Consolidated Statement of Results of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Sales and revenues:
Sales and revenues	$ 10,635	$ 13,466
Operating costs:
Cost of goods sold	7,266	9,003
Selling, general and administrative expenses	1,121	1,319
Research and development expenses	356	435
Interest expense of Financial Products	175	190
Other operating (income) expenses	313	312
Total operating costs	9,231	11,259
Operating profit	1,404	2,207
Interest Expense Excluding Financial Products	113	103
Other income (expense)	222	160
Consolidated profit before taxes	1,513	2,264
Provision (benefit) for income taxes	425	387
Profit of consolidated companies	1,088	1,877
Equity in profit (loss) of unconsolidated affiliated companies	5	7
Profit of consolidated and affiliated companies	1,093	1,884
Less: Profit (loss) attributable to the noncontrolling interests	1	3
Profit	$ 1,092	$ 1,881
Profit per common share (in dollars per share)	$ 2.00	$ 3.29
Profit per common share - diluted (in dollars per share)	$ 1.98	$ 3.25
Weighted-average common shares outstanding (millions)
Basic (in shares)	546.8	572.4
Diluted (in shares)	551.1	578.8
Machinery, Energy & Transportation
Sales and revenues:
Sales and revenues	$ 9,914	$ 12,724
Financial Products
Sales and revenues:
Sales and revenues	$ 721	$ 742