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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 4,909 $ 4,479 $ 14,683 $ 13,247
Cost of sales 1,751 1,697 5,328 4,905
Gross profit 3,158 2,782 9,355 8,342 Close
Research, development and engineering expenses 353 364 1,038 1,128
Selling, general and administrative expenses 1,701 1,455 5,188 4,704
Recall charges, net 9 (4) 12 14
Amortization of intangible assets 164 159 486 469
Total operating expenses 2,227 1,974 6,724 6,315 Close
Operating income 931 808 2,631 2,027 Close
Other income (expense), net (62) 8 (184) (105) Close
Earnings before income taxes 869 816 2,447 1,922 Close
Income taxes 177 0 425 127 Close
Net earnings $ 692 $ 816 $ 2,022 $ 1,795 Close
Net earnings per share of common stock:        
Basic (in dollars per share) $ 1.82 $ 2.16 $ 5.33 $ 4.75
Diluted (in dollars per share) $ 1.80 $ 2.14 $ 5.27 $ 4.70
Weighted-average shares outstanding (in millions):        
Basic (in shares) 379.8 378.4 379.5 378.1
Effect of dilutive employee stock compensation (in shares) 4.2 3.4 4.2 4.1
Diluted (in shares) 384.0 381.8 383.7 382.2
Cash dividends declared per share of common stock (in dollars per share) $ 0.75 $ 0.695 $ 2.25 $ 2.085