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Selected Quarterly Financial Data - Unaudited
12 Months Ended
Dec. 31, 2017
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial Information [Text Block]
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 
 
2017 Quarters
 
2016 Quarters
(dollars in millions,
   except per share amounts)
 
First

 
Second

 
Third

 
Fourth

 
First

 
Second

 
Third

 
Fourth

Net Sales
 
$
13,815

 
$
15,280

 
$
15,062

 
$
15,680

 
$
13,357

 
$
14,874

 
$
14,354

 
$
14,659

Gross margin
 
3,738

 
4,180

 
4,019

 
3,947

 
3,703

 
4,133

 
4,012

 
3,936

Net income attributable to common shareowners
 
1,386

 
1,439

 
1,330

 
397

 
1,183

 
1,379

 
1,480

 
1,013

Earnings per share of Common Stock:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic - net income
 
$
1.75

 
$
1.83

 
$
1.69

 
$
0.50

 
$
1.43

 
$
1.67

 
$
1.80

 
$
1.26

Diluted - net income
 
$
1.73

 
$
1.80

 
$
1.67

 
$
0.50

 
$
1.42

 
$
1.65

 
$
1.78

 
$
1.25


COMPARATIVE STOCK DATA (UNAUDITED)
 
 
2017
 
2016
(common stock)
 
High

 
Low

 
Dividend

 
High

 
Low

 
Dividend

First quarter
 
$
113.68

 
$
108.18

 
$
0.66

 
$
100.25

 
$
84.66

 
$
0.64

Second quarter
 
$
122.50

 
$
111.93

 
$
0.66

 
$
105.89

 
$
97.21

 
$
0.66

Third quarter
 
$
123.71

 
$
109.55

 
$
0.70

 
$
109.69

 
$
100.10

 
$
0.66

Fourth quarter
 
$
128.12

 
$
116.38

 
$
0.70

 
$
110.98

 
$
98.67

 
$
0.66


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 18,393 registered shareholders at January 31, 2018.