Fiscal period | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
Period End Date | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 |
Net Sales | 15,845.00 | 18,246.00 | 17,652.00 | 16,802.00 | 13,834.00 | 15,146.00 | 15,374.00 | 14,750.00 | 14,751.00 | 15,330.00 |
Total Revenues | 15,845.00 | 18,246.00 | 17,652.00 | 16,802.00 | 13,834.00 | 15,146.00 | 15,374.00 | 14,750.00 | 14,751.00 | 15,330.00 |
Cost of sales | 9,252.00 | 10,745.00 | 11,096.00 | 10,286.00 | 7,777.00 | 8,653.00 | 9,001.00 | 8,204.00 | 8,063.00 | 8,591.00 |
Depreciation | 360.00 | 391.00 | 388.00 | 389.00 | 371.00 | 375.00 | 354.00 | 331.00 | 341.00 | 363.00 |
Amortization | 132.00 | 167.00 | 166.00 | 172.00 | 138.00 | 136.00 | 143.00 | 129.00 | 121.00 | 132.00 |
Research and development | 423.00 | 433.00 | 448.00 | 439.00 | 379.00 | 432.00 | 441.00 | 453.00 | 466.00 | 486.00 |
In-process research and development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Selling, general and administrative | 3,391.00 | 4,222.00 | 3,842.00 | 3,780.00 | 3,389.00 | 3,604.00 | 3,573.00 | 3,570.00 | 3,662.00 | 3,679.00 |
Business restructuring | 233.00 | -- | 33.00 | 31.00 | 174.00 | 176.00 | 66.00 | -- | 197.00 | 140.00 |
Interest expense | 241.00 | 247.00 | 167.00 | 121.00 | 138.00 | 132.00 | 118.00 | 105.00 | 125.00 | 126.00 |
Impairment charges | 146.00 | 160.00 | -- | 21.00 | 93.00 | -- | -- | -- | -- | -- |
Asbestos settlement - net | -- | -- | -- | (133.00) | -- | -- | -- | -- | 5.00 | 12.00 |
Interest income | 177.00 | 140.00 | 54.00 | 26.00 | 23.00 | 32.00 | 23.00 | 20.00 | 26.00 | 40.00 |
Other charges | 8.00 | (83.00) | (245.00) | (29.00) | (104.00) | (98.00) | (122.00) | (64.00) | (178.00) | (104.00) |
Other earnings | -- | -- | 60.00 | 172.00 | 68.00 | 89.00 | 114.00 | 154.00 | 176.00 | 145.00 |
Debt refinancing charge | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Pension settlement charges | -- | (190.00) | -- | (50.00) | -- | -- | -- | (60.00) | (968.00) | -- |
Pre-Tax Income | 1,852.00 | 1,748.00 | 1,381.00 | 1,815.00 | 1,362.00 | 1,661.00 | 1,693.00 | 2,008.00 | 827.00 | 1,882.00 |
Current income taxes: U.S. federal | 67.00 | 102.00 | 137.00 | 25.00 | -- | 86.00 | 7.00 | 182.00 | (232.00) | 158.00 |
Current income taxes: Non-U.S | 490.00 | 504.00 | 325.00 | 301.00 | -- | 296.00 | 297.00 | 349.00 | 337.00 | 276.00 |
Current income taxes: State and local - U.S | 15.00 | 16.00 | 20.00 | 13.00 | -- | 15.00 | 4.00 | 49.00 | (19.00) | 22.00 |
Deferred income taxes: U.S. federal | (2.00) | (153.00) | (79.00) | 12.00 | -- | (1.00) | 44.00 | 105.00 | 153.00 | 29.00 |
Deferred income taxes: Non-U.S | (87.00) | (16.00) | (71.00) | 20.00 | -- | (17.00) | (6.00) | (53.00) | (8.00) | 7.00 |
Deferred income taxes: State and local - U.S | (8.00) | (14.00) | (7.00) | 3.00 | -- | 13.00 | 7.00 | (16.00) | 10.00 | (36.00) |
Provision for Income Taxes - Total | 475.00 | 439.00 | 325.00 | 374.00 | 291.00 | 392.00 | 353.00 | 616.00 | 241.00 | 456.00 |
Deferred income taxes : One-time charge, tax law change | -- | (183.00) | -- | -- | -- | -- | -- | -- | -- | -- |
Minority interest | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Income from continuing operations, net of tax | 1,377.00 | 1,309.00 | 1,056.00 | 1,441.00 | 1,071.00 | 1,269.00 | 1,340.00 | 1,392.00 | 586.00 | 1,426.00 |
Earnings (loss) from operation of discontinued operations | (228.00) | -- | (2.00) | 19.00 | 3.00 | -- | 18.00 | 220.00 | 313.00 | 1.00 |
Income Before Cumulative Effect Of Accounting Change | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of accounting change | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net income before attribution of controlling & noncontrolling interests | 1,149.00 | -- | 1,054.00 | 1,460.00 | 1,074.00 | 1,269.00 | 1,358.00 | 1,612.00 | 899.00 | 1,427.00 |
Less : Net income attributable to noncontrolling interests | 33.00 | 39.00 | 28.00 | 21.00 | 15.00 | 26.00 | 17.00 | 21.00 | 22.00 | 21.00 |
Net Income (Loss) Available to Common Shareholders | 1,116.00 | 1,270.00 | 1,026.00 | 1,439.00 | 1,059.00 | 1,243.00 | 1,341.00 | 1,591.00 | 877.00 | 1,406.00 |
Continuing Operations- (Basic) | 5.75 | 5.38 | 4.35 | 5.98 | 4.46 | 5.25 | 5.43 | 5.35 | 2.12 | 5.18 |
Income before cumulative effect of accounting change | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
EPS (Basic) : Discontinued operations | (0.98) | -- | (0.01) | 0.08 | 0.01 | -- | 0.07 | 0.86 | 1.18 | -- |
EPS (Basic) - Cumulative Effect of Accounting Change, Net of Tax | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings Per Share (Basic) | 4.77 | 5.38 | 4.34 | 6.06 | 4.47 | 5.25 | 5.50 | 6.21 | 3.30 | 5.18 |
Continuing Operations- (Diluted) | 5.72 | 5.35 | 4.33 | 5.93 | 4.44 | 5.22 | 5.40 | 5.32 | 2.11 | 5.14 |
Income before cumulative effect of accounting change | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
EPS (Diluted) : Discontinued operations | (0.97) | -- | (0.01) | 0.08 | 0.01 | -- | 0.07 | 0.85 | 1.17 | -- |
EPS (Diluted) - Cumulative effect of accounting change, net of tax | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings Per Share (Diluted) | 4.75 | 5.35 | 4.32 | 6.01 | 4.45 | 5.22 | 5.47 | 6.17 | 3.28 | 5.14 |
Weighted Average Shares Outstanding (Basic) | 233.80 | 236.00 | 236.10 | 237.60 | 236.80 | 236.90 | 243.90 | 256.10 | 265.60 | 271.40 |
Weighted average shares outstanding (Diluted) | 234.90 | 237.20 | 237.30 | 239.40 | 237.90 | 238.20 | 245.40 | 257.80 | 267.40 | 273.60 |