XML 19 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements Of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Revenues $ 64,355 $ 64,656 $ 64,341
Cost of products sold 59,902 60,509 60,160
Gross Profit 4,453 4,147 4,181
Selling, general and administrative expenses 2,687 2,493 2,165
Asset impairment, exit, and restructuring costs 80 303 171
Interest expense 339 402 364
Equity in earnings of unconsolidated affiliates (579) (454) (518)
(Gain) Loss on Extinguishment of Debt 409 0 0
Interest income (88) (192) (162)
Other Nonoperating Income (Expense) (278) 7 101
Earnings Before Income Taxes 1,883 1,588 2,060
Income tax expense 101 209 245
Net Earnings Including Noncontrolling Interests 1,782 1,379 1,815
Less:  Net earnings (losses) attributable to noncontrolling interests 10 0 5
Net Earnings Attributable to Controlling Interests $ 1,772 $ 1,379 $ 1,810
Average number of shares outstanding - basic 561 563 564
Average number of shares outstanding - diluted 563 565 567
Basic earnings per common share (dollars per share) $ 3.16 $ 2.45 $ 3.21
Diluted earnings per common share (dollars per share) $ 3.15 $ 2.44 $ 3.19