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Consolidated Statement of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Consolidated Statement of Earnings      
Net Sales $ 43,075 $ 34,608 $ 31,904
Cost of products sold, excluding amortization of intangible assets 18,537 15,003 13,231
Amortization of intangible assets 2,047 2,132 1,936
Research and development 2,742 2,420 2,440
Selling, general and administrative 11,324 9,696 9,765
Total Operating Cost and Expenses 34,650 29,251 27,372
Operating Earnings 8,425 5,357 4,532
Interest expense 533 546 670
Interest income (43) (46) (94)
Net foreign exchange (gain) loss 1 (8) 7
Debt extinguishment costs     63
Other (income) expense, net (277) (103) (191)
Earnings from Continuing Operations Before Taxes 8,211 4,968 4,077
Taxes on Earnings from Continuing Operations 1,140 497 390
Earnings from Continuing Operations 7,071 4,471 3,687
Net Earnings from Discontinued Operations, net of taxes   24  
Net Earnings $ 7,071 $ 4,495 $ 3,687
Basic Earnings Per Common Share --      
Continuing Operations $ 3.97 $ 2.51 $ 2.07
Discontinued Operations   0.01  
Net Earnings 3.97 2.52 2.07
Diluted Earnings Per Common Share --      
Continuing Operations 3.94 2.49 2.06
Discontinued Operations   0.01  
Net Earnings $ 3.94 $ 2.50 $ 2.06
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share 1,775 1,773 1,768
Dilutive Common Stock Options 14 13 13
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options 1,789 1,786 1,781
Outstanding Common Stock Options Having No Dilutive Effect   9 61