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Consolidated Statement of Results of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Sales and revenues:        
Sales of Machinery, Energy & Transportation $ 13,391 $ 13,886 $ 25,884 $ 26,370
Revenues of Financial Products 759 735 1,507 1,461
Total sales and revenues 14,150 14,621 27,391 27,831
Operating costs:        
Cost of goods sold 10,197 10,773 19,634 20,412
Selling, general and administrative expenses 1,437 1,421 2,729 2,811
Research and development expenses 516 548 1,024 1,110
Interest expense of Financial Products 153 185 313 374
Other operating (income) expenses 372 137 818 349
Total operating costs 12,675 13,064 24,518 25,056
Operating profit 1,475 1,557 2,873 2,775
Interest expense excluding Financial Products 120 120 230 240
Other income (expense) 65 (84) 119 (55)
Consolidated profit before taxes 1,420 1,353 2,762 2,480
Provision (benefit) for income taxes 419 387 837 633
Profit of consolidated companies 1,001 966 1,925 1,847
Equity in profit (loss) of unconsolidated affiliated companies 1 (1) 2 0
Profit of consolidated and affiliated companies 1,002 965 1,927 1,847
Less: Profit (loss) attributable to noncontrolling interests 3 5 6 7
Profit $ 999 [1] $ 960 [1] $ 1,921 [1] $ 1,840 [1]
Profit per common share (in dollars per share) $ 1.60 $ 1.48 $ 3.06 $ 2.82
Profit per common share - diluted (in dollars per share) $ 1.57 [2] $ 1.45 [2] $ 3.00 [2] $ 2.76 [2]
Weighted-average common shares outstanding (millions)        
Basic (in shares) 626.3 649.9 626.8 652.4
Diluted (in shares) 638.3 [2] 662.7 [2] 639.3 [2] 666.6 [2]
Cash dividends declared per common share (in dollars per share) $ 1.30 $ 1.12 $ 1.30 $ 1.12
[1] 1 Profit attributable to common stockholders.
[2] 2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.