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Consolidated Statements Of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net sales $ 2,151 $ 2,052 $ 6,553 $ 6,319
Cost of sales 682 655 2,125 2,036
Gross profit 1,469 1,397 4,428 4,283
Research, development and engineering expenses 136 114 397 342
Selling, general and administrative expenses 1,136 791 3,067 2,433
Intangible asset amortization 34 30 102 92
Restructuring Charges, Selling, General and Administrative 13 12 36 45
Total operating expenses 1,319 947 3,602 2,912
Operating income 150 450 826 1,371
Other income (expense), net (13) (6) (45) (24)
Earnings before income taxes 137 444 781 1,347
Income taxes 34 91 161 319
Net earnings $ 103 $ 353 $ 620 $ 1,028
Net earnings per share of common stock:        
Basic net earnings per share of common stock $ 0.27 $ 0.93 $ 1.64 $ 2.70
Diluted net earnings per share of common stock $ 0.27 $ 0.92 $ 1.62 $ 2.68
Weighted-average shares outstanding—in millions:        
Basic 378.3 380.2 378.7 380.7
Net effect of dilutive employee stock options 3.4 2.3 3.1 2.5
Diluted 381.7 382.5 381.8 383.2
Anti-dilutive shares excluded from the calculation of net effect of dilutive employee stock options 0 6.4 1.9 8.6