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Condensed Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 11,257 $ 10,223 $ 23,152 $ 20,679
Cost of products sold, excluding amortization of intangible assets 4,933 4,947 9,920 9,348
Amortization of intangible assets 507 504 1,019 1,013
Research and development 684 654 1,381 1,308
Selling, general and administrative 2,757 2,726 5,544 5,509
Total operating cost and expenses 8,881 8,831 17,864 17,178
Operating earnings 2,376 1,392 5,288 3,501
Interest expense 132 134 263 269
Interest (income) (26) (11) (40) (22)
Net foreign exchange (gain) loss 0 0 (3) 3
Other (income) expense, net (82) (79) (160) (140)
Earnings before taxes 2,352 1,348 5,228 3,391
Taxes on earnings 334 159 763 409
Net Earnings $ 2,018 $ 1,189 $ 4,465 $ 2,982
Basic Earnings Per Common Share (in dollars per share) $ 1.15 $ 0.67 $ 2.53 $ 1.67
Diluted Earnings Per Common Share (in dollars per share) $ 1.14 $ 0.66 $ 2.51 $ 1.66
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares) 1,753,865 1,779,203 1,757,858 1,778,049
Dilutive Common Stock Options (in shares) 11,598 14,076 12,115 14,369
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options (in shares) 1,765,463 1,793,279 1,769,973 1,792,418
Outstanding Common Stock Options Having No Dilutive Effect (in shares) 5,419 2,720 2,655 2,694