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Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales      
Products $ 35,882 $ 36,093 $ 35,691
Services 10,250 9,507 9,667
Total net sales 46,132 45,600 45,358
Cost of sales      
Products (32,006) (31,965) (31,346)
Services (9,011) (8,393) (8,588)
Goodwill impairment charges [2]   (119) [1] (195)
Severance charges [3] (102)   (201)
Other unallocated, net 187 132 (841)
Total cost of sales (40,932) (40,345) (41,171)
Gross profit 5,200 5,255 4,187
Other income, net 236 337 318
Operating profit 5,436 5,592 4,505
Interest expense (443) (340) (350)
Other non-operating income, net 30 6  
Earnings from continuing operations before income taxes 5,023 5,258 4,155
Income tax expense (1,418) (1,644) (1,205)
Net earnings from continuing operations 3,605 3,614 2,950
Net earnings from discontinued operations     31
Net earnings $ 3,605 $ 3,614 $ 2,981
Basic      
Continuing operations per common share in USD $ 11.62 $ 11.41 $ 9.19
Discontinued operations per common share in USD     0.10
Basic earnings per common share in USD 11.62 11.41 9.29
Diluted      
Continuing operations per common share in USD 11.46 11.21 9.04
Discontinued operations per common share in USD     0.09
Diluted earnings per common share in USD $ 11.46 $ 11.21 $ 9.13
[1] The impairment in 2014 relates to our Technical Services reporting unit within our IS&GS business segment (Note 1).
[2] We recognized non-cash goodwill impairment charges related to the Technical Services reporting unit within our MFC business segment in 2014 and 2013. See Note 1 for more information.
[3] See Note 15 for information on charges related to certain severance actions at our business segments. Severance charges for initiatives that are not significant are included in business segment operating profit.