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Consolidated Results of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Sales and revenues:      
Sales of Machinery, Energy & Transportation $ 35,773 $ 44,147 $ 52,142
Revenues of Financial Products 2,764 2,864 3,042
Total sales and revenues 38,537 47,011 55,184
Operating costs:      
Cost of goods sold 28,309 33,546 40,718
Selling, general and administrative expenses 4,686 4,951 6,529
Research and development expenses 1,951 2,119 2,380
Interest expense of Financial Products 596 587 624
Goodwill impairment charge 595 0 0
Other operating (income) expenses 1,902 2,023 1,619
Total operating costs 38,039 43,226 51,870
Operating profit 498 3,785 3,314
Interest expense excluding Financial Products 505 507 484
Other income (expense) 146 161 322
Consolidated profit before taxes 139 3,439 3,152
Provision (benefit) for income taxes 192 916 692
Profit (loss) of consolidated companies (53) 2,523 2,460
Equity in profit (loss) of unconsolidated affiliated companies (6) 0 8
Profit (loss) of consolidated and affiliated companies (59) 2,523 2,468
Less: Profit (loss) attributable to noncontrolling interests 8 11 16
Profit (loss) [1] $ (67) $ 2,512 $ 2,452
Profit (loss) per common share (in dollars per share) $ (0.11) $ 4.23 $ 3.97
Profit (loss) per common share - diluted (in dollars per share) [2] $ (0.11) $ 4.18 $ 3.90
Weighted-average common shares outstanding (millions)      
Basic (in shares) 584.3 594.3 617.2
Diluted (in shares) [2] 584.3 601.3 628.9
Cash dividends declared per common share (in dollars per share) $ 3.08 $ 3.01 $ 2.70
[1] 1 Profit (loss) attributable to common stockholders.
[2] 2 Diluted by assumed exercise of stock-based compensation awards, using the treasury stock method.