v3.25.4
Consolidated Statements Of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net sales $ 25,116 $ 22,595 $ 20,498
Cost of sales 9,051 8,155 7,440
Gross profit 16,065 14,440 13,058
Research, development and engineering expenses 1,623 1,466 1,388
Selling, general and administrative expenses 8,651 7,685 7,111
Amortization of intangible assets 732 623 635
Goodwill and other impairments 170 977 36
Total operating expenses 11,176 10,751 9,170
Operating income 4,889 3,689 3,888
Interest expense (607) (409) (363)
Other income 232 212 148
Earnings before income taxes 4,514 3,492 3,673
Income taxes 1,268 499 508
Net earnings $ 3,246 $ 2,993 $ 3,165
Net earnings per share of common stock:      
Basic net earnings per share of common stock (in dollars per share) $ 8.49 $ 7.86 $ 8.34
Diluted net earnings per share of common stock (in dollars per share) $ 8.40 $ 7.76 $ 8.25
Weighted-average shares outstanding (in millions):      
Basic (in shares) 382.2 381.0 379.6
Effect of dilutive employee stock compensation (in shares) 4.3 4.6 4.1
Diluted (in shares) 386.5 385.6 383.7