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Condensed Consolidated Statement of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Condensed Consolidated Statement of Earnings    
Net sales $ 7,726 $ 7,535
Cost of products sold, excluding amortization of intangible assets 3,281 3,160
Amortization of intangible assets 561 486
Research and development 578 672
Selling, general and administrative 2,548 2,478
Total operating cost and expenses 6,968 6,796
Operating earnings 758 739
Interest expense 139 171
Interest (income) (18) (23)
Net foreign exchange (gain) loss 5 6
Other (income) expense, net (1) (47)
Earnings from continuing operations before taxes 633 632
Tax expense (benefit) on earnings from continuing operations 89 (40)
Earnings from continuing operations 544 672
Earnings from discontinued operations, net of tax 20  
Net Earnings $ 564 $ 672
Basic Earnings Per Common Share    
Continuing operations (in dollars per share) $ 0.31 $ 0.38
Discontinued operations (in dollars per share) 0.01  
Net earnings (in dollars per share) 0.32 0.38
Diluted Earnings Per Common Share    
Continuing operations (in dollars per share) 0.30 0.38
Discontinued operations (in dollars per share) 0.01  
Net earnings (in dollars per share) $ 0.31 $ 0.38
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares) 1,768,901 1,763,278
Dilutive Common Stock Options (in shares) 11,677 13,295
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options (in shares) 1,780,578 1,776,573
Outstanding Common Stock Options Having No Dilutive Effect (in shares) 4,035 4,011