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Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net sales      
Total net sales $ 65,398 $ 59,812 $ 53,762
Cost of sales      
Total cost of sales (56,744) (51,445) (46,488)
Severance charges (27) 0 (96)
Gross profit 8,654 8,367 7,274
Other (expense) income, net (10) 178 60
Operating profit 8,644 8,545 7,334
Interest expense (591) (653) (668)
Other non-operating income (expense), net 182 (651) (828)
Earnings from continuing operations before income taxes 8,235 7,241 5,838
Income tax expense (1,347) (1,011) (792)
Net earnings from continuing operations 6,888 6,230 5,046
Net loss from discontinued operations (55) 0 0
Net earnings $ 6,833 $ 6,230 $ 5,046
Basic      
Continuing operations (in dollars per share) $ 24.60 $ 22.09 $ 17.74
Discontinued operations (in dollars per share) (0.20) 0 0
Basic earnings per common share (in dollars per share) 24.40 22.09 17.74
Diluted      
Continuing operations (in dollars per share) 24.50 21.95 17.59
Discontinued operations (in dollars per share) (0.20) 0 0
Diluted earnings per common share (in dollars per share) $ 24.30 $ 21.95 $ 17.59
Products      
Net sales      
Total net sales $ 54,928 $ 50,053 $ 45,005
Cost of sales      
Total cost of sales (48,996) (44,589) (40,293)
Services      
Net sales      
Total net sales 10,470 9,759 8,757
Cost of sales      
Total cost of sales (9,371) (8,731) (7,738)
Other unallocated, net      
Cost of sales      
Total cost of sales $ 1,650 $ 1,875 $ 1,639