XML 64 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net sales $ 9,021 $ 8,657 $ 8,307
Cost of sales 2,977 2,781 2,811
Gross profit 6,044 5,876 5,496
Research, development and engineering expenses 536 471 462
Selling, general and administrative expenses 4,066 3,466 3,150
Intangible asset amortization 138 123 122
Restructuring charges 48 75 76
Total operating expenses 4,788 4,135 3,810
Operating income 1,256 1,741 1,686
Other income (expense), net (44) (36)  
Earnings before income taxes 1,212 1,705 1,686
Income taxes 206 407 341
Net earnings $ 1,006 $ 1,298 $ 1,345
Net earnings per share of common stock:      
Basic net earnings per share of common stock $ 2.66 $ 3.41 $ 3.48
Diluted net earnings per share of common stock $ 2.63 $ 3.39 $ 3.45
Weighted-average shares outstanding—in millions:      
Basic 378.6 380.6 386.5
Net effect of dilutive employee stock options 3.5 2.4 3.0
Diluted 382.1 383.0 389.5
Anti-dilutive shares excluded from the calculation of net effect of dilutive employee stock options   6.4 7.8