Consolidated Results of Operations - USD ($) shares in Millions, $ in Millions		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Sales and revenues:
Sales and revenues		$ 53,800	$ 54,722	$ 45,462
Cost of goods sold		36,630	36,997	31,260
Operating costs:
Selling, general and administrative expenses		5,162	5,478	4,999
Research and development expenses		1,693	1,850	1,842
Interest expense of Financial Products		754	722	646
Goodwill impairment charge		0	0	0
Other operating (income) expenses		1,271	1,382	2,255
Total operating costs		45,510	46,429	41,002
Operating profit		8,290	8,293	4,460
Interest Expense Excluding Financial Products		421	404	531
Other income (expense)		(57)	(67)	153
Consolidated profit before taxes		7,812	7,822	4,082
Provision (benefit) for income taxes		1,746	1,698	3,339
Profit (loss) of consolidated companies		6,066	6,124	743
Equity in profit (loss) of unconsolidated affiliated companies		28	24	16
Profit (loss) of consolidated and affiliated companies		6,094	6,148	759
Less: Profit (loss) attributable to noncontrolling interests		1	1	5
Profit (loss)	[1]	$ 6,093	$ 6,147	$ 754
Profit (loss) per common share (in dollars per share)		$ 10.85	$ 10.39	$ 1.27
Profit (loss) per common share - diluted (in dollars per share)	[2]	$ 10.74	$ 10.26	$ 1.26
Weighted-average common shares outstanding (millions)
Basic (in shares)		561.6	591.4	591.8
Diluted (in shares)	[2]	567.5	599.4	599.3
Machinery, Energy & Transportation
Sales and revenues:
Sales and revenues		$ 50,755	$ 51,822	$ 42,676
Financial Products
Sales and revenues:
Sales and revenues		$ 3,045	$ 2,900	$ 2,786

[1] Profit attributable to common shareholders.

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