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Condensed Consolidated Statement of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Condensed Consolidated Statement of Earnings        
Net Sales $ 5,333 $ 5,170 $ 10,218 $ 10,067
Cost of products sold, excluding amortization of intangible assets 2,287 2,218 4,427 4,299
Amortization of Intangible Assets 145 151 289 307
Research and development 348 345 727 658
Selling, general and administrative 1,737 1,727 3,435 3,464
Total operating cost and expenses 4,517 4,441 8,878 8,728
Operating earnings 816 729 1,340 1,339
Interest expense 103 44 161 81
Interest (income) (20) (27) (53) (48)
Net foreign exchange loss (gain) 10 5 488 (49)
Other expense (income), net 8 (279) 27 (284)
Earnings from continuing operations before tax 715 986 717 1,639
Taxes on earnings from continuing operations 116 200 62 324
Earnings from continuing operations 599 786 655 1,315
Earnings (loss) from discontinued operations, net of tax 16 (1) 260 25
Gain (loss) on sale of discontinued operations, net of tax   (1) 16 1,736
Net earnings (loss) from discontinued operations, net of tax 16 (2) 276 1,761
Net Earnings $ 615 $ 784 $ 931 $ 3,076
Basic Earnings Per Common Share -        
Continuing operations (in dollars per share) $ 0.40 $ 0.52 $ 0.44 $ 0.87
Discontinued operations (in dollars per share) 0.01   0.19 1.17
Net earnings (in dollars per share) 0.41 0.52 0.63 2.04
Diluted Earnings Per Common Share -        
Continuing operations (in dollars per share) 0.40 0.52 0.44 0.87
Discontinued operations (in dollars per share) 0.01   0.19 1.16
Net earnings (in dollars per share) 0.41 0.52 0.63 2.03
Cash Dividends Declared Per Common Share $ 0.26 $ 0.24 $ 0.52 $ 0.48
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares) 1,474,504 1,493,771 1,476,161 1,500,285
Dilutive Common Stock Options (in shares) 5,988 10,444 6,165 10,676
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options (in shares) 1,480,492 1,504,215 1,482,326 1,510,961
Outstanding Common Stock Options Having No Dilutive Effect (in shares) 5,673 658 5,673 658