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Consolidated Statement of Results of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Sales and revenues:    
Sales of Machinery, Energy & Transportation $ 12,493 $ 12,484
Revenues of Financial Products 748 726
Total sales and revenues 13,241 13,210
Operating costs:    
Cost of goods sold 9,437 9,639
Selling, general and administrative expenses 1,292 1,390
Research and development expenses 508 562
Interest expense of Financial Products 160 189
Other operating (income) expenses 446 212
Total operating costs 11,843 11,992
Operating profit 1,398 1,218
Interest expense excluding Financial Products 110 120
Other income (expense) 54 29
Consolidated profit before taxes 1,342 1,127
Provision (benefit) for income taxes 418 246
Profit of consolidated companies 924 881
Equity in profit (loss) of unconsolidated affiliated companies 1 1
Profit of consolidated and affiliated companies 925 882
Less: Profit (loss) attributable to noncontrolling interests 3 2
Profit $ 922 [1] $ 880 [1]
Profit per common share (in dollars per share) $ 1.47 $ 1.34
Profit per common share - diluted (in dollars per share) $ 1.44 [2] $ 1.31 [2]
Weighted-average common shares outstanding (millions)    
Basic (in shares) 626.7 656.2
Diluted (in shares) 639.3 [2] 671.6 [2]
Cash dividends declared per common share (in dollars per share) $ 0.00 $ 0.00
[1] 1 Profit attributable to common stockholders.
[2] 2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.