| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Sales | ||||||
7,320 | 6,452 | 5,756 | 5,378 | 6,178 | 6,337 | |
Cost of sales | ||||||
3,639 | 3,131 | 2,834 | 2,692 | 3,178 | 3,288 | |
Gross profit | ||||||
3,680 | 3,321 | 2,921 | 2,685 | 3,000 | 3,049 | |
Operating costs: | ||||||
Selling, general and administrative expenses | ||||||
2,219 | 1,728 | 1,409 | 1,272 | 1,352 | 1,416 | |
Research and development expenses | ||||||
456 | 414 | 369 | 351 | 377 | 387 | |
Operating profit | ||||||
1,004 | 1,178 | 1,143 | 1,061 | 1,269 | 1,245 | |
Non-operating expenses, net: | ||||||
Gains from acquisition and combination of business | ||||||
40 | 0 | 15 | - | - | - | |
Gain (Loss) on Disposition of Business | ||||||
- | - | - | 0 | 0 | - | |
Gain on sale of product line | ||||||
- | - | - | - | - | 33 | |
Interest expense, net | ||||||
164 | 97 | 88 | 46 | - | 0 | |
Other non-operating expenses, net | ||||||
-6 | -3 | 4 | -4 | 0 | - | |
Earnings from continuing operations before income taxes | ||||||
874 | 1,078 | 1,073 | 1,010 | 1,269 | 1,279 | |
Income taxes | ||||||
149 | 160 | 189 | 270 | 405 | 395 | |
Net earnings from continuing operations | ||||||
725 | 918 | 884 | 740 | - | - | |
Earnings (loss) from discontinued operations, net of income taxes | ||||||
13 | 1,995 | 160 | 132 | - | - | |
Net earnings | ||||||
738 | 2,913 | 1,044 | 872 | 863 | 883 | |
Mandatory convertible preferred dividends | ||||||
69 | 34 | 0 | 0 | - | - | |
Net earnings attributable to common stockholders | ||||||
669 | 2,878 | 1,044 | 872 | - | - | |
Net earnings per common share from continuing operations: | ||||||
Net earnings per common share from continuing operations - basic (in dollars per share) | ||||||
1.95 | 2.56 | 2.54 | 2.14 | - | - | |
Net earnings per common share from continuing operations - diluted (in dollars per share) | ||||||
1.93 | 2.52 | 2.51 | 2.13 | - | - | |
Net earnings per share from discontinued operations: | ||||||
Net earnings per share from discontinued operations - basic (in dollars per share) | ||||||
0.04 | 5.78 | 0.46 | 0.38 | - | - | |
Net earnings per share from discontinued operations - diluted (in dollars per share) | ||||||
0.04 | 5.69 | 0.45 | 0.38 | - | - | |
Net earnings per share: | ||||||
Net earnings per share - Basic (in dollars per share) | ||||||
1.99 | 8.33 | 3.01 | 2.52 | 2.50 | 2.56 | |
Net earnings per share - Diluted (in dollars per share) | ||||||
1.97 | 8.21 | 2.96 | 2.51 | 2.50 | 2.56 | |
Weighted average common shares outstanding used in basic earnings per share (in shares) | ||||||
335 | 345 | 347 | 345 | 345 | 345 | |
Weighted average common shares outstanding used in diluted earnings per share (in shares) | ||||||
340 | 350 | 352 | 347 | 345 | 345 | |
Products | ||||||
Sales | ||||||
6,396 | 5,755 | 5,173 | 4,814 | - | - | |
Cost of sales | ||||||
3,050 | 2,657 | 2,440 | 2,302 | - | - | |
Services | ||||||
Sales | ||||||
923 | 697 | 582 | 564 | - | - | |
Cost of sales | ||||||
588 | 474 | 394 | 390 | - | - | |