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Consolidated Statement of Results of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Sales and revenues:    
Sales of Machinery, Energy & Transportation $ 8,780 $ 11,961
Revenues of Financial Products 681 741
Total sales and revenues 9,461 12,702
Operating costs:    
Cost of goods sold 6,822 8,760
Selling, general and administrative expenses 1,088 1,249
Research and development expenses 508 524
Interest expense of Financial Products 152 150
Other operating (income) expenses 397 317
Total operating costs 8,967 11,000
Operating profit 494 1,702
Interest expense excluding Financial Products 129 129
Other income (expense) 0 194
Consolidated profit before taxes 365 1,767
Provision (benefit) for income taxes 92 521
Profit of consolidated companies 273 1,246
Equity in profit (loss) of unconsolidated affiliated companies (1) 2
Profit of consolidated and affiliated companies 272 1,248
Less: Profit (loss) attributable to noncontrolling interests 1 3
Profit [1] $ 271 $ 1,245
Profit per common share (in dollars per share) $ 0.46 $ 2.06
Profit per common share - diluted (in dollars per share) [2] $ 0.46 $ 2.03
Weighted-average common shares outstanding (millions)    
Basic (in shares) 582.8 604.9
Diluted (in shares) [2] 587.7 612.7
Cash dividends declared per common share (in dollars per share) $ 0.00 $ 0.00
[1] 1 Profit attributable to common stockholders.
[2] 2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.