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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 4,996 $ 4,493 $ 9,774 $ 8,768
Cost of sales 1,815 1,667 3,577 3,208
Gross profit 3,181 2,826 6,197 5,560
Research, development and engineering expenses 346 351 685 764
Selling, general and administrative expenses 1,706 1,539 3,487 3,249
Recall charges, net 3 4 3 18
Amortization of intangible assets 161 160 322 310
Total operating expenses 2,216 2,054 4,497 4,341
Operating income 965 772 1,700 1,219
Other income (expense), net (66) (52) (122) (113)
Earnings before income taxes 899 720 1,578 1,106
Income taxes 161 64 248 127
Net earnings $ 738 $ 656 $ 1,330 $ 979
Net earnings per share of common stock:        
Basic (in dollars per share) $ 1.95 $ 1.73 $ 3.51 $ 2.59
Diluted (in dollars per share) $ 1.93 $ 1.72 $ 3.47 $ 2.56
Weighted-average shares outstanding (in millions):        
Basic (in shares) 379.7 378.3 379.4 378.0
Effect of dilutive employee stock compensation (in shares) 4.2 3.9 4.2 4.5
Diluted (in shares) 383.9 382.2 383.6 382.5
Cash dividends declared per share of common stock (in dollars per share) $ 0.75 $ 0.695 $ 1.50 $ 1.39