XML 18 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net sales      
Total net sales $ 65,984 $ 67,044 $ 65,398
Cost of sales      
Severance and other charges (100) (36) (27)
Other unallocated, net 1,260 1,789 1,650
Total cost of sales (57,697) (57,983) (56,744)
Gross profit 8,287 9,061 8,654
Other income (expense), net 61 62 (10)
Operating profit 8,348 9,123 8,644
Interest expense (623) (569) (591)
Non-service FAS pension (expense) income (971) (1,292) 219
Other non-operating (expense) income, net (74) 288 (37)
Earnings from continuing operations before income taxes 6,680 7,550 8,235
Income tax expense (948) (1,235) (1,347)
Net earnings from continuing operations 5,732 6,315 6,888
Net loss from discontinued operations 0 0 (55)
Net earnings $ 5,732 $ 6,315 $ 6,833
Basic      
Continuing operations (in dollars per share) $ 21.74 $ 22.85 $ 24.60
Discontinued operations (in dollars per share) 0 0 (0.20)
Basic earnings per common share (in dollars per share) 21.74 22.85 24.40
Diluted      
Continuing operations (in dollars per share) 21.66 22.76 24.50
Discontinued operations (in dollars per share) 0 0 (0.20)
Diluted earnings per common share (in dollars per share) $ 21.66 $ 22.76 $ 24.30
Products      
Net sales      
Total net sales $ 55,466 $ 56,435 $ 54,928
Cost of sales      
Total cost of sales (49,577) (50,273) (48,996)
Services      
Net sales      
Total net sales 10,518 10,609 10,470
Cost of sales      
Total cost of sales $ (9,280) $ (9,463) $ (9,371)