XML 21 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statement of Results of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Sales and revenues:        
Sales and revenues $ 12,758 $ 13,510 $ 40,656 $ 40,380
Operating costs:        
Cost of Revenue 8,569 9,022 27,513 27,010
Selling, general and administrative expenses 1,251 1,299 3,879 4,015
Research and development expenses 431 479 1,307 1,384
Interest expense of Financial Products 189 185 571 533
Other operating (income) expenses 298 390 946 1,028
Total operating costs 10,738 11,375 34,216 33,970
Operating profit 2,020 2,135 6,440 6,410
Interest Expense Excluding Financial Products 103 102 309 305
Other income (expense) 88 102 316 350
Consolidated profit before taxes 2,005 2,135 6,447 6,455
Provision (benefit) for income taxes 518 415 1,470 1,377
Profit of consolidated companies 1,487 1,720 4,977 5,078
Equity in profit (loss) of unconsolidated affiliated companies 7 7 20 21
Profit of consolidated and affiliated companies 1,494 1,727 4,997 5,099
Less: Profit (loss) attributable to noncontrolling interests 0 0 2 0
Profit [1] $ 1,494 $ 1,727 $ 4,995 $ 5,099
Profit per common share (in dollars per share) $ 2.69 $ 2.92 $ 8.84 $ 8.57
Profit per common share - diluted (in dollars per share) [2] $ 2.66 $ 2.88 $ 8.75 $ 8.45
Weighted-average common shares outstanding (millions)        
Basic (in shares) 556.3 592.1 565.2 595.3
Diluted (in shares) [2] 561.2 599.4 570.8 603.8
Machinery, Energy & Transportation        
Sales and revenues:        
Sales and revenues $ 11,974 $ 12,763 $ 38,369 $ 38,192
Financial Products        
Sales and revenues:        
Sales and revenues $ 784 $ 747 $ 2,287 $ 2,188
[1] Profit attributable to common shareholders.
[2] Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.