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Condensed Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 9,978 $ 11,257 $ 19,725 $ 23,152
Cost of products sold, excluding amortization of intangible assets 4,483 4,933 8,814 9,920
Amortization of intangible assets 498 507 989 1,019
Research and development 715 684 1,369 1,381
Selling, general and administrative 2,740 2,757 5,502 5,544
Total operating cost and expenses 8,436 8,881 16,674 17,864
Operating earnings 1,542 2,376 3,051 5,288
Interest expense 159 132 312 263
Interest (income) (98) (26) (199) (40)
Net foreign exchange (gain) loss 21 0 27 (3)
Other (income) expense, net (176) (82) (287) (160)
Earnings before taxes 1,636 2,352 3,198 5,228
Taxes on earnings 261 334 505 763
Net Earnings $ 1,375 $ 2,018 $ 2,693 $ 4,465
Basic Earnings Per Common Share (in dollars per share) $ 0.79 $ 1.15 $ 1.54 $ 2.53
Diluted Earnings Per Common Share (in dollars per share) $ 0.78 $ 1.14 $ 1.53 $ 2.51
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares) 1,740,359 1,753,865 1,741,051 1,757,858
Dilutive Common Stock Options (in shares) 9,889 11,598 9,933 12,115
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options (in shares) 1,750,248 1,765,463 1,750,984 1,769,973
Outstanding Common Stock Options Having No Dilutive Effect (in shares) 5,474 5,419 5,474 2,655