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Consolidated Statement of Results of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Sales and revenues:        
Sales of Machinery and Power Systems $ 16,684 $ 13,535 $ 31,972 $ 25,812
Revenues of Financial Products 690 695 1,383 1,367
Total sales and revenues 17,374 14,230 33,355 27,179
Operating costs:        
Cost of goods sold 12,280 10,303 23,517 19,360
Selling, general and administrative expenses 1,517 1,257 2,857 2,356
Research and development expenses 632 584 1,219 1,109
Interest expense of Financial Products 198 209 402 412
Other operating (income) expenses 131 276 421 508
Total operating costs 14,758 12,629 28,416 23,745
Operating profit 2,616 1,601 4,939 3,434
Interest expense excluding Financial Products 110 90 223 177
Other income (expense) 70 (161) 158 (144)
Consolidated profit before taxes 2,576 1,350 4,874 3,113
Provision for income taxes 872 318 1,561 830
Profit of consolidated companies 1,704 1,032 3,313 2,283
Equity in profit (loss) of unconsolidated affiliated companies 5 (10) 7 (18)
Profit of consolidated and affiliated companies 1,709 1,022 3,320 2,265
Less: Profit attributable to noncontrolling interests 10 7 35 25
Profit $ 1,699 [1] $ 1,015 [1] $ 3,285 [1] $ 2,240 [1]
Profit per common share (in dollars per share) $ 2.60 $ 1.57 $ 5.04 $ 3.48
Profit per common share - diluted (in dollars per share) $ 2.54 [2] $ 1.52 [2] $ 4.90 [2] $ 3.36 [2]
Weighted-average common shares outstanding (millions) -        
Basic (in shares) 652.9 645.5 651.3 643.3
Diluted (in shares) 669.6 [2] 667.2 [2] 669.9 [2] 666.0 [2]
Cash dividends declared per common share (in dollars per share) $ 0.98 $ 0.90 $ 0.98 $ 0.90
[1] 1 Profit attributable to common stockholders.
[2] 2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.