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Consolidated Statement of Results of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sales and revenues:        
Sales of Machinery and Power Systems $ 15,739 $ 15,023 $ 47,711 $ 40,835
Revenues of Financial Products 706 693 2,089 2,060
Total sales and revenues 16,445 15,716 49,800 42,895
Operating costs:        
Cost of goods sold 11,639 11,455 35,156 30,815
Selling, general and administrative expenses 1,471 1,360 4,328 3,716
Research and development expenses 634 584 1,853 1,693
Interest expense of Financial Products 197 211 599 623
Other operating (income) expenses (92) 347 329 855
Total operating costs 13,849 13,957 42,265 37,702
Operating profit 2,596 1,759 7,535 5,193
Interest expense excluding Financial Products 129 112 352 289
Other income (expense) (17) (13) 141 (157)
Consolidated profit before taxes 2,450 1,634 7,324 4,747
Provision for income taxes 753 474 2,314 1,304
Profit of consolidated companies 1,697 1,160 5,010 3,443
Equity in profit (loss) of unconsolidated affiliated companies 5 (6) 12 (24)
Profit of consolidated and affiliated companies 1,702 1,154 5,022 3,419
Less: Profit attributable to noncontrolling interests 3 13 38 38
Profit $ 1,699 [1] $ 1,141 [1] $ 4,984 [1] $ 3,381 [1]
Profit per common share (in dollars per share) $ 2.60 $ 1.76 $ 7.64 $ 5.25
Profit per common share - diluted (in dollars per share) $ 2.54 [2] $ 1.71 [2] $ 7.44 [2] $ 5.08 [2]
Weighted-average common shares outstanding (millions) -        
Basic (in shares) 653.6 646.6 652.0 644.3
Diluted (in shares) 668.7 [2] 666.0 [2] 669.7 [2] 666.1 [2]
Cash dividends declared per common share (in dollars per share) $ 0.00 $ 0.00 $ 0.98 $ 0.90
[1] 1 Profit attributable to common stockholders.
[2] 2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.