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Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net sales      
Total net sales $ 59,812 $ 53,762 $ 49,960
Cost of sales      
Total cost of sales (51,445) (46,488) (43,589)
Severance and restructuring charges 0 (96) 0
Gross profit 8,367 7,274 6,371
Other income, net 178 60 373
Operating profit 8,545 7,334 6,744
Interest expense (653) (668) (651)
Other non-operating expense, net (651) (828) (847)
Earnings from continuing operations before income taxes 7,241 5,838 5,246
Income tax expense (1,011) (792) (3,356)
Net earnings from continuing operations 6,230 5,046 1,890
Net earnings from discontinued operations 0 0 73
Net earnings $ 6,230 $ 5,046 $ 1,963
Basic      
Continuing operations (in dollars per share) $ 22.09 $ 17.74 $ 6.56
Discontinued operations (in dollars per share) 0 0 0.26
Basic earnings per common share (in dollars per share) 22.09 17.74 6.82
Diluted      
Continuing operations (in dollars per share) 21.95 17.59 6.50
Discontinued operations (in dollars per share) 0 0 0.25
Diluted earnings per common share (in dollars per share) $ 21.95 $ 17.59 $ 6.75
Products      
Net sales      
Total net sales $ 50,053 $ 45,005 $ 42,502
Cost of sales      
Total cost of sales (44,589) (40,293) (38,417)
Services      
Net sales      
Total net sales 9,759 8,757 7,458
Cost of sales      
Total cost of sales (8,731) (7,738) (6,673)
Other unallocated, net      
Cost of sales      
Total cost of sales $ 1,875 $ 1,639 $ 1,501