Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K/A |
Net sales | | | | | | | | |
Total net sales | 65,984.0 | 67,044.0 | 65,398.0 | 59,812.0 | 53,762.0 | 49,960.0 | 47,290.0 | 40,536.0 |
Total net sales growth | -1.6% | 2.5% | 9.3% | 11.3% | 7.6% | 5.6% | 16.7% | 1.5% |
Cost of sales | | | | | | | | |
Total cost of sales | | | | | | | | |
Severance and other charges | 100.0 | 36.0 | 27.0 | | | | 19.0 | |
Other unallocated, net | 1,260.0 | 1,789.0 | 1,650.0 | | | | | -47.0 |
Total cost of sales | -57,697.0 | -57,983.0 | -56,744.0 | -51,445.0 | -46,584.0 | -43,589.0 | -41,889.0 | -36,044.0 |
Gross profit | 8,287.0 | 9,061.0 | 8,654.0 | 8,367.0 | 7,274.0 | 6,371.0 | 5,401.0 | 4,492.0 |
Gross margin | 12.6% | 13.5% | 13.2% | 14.0% | 13.5% | 12.8% | 11.4% | 11.1% |
Other income (expense), net | 61.0 | 62.0 | -10.0 | 178.0 | 60.0 | 373.0 | 487.0 | 220.0 |
Operating profit | 8,348.0 | 9,123.0 | 8,644.0 | 8,545.0 | 7,334.0 | 6,744.0 | 5,888.0 | 4,712.0 |
Operating margin | 12.7% | 13.6% | 13.2% | 14.3% | 13.6% | 13.5% | 12.5% | 11.6% |
Interest expense | -623.0 | -569.0 | -591.0 | -653.0 | -668.0 | -651.0 | -663.0 | -443.0 |
Other non-operating (expense) income, net | -74.0 | 288.0 | -37.0 | -74.0 | -828.0 | -847.0 | -471.0 | 30.0 |
Earnings from continuing operations before income taxes | 6,680.0 | 7,550.0 | 8,235.0 | 7,241.0 | 5,838.0 | 5,246.0 | 4,754.0 | 4,299.0 |
Income tax expense | -948.0 | -1,235.0 | -1,347.0 | -1,011.0 | -792.0 | -3,356.0 | -1,093.0 | -1,173.0 |
Net earnings from continuing operations | 5,732.0 | 6,315.0 | 6,888.0 | 6,230.0 | 5,046.0 | 1,890.0 | 3,661.0 | 3,126.0 |
Net loss from discontinued operations | | | -55.0 | | | 73.0 | 1,512.0 | 479.0 |
Net earnings | 5,732.0 | 6,315.0 | 6,833.0 | 6,230.0 | 5,046.0 | 1,963.0 | 5,173.0 | 3,605.0 |
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Earnings (loss) per common share | | | | | | | | |
Basic | | | | | | | | |
Continuing operations (in dollars per share) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Discontinued operations (in dollars per share) | | | 0.0 | | | 0.0 | 0.0 | 0.0 |
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Basic earnings per common share (in dollars per share) | $21.74 | $22.85 | $24.40 | $22.09 | $17.74 | $6.82 | $17.28 | $11.62 |
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Diluted | | | | | | | | |
Continuing operations (in dollars per share) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Discontinued operations (in dollars per share) | | | 0.0 | | | 0.0 | 0.0 | 0.0 |
Diluted earnings per common share (in dollars per share) | $21.66 | $22.76 | $24.30 | $21.95 | $17.59 | $6.75 | $17.07 | $11.46 |
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