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Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales      
Total net sales $ 67,571 $ 65,984 $ 67,044
Cost of sales      
Severance and other charges (92) (100) (36)
Other unallocated, net 1,233 1,012 1,504
Total cost of sales (59,092) (57,697) (57,983)
Gross profit 8,479 8,287 9,061
Other income, net 28 61 62
Operating profit 8,507 8,348 9,123
Interest expense (916) (623) (569)
Non-service FAS pension income (expense) 443 (971) (1,292)
Other non-operating income (expense), net 64 (74) 288
Earnings before income taxes 8,098 6,680 7,550
Income tax expense (1,178) (948) (1,235)
Net earnings $ 6,920 $ 5,732 $ 6,315
Earnings per common share      
Basic (in dollars per share) $ 27.65 $ 21.74 $ 22.85
Diluted (in dollars per share) $ 27.55 $ 21.66 $ 22.76
Products      
Net sales      
Total net sales $ 56,265 $ 55,466 $ 56,435
Cost of sales      
Total cost of sales (50,206) (49,357) (50,017)
Services      
Net sales      
Total net sales 11,306 10,518 10,609
Cost of sales      
Total cost of sales $ (10,027) $ (9,252) $ (9,434)