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Condensed Consolidated Statement of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Condensed Consolidated Statement of Earnings        
Net Sales $ 5,170 $ 5,057 $ 10,067 $ 9,812
Cost of products sold, excluding amortization of intangible assets 2,218 2,288 4,299 4,562
Amortization of intangible assets 151 133 307 260
Research and development 345 310 658 679
Selling, general and administrative 1,727 1,649 3,464 3,269
Total operating cost and expenses 4,441 4,380 8,728 8,770
Operating earnings 729 677 1,339 1,042
Interest expense 44 36 81 72
Interest (income) (27) (19) (48) (35)
Net foreign exchange loss (gain) 5   (49) 1
Other (income) expense, net (279) 2 (284) 5
Earnings from continuing operations before taxes 986 658 1,639 999
Taxes on earnings from continuing operations 200 233 324 350
Earnings from continuing operations 786 425 1,315 649
Earnings (loss) from discontinued operations, net of taxes (1) 41 25 192
Gain (loss) on sale of discontinued operations, net of tax (1)   1,736  
Net earnings (loss) from discontinued operations, net of tax (2) 41 1,761 192
Net Earnings $ 784 $ 466 $ 3,076 $ 841
Basic Earnings Per Common Share        
Continuing operations (in dollars per share) $ 0.52 $ 0.28 $ 0.87 $ 0.42
Discontinued operations (in dollars per share)   0.03 1.17 0.13
Net earnings (in dollars per share) 0.52 0.31 2.04 0.55
Diluted Earnings Per Common Share        
Continuing operations (in dollars per share) 0.52 0.28 0.87 0.42
Discontinued operations (in dollars per share)   0.02 1.16 0.13
Net earnings (in dollars per share) 0.52 0.30 2.03 0.55
Cash Dividends Declared Per Common Share (in dollars per share) $ 0.24 $ 0.22 $ 0.48 $ 0.44
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares) 1,493,771 1,506,595 1,500,285 1,521,668
Dilutive Common Stock Options (in shares) 10,444 10,451 10,676 10,605
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options (in shares) 1,504,215 1,517,046 1,510,961 1,532,273
Outstanding Common Stock Options Having No Dilutive Effect (in shares) 658 544 658 544