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Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net sales      
Total net sales $ 67,044 $ 65,398 $ 59,812
Cost of sales      
Total cost of sales (57,983) (56,744) (51,445)
Severance and restructuring charges (36) (27) 0
Gross profit 9,061 8,654 8,367
Other income (expense), net 62 (10) 178
Operating profit 9,123 8,644 8,545
Interest expense (569) (591) (653)
Non-service FAS pension (expense) income (1,292) 219 (577)
Other non-operating income (expense), net 288 (37) (74)
Earnings from continuing operations before income taxes 7,550 8,235 7,241
Income tax expense (1,235) (1,347) (1,011)
Net earnings from continuing operations 6,315 6,888 6,230
Net loss from discontinued operations 0 (55) 0
Net earnings $ 6,315 $ 6,833 $ 6,230
Basic      
Continuing operations (in dollars per share) $ 22.85 $ 24.60 $ 22.09
Discontinued operations (in dollars per share) 0 (0.20) 0
Basic earnings per common share (in dollars per share) 22.85 24.40 22.09
Diluted      
Continuing operations (in dollars per share) 22.76 24.50 21.95
Discontinued operations (in dollars per share) 0 (0.20) 0
Diluted earnings per common share (in dollars per share) $ 22.76 $ 24.30 $ 21.95
Products      
Net sales      
Total net sales $ 56,435 $ 54,928 $ 50,053
Cost of sales      
Total cost of sales (50,273) (48,996) (44,589)
Services      
Net sales      
Total net sales 10,609 10,470 9,759
Cost of sales      
Total cost of sales (9,463) (9,371) (8,731)
Other unallocated, net      
Cost of sales      
Total cost of sales $ 1,789 $ 1,650 $ 1,875