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Consolidated Statements Of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues $ 16,281 $ 16,297 $ 31,251 $ 31,601
Cost of Products Sold 15,173 15,325 29,192 29,701
Gross Profit 1,108 972 2,059 1,900
Selling, general, and administrative expenses 638 602 1,302 1,261
Asset impairment, exit, and restructuring costs 16 136 57 147
Interest Expense 87 109 170 210
Equity in (earnings) losses of unconsolidated affiliates (103) (90) (243) (191)
Interest Income (15) (46) (55) (95)
Other (Income) Expense - Net (67) (13) (99) (21)
Earnings Before Income Taxes 552 274 927 589
Income taxes 80 36 64 117
Net earnings including noncontrolling interests 472 238 863 472
Less: Net earnings (losses) attributable to noncontrolling interests 3 3 3 4
Net Earnings Attributable to Controlling Interests $ 469 $ 235 $ 860 $ 468
Average number of shares outstanding - basic 561 565 562 565
Average number of shares outstanding - diluted 562 566 563 566
Earnings Per Share, Basic $ 0.84 $ 0.42 $ 1.53 $ 0.83
Earnings Per Share, Diluted 0.84 0.42 1.53 0.83
Dividends per common share $ 0.36 $ 0.35 $ 0.72 $ 0.70