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Consolidated Statement of Results of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Sales and revenues:    
Sales and revenues $ 13,466 $ 12,859
Operating costs:    
Cost of Revenue 9,003 8,566
Selling, general and administrative expenses 1,319 1,276
Research and development expenses 435 443
Interest expense of Financial Products 190 166
Other operating (income) expenses 312 300
Total operating costs 11,259 10,751
Operating profit 2,207 2,108
Interest expense excluding Financial Products (103) (101)
Other income (expense) 160 127
Consolidated profit before taxes 2,264 2,134
Provision (benefit) for income taxes 387 472
Profit of consolidated companies 1,877 1,662
Equity in profit (loss) of unconsolidated affiliated companies 7 5
Profit of consolidated and affiliated companies 1,884 1,667
Less: Profit (loss) attributable to noncontrolling interests 3 2
Profit [1] $ 1,881 $ 1,665
Profit per common share (in dollars per share) $ 3.29 $ 2.78
Profit per common share - diluted (in dollars per share) [2] $ 3.25 $ 2.74
Weighted-average common shares outstanding (millions)    
Basic (in shares) 572.4 598.0
Diluted (in shares) [2] 578.8 608.0
Machinery, Energy & Transportation    
Sales and revenues:    
Sales and revenues $ 12,724 $ 12,150
Financial Products    
Sales and revenues:    
Sales and revenues $ 742 $ 709
[1] Profit attributable to common shareholders.
[2] Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.