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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Sales and revenues:        
Sales of Machinery and Power Systems $ 12,678 $ 15,739 $ 39,048 $ 47,711
Revenues of Financial Products 745 706 2,206 2,089
Total sales and revenues 13,423 16,445 41,254 49,800
Operating costs:        
Cost of goods sold 9,774 11,639 30,186 35,156
Selling, general and administrative expenses 1,319 1,471 4,130 4,328
Research and development expenses 469 634 1,579 1,853
Interest expense of Financial Products 178 197 552 599
Other operating (income) expenses 282 (92) 631 329
Total operating costs 12,022 13,849 37,078 42,265
Operating profit 1,401 2,596 4,176 7,535
Interest expense excluding Financial Products 116 129 356 352
Other income (expense) (24) (17) (79) 141
Consolidated profit before taxes 1,261 2,450 3,741 7,324
Provision (benefit) for income taxes 310 753 943 2,314
Profit of consolidated companies 951 1,697 2,798 5,010
Equity in profit (loss) of unconsolidated affiliated companies (1) 5 (1) 12
Profit of consolidated and affiliated companies 950 1,702 2,797 5,022
Less: Profit (loss) attributable to noncontrolling interests 4 3 11 38
Profit $ 946 [1] $ 1,699 [1] $ 2,786 [1] $ 4,984 [1]
Profit per common share (in dollars per share) $ 1.48 $ 2.60 $ 4.30 $ 7.64
Profit per common share - diluted (in dollars per share) $ 1.45 [2] $ 2.54 [2] $ 4.21 [2] $ 7.44 [2]
Weighted-average common shares outstanding (millions)        
Basic (in shares) 639.3 653.6 647.6 652.0
Diluted (in shares) 651.9 [2] 668.7 [2] 661.3 [2] 669.7 [2]
Cash dividends declared per common share (in dollars per share) $ 0.00 $ 0.00 $ 1.12 $ 0.98
[1] 1 Profit attributable to common stockholders.
[2] 2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.