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Consolidated Results of Operations (USD $)
In Millions, except Per Share data
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Sales and revenues:      
Sales of Machinery and Power Systems $ 39,867 $ 29,540 $ 48,044
Revenues of Financial Products 2,721 2,856 3,280
Total sales and revenues 42,588 32,396 51,324
Operating costs:      
Cost of goods sold 30,367 23,886 38,415
Selling, general and administrative expenses 4,248 3,645 4,399
Research and development expenses 1,905 1,421 1,728
Interest expense of Financial Products 914 1,045 1,153
Other operating (income) expenses 1,191 1,822 1,181
Total operating costs 38,625 31,819 46,876
Operating profit 3,963 577 4,448
Interest expense excluding Financial Products 343 389 274
Other income (expense) 130 381 327
Consolidated profit before taxes 3,750 569 4,501
Provision (benefit) for income taxes 968 (270) 953
Profit of consolidated companies 2,782 839 3,548
Equity in profit (loss) of unconsolidated affiliated companies (24) (12) 37
Profit of consolidated and affiliated companies 2,758 827 3,585
Less: Profit (loss) attributable to noncontrolling interests 58 (68) 28
Profit $ 2,700 [1] $ 895 [1] $ 3,557 [1]
Profit per common share (in dollars per share) $ 4.28 $ 1.45 $ 5.83
Profit per common share - diluted (in dollars per share) $ 4.15 [2] $ 1.43 [2] $ 5.66 [2]
Weighted-average common shares outstanding (millions)      
- Basic (in shares) 631.5 615.2 610.5
- Diluted (in shares) 650.4 [2] 626.0 [2] 627.9 [2]
Cash dividends declared per common share (in dollars per share) $ 1.74 $ 1.68 $ 1.62
[1] Profit attributable to common stockholders.
[2] Diluted by assumed exercise of stock-based compensation awards, using the treasury stock method.