Consolidated Statement of Results of Operations - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Sales and revenues:
Sales of Machinery, Energy & Transportation		$ 10,639	$ 9,645	$ 19,769	$ 18,425
Revenues of Financial Products		692	697	1,384	1,378
Total sales and revenues		11,331	10,342	21,153	19,803
Operating costs:
Cost of goods sold		7,769	7,419	14,527	14,241
Selling, general and administrative expenses		1,289	1,123	2,334	2,211
Research and development expenses		453	468	871	976
Interest expense of Financial Products		162	148	321	300
Other operating (income) expenses		407	399	1,432	796
Total operating costs		10,080	9,557	19,485	18,524
Operating profit		1,251	785	1,668	1,279
Interest expense excluding Financial Products		121	130	244	259
Other income (expense)		29	84	24	84
Consolidated profit before taxes		1,159	739	1,448	1,104
Provision (benefit) for income taxes		361	184	451	276
Profit of consolidated companies		798	555	997	828
Equity in profit (loss) of unconsolidated affiliated companies		5	(2)	0	(3)
Profit of consolidated and affiliated companies		803	553	997	825
Less: Profit (loss) attributable to noncontrolling interests		1	3	3	4
Profit	[1]	$ 802	$ 550	$ 994	$ 821
Profit per common share (in dollars per share)		$ 1.36	$ 0.94	$ 1.69	$ 1.41
Profit per common share - diluted (in dollars per share)	[2]	$ 1.35	$ 0.93	$ 1.67	$ 1.40
Weighted-average common shares outstanding (millions)
Basic (in shares)		590.2	584.1	588.8	583.4
Diluted (in shares)	[2]	595.4	588.6	594.4	588.2
Cash dividends declared per common share (in dollars per share)		$ 1.55	$ 1.54	$ 1.55	$ 1.54

[1] 1 Profit attributable to common shareholders.

[2] 2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.