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Consolidated Results of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Sales and revenues:      
Sales of Machinery and Power Systems $ 63,068 $ 57,392 $ 39,867
Revenues of Financial Products 2,807 2,746 2,721
Total sales and revenues 65,875 60,138 42,588
Operating costs:      
Cost of goods sold 47,055 43,578 30,367
Selling, general and administrative expenses 5,919 5,203 4,248
Research and development expenses 2,466 2,297 1,905
Interest expense of Financial Products 797 826 914
Goodwill impairment charge 580 0 0
Other operating (income) expenses 485 1,081 1,191
Total operating costs 57,302 52,985 38,625
Operating profit 8,573 7,153 3,963
Interest expense excluding Financial Products 467 396 343
Other income (expense) 130 (32) 130
Consolidated profit before taxes 8,236 6,725 3,750
Provision (benefit) for income taxes 2,528 1,720 968
Profit of consolidated companies 5,708 5,005 2,782
Equity in profit (loss) of unconsolidated affiliated companies 14 (24) (24)
Profit of consolidated and affiliated companies 5,722 4,981 2,758
Less: Profit (loss) attributable to noncontrolling interests 41 53 58
Profit $ 5,681 [1] $ 4,928 [1] $ 2,700 [1]
Profit per common share (in dollars per share) $ 8.71 $ 7.64 $ 4.28
Profit per common share - diluted (in dollars per share) $ 8.48 [2] $ 7.40 [2] $ 4.15 [2]
Weighted-average common shares outstanding (millions)      
Basic (in shares) 652.6 645.0 631.5
Diluted (in shares) 669.6 [2] 666.1 [2] 650.4 [2]
Cash dividends declared per common share (in dollars per share) $ 2.02 $ 1.82 $ 1.74
[1] 1 Profit attributable to common stockholders.
[2] 2 Diluted by assumed exercise of stock-based compensation awards, using the treasury stock method.