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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Revenues $ 85,530 $ 93,935 $ 101,556
Cost of products sold 79,752 86,422 93,986
Gross Profit 5,778 7,513 7,570
Selling, general, and administrative expenses 3,706 3,456 3,358
Asset impairment, exit, and restructuring costs 545 342 66
Equity in earnings of unconsolidated affiliates (621) (551) (832)
Interest and investment income (562) (499) (293)
Interest expense 706 647 396
Other (income) expense - net (251) (176) (358)
Earnings Before Income Taxes 2,255 4,294 5,233
Income tax expense 476 828 868
Net Earnings Including Non-controlling Interests 1,779 3,466 4,365
Net earnings (losses) attributable to non-controlling interests (21) (17) 25
Net Earnings Attributable to Controlling Interests $ 1,800 $ 3,483 $ 4,340
Weighted average number of shares outstanding – basic (in shares) 492 541 562
Weighted average number of shares outstanding – diluted (in shares) 493 542 563
Basic earnings per common share (dollars per share) $ 3.66 $ 6.44 $ 7.72
Diluted earnings per common share (dollars per share) $ 3.65 $ 6.43 $ 7.71