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Consolidated Statement of Results of Operations (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Sales and revenues:        
Sales of Machinery and Power Systems $ 13,535 $ 9,723 $ 25,812 $ 17,274
Revenues of Financial Products 695 686 1,367 1,373
Total sales and revenues 14,230 10,409 27,179 18,647
Operating costs:        
Cost of goods sold 10,303 7,372 19,360 13,266
Selling, general and administrative expenses 1,257 1,059 2,356 1,991
Research and development expenses 584 450 1,109 852
Interest expense of Financial Products 209 234 412 467
Other operating (income) expenses 276 317 508 586
Total operating costs 12,629 9,432 23,745 17,162
Operating profit (loss) 1,601 977 3,434 1,485
Interest expense excluding Financial Products 90 81 177 183
Other income (expense) (161) 50 (144) 113
Consolidated profit (loss) before taxes 1,350 946 3,113 1,415
Provision (benefit) for income taxes 318 209 830 440
Profit (loss) of consolidated companies 1,032 737 2,283 975
Equity in profit (loss) of unconsolidated affiliated companies (10) (4) (18) (6)
Profit (loss) of consolidated and affiliated companies 1,022 733 2,265 969
Less: Profit (loss) attributable to noncontrolling interests 7 26 25 29
Profit (loss) $ 1,015 [1] $ 707 [1] $ 2,240 [1] $ 940 [1]
Profit (loss) per common share (in dollars per share) $ 1.57 $ 1.12 $ 3.48 $ 1.50
Profit (loss) per common share - diluted (in dollars per share) $ 1.52 [2] $ 1.09 [2] $ 3.36 [2] $ 1.46 [2]
Weighted-average common shares outstanding (millions)        
Basic (in shares) 645.5 629.8 643.3 628.1
Diluted (in shares) 667.2 [2] 647.0 [2] 666.0 [2] 645.2 [2]
Cash dividends declared per common share (in dollars per share) $ 0.90 $ 0.86 $ 0.90 $ 0.86
[1] Profit (loss) attributable to common stockholders.
[2] Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.