v3.26.1
CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Net sales $ 6,020 $ 5,866
Cost of sales 2,210 2,122
Gross profit 3,810 3,744
Research, development and engineering expenses 413 405
Selling, general and administrative expenses 2,281 2,300
Amortization of intangible assets 180 167
Asset impairments 0 35
Total operating expenses 2,874 2,907
Operating income 936 837
Interest expense (148) (137)
Other income 62 64
Earnings before income taxes 850 764
Income taxes 105 110
Net earnings $ 745 $ 654
Net earnings per share of common stock:    
Basic (in dollars per share) $ 1.95 $ 1.71
Diluted (in dollars per share) $ 1.93 $ 1.69
Weighted-average shares outstanding (in millions):    
Basic (in shares) 382.9 381.7
Effect of dilutive employee stock compensation (in shares) 3.6 4.7
Diluted (in shares) 386.5 386.4
Cash dividends declared per share of common stock (in dollars per share) $ 0.88 $ 0.84