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Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Sales        
Product $ 3,916 $ 3,560 $ 7,750 $ 7,038
Service 2,459 2,440 4,892 4,918
Total sales 6,375 6,000 12,642 11,956
Operating costs and expenses        
Product 2,958 2,621 5,829 5,232
Service 1,896 1,962 3,783 3,912
General and administrative expenses 666 620 1,343 1,276
Operating income 855 797 1,687 1,536
Other (expense) income        
Interest expense (76) (74) (151) (150)
Other, net 28 7 44 20
Earnings before income taxes 807 730 1,580 1,406
Federal and foreign income tax expense 255 213 388 333
Net earnings $ 552 $ 517 $ 1,192 $ 1,073
Basic earnings per share        
Basic earnings per share $ 3.16 $ 2.87 $ 6.82 $ 5.94
Weighted-average common shares outstanding, in millions 174.5 180.1 174.7 180.7
Diluted earnings per share        
Diluted earnings per share $ 3.15 $ 2.85 $ 6.78 $ 5.88
Weighted-average diluted shares outstanding, in millions 175.5 181.5 175.8 182.4
Net earnings (from above) $ 552 $ 517 $ 1,192 $ 1,073
Change in unamortized benefit plan costs, net of tax 102 100 201 201
Change in cumulative translation adjustment (4) (9) 0 (13)
Other, net 1 1 3 0
Other comprehensive income, net of tax 99 92 204 188
Comprehensive income $ 651 $ 609 $ 1,396 $ 1,261