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Consolidated Statement of Results of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Sales and revenues:    
Sales of Machinery and Power Systems $ 15,288 $ 12,277
Revenues of Financial Products 693 672
Total sales and revenues 15,981 12,949
Operating costs:    
Cost of goods sold 11,237 9,057
Selling, general and administrative expenses 1,340 1,099
Research and development expenses 587 525
Interest expense of Financial Products 204 203
Other operating (income) expenses 290 232
Total operating costs 13,658 11,116
Operating profit 2,323 1,833
Interest expense excluding Financial Products 113 87
Other income (expense) 88 17
Consolidated profit before taxes 2,298 1,763
Provision for income taxes 689 512
Profit of consolidated companies 1,609 1,251
Equity in profit (loss) of unconsolidated affiliated companies 2 (8)
Profit of consolidated and affiliated companies 1,611 1,243
Less: Profit attributable to noncontrolling interests 25 18
Profit $ 1,586 [1] $ 1,225 [1]
Profit per common share (in dollars per share) $ 2.44 $ 1.91
Profit per common share - diluted (in dollars per share) $ 2.37 [2] $ 1.84 [2]
Weighted-average common shares outstanding (millions)    
Basic (in shares) 650.0 641.4
Diluted (in shares) 670.2 [2] 664.9 [2]
Cash dividends declared per common share (in dollars per share) $ 0  
[1] Profit attributable to common stockholders.
[2] Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.