XML 20 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statement of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Net Sales $ 41,950 $ 40,109 $ 43,653
Cost of products sold, excluding amortization of intangible assets 18,706 17,975 19,142
Amortization of intangible assets 1,878 1,966 2,013
Research and development 2,844 2,741 2,888
Selling, general and administrative 11,697 10,949 11,248
Total Operating Cost and Expenses 35,125 33,631 35,291
Operating Earnings 6,825 6,478 8,362
Interest expense 559 637 558
Interest income (344) (385) (183)
Net foreign exchange (gain) loss (27) 41 2
Other (income) expense, net (376) (479) (321)
Earnings before Taxes 7,013 6,664 8,306
Taxes on Earnings (6,389) 941 1,373
Net Earnings $ 13,402 $ 5,723 $ 6,933
Basic earnings per common share (in dollars per share) $ 7.67 $ 3.28 $ 3.94
Diluted earnings per common share (in dollars per share) $ 7.64 $ 3.26 $ 3.91
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares) 1,740 1,740 1,753
Dilutive Common Stock Options (in shares) 8 9 11
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options (in shares) 1,748 1,749 1,764
Outstanding Common Stock Options Having No Dilutive Effect (in shares) 7 5 3