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CONSOLIDATED STATEMENT OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue $ 20,003 $ 19,289 $ 39,075 $ 37,443
Cost 10,804 10,321 [1] 21,629 20,531 [1]
Gross profit 9,199 8,968 [1] 17,445 16,912 [1]
Expense and other (income):        
Selling, general and administrative 4,857 5,033 [1] 10,302 10,060 [1]
Research, development and engineering 1,364 1,436 [1] 2,769 2,921 [1]
Intellectual property and custom development income (250) (365) (567) (810)
Other (income) and expense 280 273 [1] 692 592 [1]
Interest expense 173 147 338 283
Total expense and other (income) 6,423 6,525 [1] 13,534 13,046 [1]
Income from continuing operations before income taxes 2,776 2,443 3,911 3,867
Provision for/(benefit from) income taxes 373 111 (166) (218)
Income from continuing operations 2,402 2,332 4,078 4,085
Income/(loss) from discontinued operations, net of tax 1 (1) 5 (3)
Net income $ 2,404 $ 2,331 $ 4,083 $ 4,082
Assuming dilution:        
Continuing operations (in dollars per share) $ 2.61 $ 2.48 $ 4.42 $ 4.32
Discontinued operations (in dollars per share) 0.00 0.00 0.01 0.00
Total (in dollars per share) 2.61 2.48 4.43 4.32
Basic:        
Continuing operations (in dollars per share) 2.63 2.49 4.44 4.35
Discontinued operations (in dollars per share) 0.00 0.00 0.01 0.00
Total (in dollars per share) $ 2.63 $ 2.49 $ 4.45 $ 4.35
Weighted-average number of common shares outstanding:        
Assuming dilution (in shares) 919,398,606 939,564,761 922,404,020 943,700,484
Basic (in shares) 915,064,434 934,923,989 917,872,328 938,682,445
Cash dividend per common share $ 1.57 $ 1.50 $ 3.07 $ 2.90
Services        
Revenue $ 12,886 $ 12,547 $ 25,848 $ 24,889
Cost 8,645 8,368 [1] 17,479 16,769 [1]
Sales        
Revenue 6,721 6,324 12,421 11,727
Cost 1,869 1,664 [1] 3,591 3,195 [1]
Financing        
Revenue 396 418 806 827
Cost $ 290 $ 289 $ 559 $ 568
[1] Recast to reflect adoption of the FASB guidance on presentation of net periodic pension and nonpension postretirement benefit costs.