Consolidated Statements of Earnings - USD ($) $ in Millions |
12 Months Ended | ||||
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Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
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Revenue: | |||||
Products | $ 19,885 | $ 20,280 | $ 19,564 | ||
Services | 11,468 | 11,189 | 11,288 | ||
Revenue, total | 31,353 | 31,469 | 30,852 | ||
Operating costs and expenses: | |||||
Products | 15,443 | 15,871 | 15,335 | ||
Services | 9,661 | 9,468 | 9,644 | ||
General and administrative (G&A) | 1,940 | 1,952 | 1,984 | ||
Operating costs and expenses, Total | 27,044 | 27,291 | 26,963 | ||
Operating earnings | [1] | 4,309 | 4,178 | 3,889 | |
Interest, net | (91) | (83) | (86) | ||
Other, net | 13 | 7 | (1) | ||
Earnings from continuing operations before income tax | 4,231 | 4,102 | 3,802 | ||
Provision for income tax, net | 1,169 | 1,137 | 1,129 | ||
Earnings from continuing operations | 3,062 | 2,965 | 2,673 | ||
Discontinued operations, net of tax benefit of $51 in 2016, $7 in 2015 and $16 in 2014 | (107) | 0 | (140) | ||
Net earnings | $ 2,955 | $ 2,965 | $ 2,533 | ||
Basic: | |||||
Continuing operations | $ 10.05 | $ 9.23 | $ 7.97 | ||
Discontinued operations | (0.35) | 0.00 | (0.41) | ||
Net earnings | 9.70 | 9.23 | 7.56 | ||
Diluted: | |||||
Continuing operations | 9.87 | 9.08 | 7.83 | ||
Discontinued operations | (0.35) | 0.00 | (0.41) | ||
Net earnings | $ 9.52 | $ 9.08 | $ 7.42 | ||
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- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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