XML 28 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements Of Earnings - USD ($)
$ in Thousands, shares in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net sales $ 17,108,000 $ 14,351,000 $ 14,884,000
Cost of sales 6,140,000 5,294,000 5,188,000
Gross profit 10,968,000 9,057,000 9,696,000
Research, development and engineering expenses 1,235,000 984,000 971,000
Selling, general and administrative expenses 6,427,000 5,361,000 5,356,000
Recall charges 103,000 17,000 192,000
Amortization of intangible assets 619,000 472,000 464,000
Total operating expenses 8,384,000 6,834,000 6,983,000
Operating income 2,584,000 2,223,000 2,713,000
Other income (expense), net (303,000) (269,000) (151,000)
Earnings before income taxes 2,281,000 1,954,000 2,562,000
Income taxes 287,000 355,000 479,000
Net earnings $ 1,994,000 $ 1,599,000 $ 2,083,000
Net earnings per share of common stock:      
Basic net earnings per share of common stock (in dollars per share) $ 5.29 $ 4.26 $ 5.57
Diluted net earnings per share of common stock (in dollars per share) $ 5.21 $ 4.20 $ 5.48
Weighted-average shares outstanding (in millions):      
Basic (in shares) 377.0 375.5 374.0
Effect of dilutive employee stock compensation (in shares) 5.3 4.8 5.9
Diluted (in shares) 382.3 380.3 379.9