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Consolidated Statements Of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenues $ 15,126 $ 16,726 $ 46,377 $ 48,327
Cost of Products Sold 14,084 15,648 43,276 45,349
Gross Profit 1,042 1,078 3,101 2,978
Selling, general, and administrative expenses 636 578 1,938 1,839
Asset impairment, exit, and restructuring costs 4 53 61 200
Interest Expense 100 97 270 307
Equity in (earnings) losses of unconsolidated affiliates (160) (88) (403) (279)
Interest Income (16) (47) (71) (142)
Other (Income) Expense - Net 278 (18) 179 (39)
Earnings Before Income Taxes 200 503 1,127 1,092
Income taxes (26) 95 38 212
Net earnings including noncontrolling interests 226 408 1,089 880
Less: Net earnings (losses) attributable to noncontrolling interests 1 1 4 5
Net Earnings Attributable to Controlling Interests $ 225 $ 407 $ 1,085 $ 875
Average number of shares outstanding - basic 561 562 561 564
Average number of shares outstanding - diluted 562 563 563 565
Earnings Per Share, Basic $ 0.40 $ 0.72 $ 1.93 $ 1.55
Earnings Per Share, Diluted 0.40 0.72 1.93 1.55
Dividends per common share $ 0.36 $ 0.35 $ 1.08 $ 1.05