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Condensed Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 10,377 $ 9,978 $ 20,341 $ 19,725 CloseClose
Cost of products sold, excluding amortization of intangible assets 4,603 4,483 9,066 8,814
Amortization of intangible assets 471 498 943 989
Research and development 698 715 1,382 1,369
Selling, general and administrative 2,936 2,740 5,895 5,502
Total operating cost and expenses 8,708 8,436 17,286 16,674 CloseClose
Operating earnings 1,669 1,542 3,055 3,051 CloseClose
Interest expense 140 159 281 312 Close
Interest (income) (82) (98) (162) (199) Close
Net foreign exchange (gain) loss (6) 21 (6) 27 Close
Other (income) expense, net 10 (176) (101) (287) CloseCloseClose
Total Other Income Expenses 62.0 -94.0 12.0 -147.0 0.0 Close
Earnings before taxes 1,607 1,636 3,043 3,198 CloseCloseClose
Taxes on earnings 305 261 516 505 CloseClose
Net Earnings $ 1,302 $ 1,375 $ 2,527 $ 2,693 CloseClose
Basic Earnings Per Common Share (in dollars per share) $ 0.74 $ 0.79 $ 1.45 $ 1.54
Diluted Earnings Per Common Share (in dollars per share) $ 0.74 $ 0.78 $ 1.44 $ 1.53
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares) 1,743,040 1,740,359 1,741,595 1,741,051
Dilutive Common Stock Options (in shares) 8,113 9,889 8,781 9,933
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options (in shares) 1,751,153 1,750,248 1,750,376 1,750,984
Outstanding Common Stock Options Having No Dilutive Effect (in shares) 8,855 5,474 6,892 5,474