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Consolidated Statement of Results of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Sales and revenues:    
Sales of Machinery, Energy & Transportation $ 12,150 $ 9,130
Revenues of Financial Products 709 692
Total sales and revenues 12,859 9,822
Operating costs:    
Cost of goods sold 8,566 6,801
Selling, general and administrative expenses 1,276 1,061
Research and development expenses 443 425
Interest expense of Financial Products 166 159
Other operating (income) expenses 300 996
Total operating costs 10,751 9,442
Operating profit 2,108 380
Interest expense excluding Financial Products 101 123
Other income (expense) 127 32
Consolidated profit before taxes 2,134 289
Provision (benefit) for income taxes 472 90
Profit of consolidated companies 1,662 199
Equity in profit (loss) of unconsolidated affiliated companies 5 (5)
Profit of consolidated and affiliated companies 1,667 194
Less: Profit (loss) attributable to noncontrolling interests 2 2
Profit [1] $ 1,665 $ 192
Profit per common share (in dollars per share) $ 2.78 $ 0.33
Profit per common share - diluted (in dollars per share) [2] $ 2.74 $ 0.32
Weighted-average common shares outstanding (millions)    
Basic (in shares) 598.0 587.5
Diluted (in shares) [2] 608.0 593.2
Cash dividends declared per common share (in dollars per share) $ 0.00 $ 0.00
[1] 1 Profit attributable to common shareholders.
[2] 2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.