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Selected Quarterly Financial Data - Unaudited
12 Months Ended
Dec. 31, 2016
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial Information [Text Block]
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 
 
2016 Quarters
 
2015 Quarters
(dollars in millions,
   except per share amounts)
 
First

 
Second

 
Third

 
Fourth

 
First

 
Second

 
Third

 
Fourth

Net Sales
 
$
13,357

 
$
14,874

 
$
14,354

 
$
14,659

 
$
13,320

 
$
14,690

 
$
13,788

 
$
14,300

Gross margin
 
3,703

 
4,133

 
4,012

 
3,936

 
3,814

 
4,218

 
3,988

 
3,647

Net income attributable to common shareowners
 
1,183

 
1,379

 
1,480

 
1,013

 
1,426

 
1,542

 
1,362

 
3,278

Earnings per share of Common Stock:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic - net income
 
$
1.43

 
$
1.67

 
$
1.80

 
$
1.26

 
$
1.60

 
$
1.76

 
$
1.55

 
$
3.86

Diluted - net income
 
$
1.42

 
$
1.65

 
$
1.78

 
$
1.25

 
$
1.58

 
$
1.73

 
$
1.54

 
$
3.86


COMPARATIVE STOCK DATA (UNAUDITED)
 
 
2016
 
2015
(common stock)
 
High

 
Low

 
Dividend

 
High

 
Low

 
Dividend

First quarter
 
$
100.25

 
$
84.66

 
$
0.64

 
$
124.11

 
$
111.52

 
$
0.64

Second quarter
 
$
105.89

 
$
97.21

 
$
0.66

 
$
119.14

 
$
110.93

 
$
0.64

Third quarter
 
$
109.69

 
$
100.10

 
$
0.66

 
$
111.58

 
$
86.82

 
$
0.64

Fourth quarter
 
$
110.98

 
$
98.67

 
$
0.66

 
$
100.80

 
$
88.36

 
$
0.64


Our common stock is listed on the New York Stock Exchange. The high and low prices are based on the Composite Tape of the New York Stock Exchange. There were approximately 19,126 registered shareholders at January 31, 2017.