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Consolidated Statement of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Consolidated Statement of Earnings      
Net Sales $ 20,853 $ 20,405 $ 20,247
Cost of products sold, excluding amortization of intangible assets 9,024 8,747 9,218
Amortization of intangible assets 550 601 555
Research and development 1,422 1,405 1,345
Selling, general and administrative 6,672 6,785 6,530
Total Operating Cost and Expenses 17,668 17,538 17,648
Operating Earnings 3,185 2,867 2,599
Interest expense 431 163 150
Interest income (99) (105) (77)
Net loss on extinguishment of debt     18
Net foreign exchange (gain) loss 495 (93) (24)
Other (income) expense, net 945 (281) 14
Earnings from Continuing Operations Before Taxes 1,413 3,183 2,518
Taxes on Earnings from Continuing Operations 350 577 797
Earnings from Continuing Operations 1,063 2,606 1,721
Earnings from Discontinued Operations, net of taxes 321 65 563
Gain on sale of Discontinued Operations, net of taxes 16 1,752  
Net Earnings from Discontinued Operations, net of taxes 337 1,817 563
Net Earnings $ 1,400 $ 4,423 $ 2,284
Basic Earnings Per Common Share --      
Continuing Operations (in dollars per share) $ 0.71 $ 1.73 $ 1.13
Discontinued Operations (in dollars per share) 0.23 1.21 0.37
Net Earnings (in dollars per share) 0.94 2.94 1.50
Diluted Earnings Per Common Share --      
Continuing Operations (in dollars per share) 0.71 1.72 1.12
Discontinued Operations (in dollars per share) 0.23 1.20 0.37
Net Earnings (in dollars per share) $ 0.94 $ 2.92 $ 1.49
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares) 1,477 1,496 1,516
Dilutive Common Stock Options (in shares) 6 10 11
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options (in shares) 1,483 1,506 1,527
Outstanding Common Stock Options Having No Dilutive Effect (in shares) 5 1 1