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Consolidated Statements Of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales $ 8,307 $ 7,320 $ 6,723
Cost of sales 2,811 2,286 2,184
Gross profit 5,496 5,034 4,539
Research, development and engineering expenses 462 394 336
Selling, general and administrative expenses 3,150 2,707 2,506
Intangibles asset amortization 122 58 36
Property, plant and equipment impairment   124  
Restructuring charges 76   67
Total operating expenses 3,810 3,283 2,945
Operating income 1,686 1,751 1,594
Other income (expense)    (22) 30
Earnings before income taxes 1,686 1,729 1,624
Income taxes 341 456 517
Net earnings $ 1,345 $ 1,273 $ 1,107
Net earnings per share of common stock:      
Basic net earnings per share of common stock $ 3.48 $ 3.21 $ 2.79
Diluted net earnings per share of common stock $ 3.45 $ 3.19 $ 2.77
Weighted-average shares outstanding-in millions:      
Basic 386.5 396.4 397.4
Employee stock options 10.8 10.6 20.1
Less antidilutive stock options (7.8) (7.5) (18.1)
Net effect of dilutive employee stock options 3.0 3.1 2.0
Diluted 389.5 399.5 399.4