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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
shares in Millions, $ 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 $ 5,422 $ 4,996 $ 10,665 $ 9,774
Cost of sales 2,006 1,815 3,916 3,577
Gross profit 3,416 3,181 6,749 6,197 Close
Research, development and engineering expenses 363 346 731 685
Selling, general and administrative expenses 1,847 1,709 3,687 3,490
Amortization of intangible assets 155 161 308 322
Total operating expenses 2,365 2,216 4,726 4,497 Close
Operating income 1,051 965 2,023 1,700 Close
Other income (expense), net (53) (66) (102) (122) Close
Earnings before income taxes 998 899 1,921 1,578 Close
Income taxes 173 161 308 248 Close
Net earnings $ 825 $ 738 $ 1,613 $ 1,330 Close
Net earnings per share of common stock:        
Basic (in dollars per share) $ 2.17 $ 1.95 $ 4.24 $ 3.51
Diluted (in dollars per share) $ 2.14 $ 1.93 $ 4.19 $ 3.47
Weighted-average shares outstanding (in millions):        
Basic (in shares) 381.0 379.7 380.7 379.4
Effect of dilutive employee stock compensation (in shares) 4.4 4.2 4.5 4.2
Diluted (in shares) 385.4 383.9 385.2 383.6
Cash dividends declared per share of common stock (in dollars per share) $ 0.80 $ 0.75 $ 1.60 $ 1.50