XML 15 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statement of Earnings - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Condensed Consolidated Statement of Earnings    
Net sales $ 6,335 $ 4,885
Cost of products sold, excluding amortization of intangible assets 3,044 2,140
Amortization of intangible assets 522 144
Research and development 547 379
Selling, general and administrative 2,424 1,698
Total operating cost and expenses 6,537 4,361
Operating earnings (loss) (202) 524
Interest expense 226 58
Interest (income) (22) (33)
Net foreign exchange (gain) loss (16) 478
Other (income) expense, net (1,126) 19
Earnings from continuing operations before tax 736 2
Tax (benefit) expense on earnings from continuing operations 350 (54)
Earnings from continuing operations 386 56
Earnings from discontinued operations, net of tax 33 244
Gain on sale of discontinued operations, net of tax   16
Net earnings from discontinued operations, net of tax 33 260
Net Earnings $ 419 $ 316
Basic Earnings Per Common Share --    
Continuing operations (in dollars per share) $ 0.22 $ 0.04
Discontinued operations (in dollars per share) 0.02 0.17
Net earnings (in dollars per share) 0.24 0.21
Diluted Earnings Per Common Share --    
Continuing operations (in dollars per share) 0.22 0.04
Discontinued operations (in dollars per share) 0.02 0.17
Net earnings (in dollars per share) 0.24 0.21
Cash Dividends Declared Per Common Share $ 0.265 $ 0.26
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares) 1,727,356 1,477,332
Dilutive Common Stock Options (in shares) 7,839 6,341
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options (in shares) 1,735,195 1,483,673
Outstanding Common Stock Options Having No Dilutive Effect (in shares) 9,432 5,881