23. Quarterly Results (Unaudited)


	1^st Q		2^nd Q		3^rd Q		4^th Q		Year
	(in millions, except per share amounts)
Sales
2014		1,868		1,641		1,731		1,911	$	7,151
2013		1,638		1,454		1,622		1,791	$	6,505
Gross margin⁽¹⁾
2014		646		525		574		629	$	2,374
2013		561		453		537		582	$	2,133
Operating profit⁽²⁾
2014		254		144		187		220	$	805
2013		215		106		162		181	$	664
Net income
2014		162		92		120		146	$	520
2013		138		66		104		121	$	429
Basic earnings per share:
2014		1.12		0.63		0.84		1.03	$	3.61
2013		0.92		0.44		0.70		0.83	$	2.89
Diluted earnings per share:
2014		1.10		0.63		0.82		1.01	$	3.56
2013		0.90		0.44		0.70		0.81	$	2.85

(1)

Gross margin represents sales less cost of sales.

(2)

Operating profit represents income before income taxes, interest expense, net, and non-operating income.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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