XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statement of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Condensed Consolidated Statement of Earnings    
Net Sales $ 11,895 $ 10,456
Cost of products sold, excluding amortization of intangible assets 4,987 4,401
Amortization of intangible assets 512 509
Research and development 697 654
Selling, general and administrative 2,787 2,783
Total operating cost and expenses 8,983 8,347
Operating earnings 2,912 2,109
Interest expense 131 135
Interest (income) (14) (11)
Net foreign exchange (gain) loss (3) 3
Other (income) expense, net (78) (61)
Earnings before taxes 2,876 2,043
Taxes on earnings 429 250
Net Earnings $ 2,447 $ 1,793
Basic Earnings Per Common Share (in dollars per share) $ 1.38 $ 1.00
Diluted Earnings Per Common Share (in dollars per share) $ 1.37 $ 1.00
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share 1,761,911 1,776,842
Dilutive Common Stock Options 12,631 14,661
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options 1,774,542 1,791,503
Outstanding Common Stock Options Having No Dilutive Effect 2,655 2,694