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Consolidated Results of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Sales and revenues:      
Sales of Machinery and Power Systems $ 57,392 $ 39,867 $ 29,540
Revenues of Financial Products 2,746 2,721 2,856
Total sales and revenues 60,138 42,588 32,396
Operating costs:      
Cost of goods sold 43,578 30,367 23,886
Selling, general and administrative expenses 5,203 4,248 3,645
Research and development expenses 2,297 1,905 1,421
Interest expense of Financial Products 826 914 1,045
Other operating (income) expenses 1,081 1,191 1,822
Total operating costs 52,985 38,625 31,819
Operating profit 7,153 3,963 577
Interest expense excluding Financial Products 396 343 389
Other income (expense) (32) 130 381
Consolidated profit before taxes 6,725 3,750 569
Provision (benefit) for income taxes 1,720 968 (270)
Profit of consolidated companies 5,005 2,782 839
Equity in profit (loss) of unconsolidated affiliated companies (24) (24) (12)
Profit of consolidated and affiliated companies 4,981 2,758 827
Less: Profit (loss) attributable to noncontrolling interests 53 58 (68)
Profit $ 4,928 [1] $ 2,700 [1] $ 895 [1]
Profit per common share (in dollars per share) $ 7.64 $ 4.28 $ 1.45
Profit per common share - diluted (in dollars per share) $ 7.40 [2] $ 4.15 [2] $ 1.43 [2]
Weighted-average common shares outstanding (millions)      
Basic (in shares) 645.0 631.5 615.2
Diluted (in shares) 666.1 [2] 650.4 [2] 626.0 [2]
Cash dividends declared per common share (in dollars per share) $ 1.82 $ 1.74 $ 1.68
[1] Profit attributable to common stockholders.
[2] Diluted by assumed exercise of stock-based compensation awards, using the treasury stock method.