v3.26.3
CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Net sales $ 6,520 $ 6,057 $ 19,129 $ 17,945
Cost of sales 2,272 2,205 6,573 6,508
Gross profit 4,248 3,852 12,556 11,437
Research, development and engineering expenses 433 410 1,280 1,222
Selling, general and administrative expenses 2,313 2,045 6,823 6,424
Amortization of intangible assets 175 189 530 543
Goodwill and other impairments 293 73 294 163
Total operating expenses 3,214 2,717 8,927 8,352
Operating income 1,034 1,135 3,629 3,085
Interest expense (143) (157) (432) (453)
Other income 106 51 214 177
Earnings before income taxes 997 1,029 3,411 2,809
Income taxes 244 170 637 412
Net earnings $ 753 $ 859 $ 2,774 $ 2,397
Net earnings per share of common stock:        
Basic (in dollars per share) $ 1.97 $ 2.25 $ 7.24 $ 6.27
Diluted (in dollars per share) $ 1.96 $ 2.22 $ 7.19 $ 6.20
Weighted-average shares outstanding (in millions):        
Basic (in shares) 382.2 382.4 382.9 382.1
Effect of dilutive employee stock compensation (in shares) 2.5 4.3 2.9 4.4
Diluted (in shares) 384.7 386.7 385.8 386.5
Cash dividends declared per share of common stock (in dollars per share) $ 0.88 $ 0.84 $ 2.64 $ 2.52