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 | 22,595.00 | 20,498.00 | 18,449.00 | 17,108.00 | 14,351.00 | 14,884.00 | 13,601.00 | 12,444.00 | 11,325.00 | 9,946.00 |
Total Revenues | 22,595.00 | 20,498.00 | 18,449.00 | 17,108.00 | 14,351.00 | 14,884.00 | 13,601.00 | 12,444.00 | 11,325.00 | 9,946.00 |
Cost of sales | 8,155.00 | 7,440.00 | 6,871.00 | 6,140.00 | 5,294.00 | 5,188.00 | 4,663.00 | 4,271.00 | 3,830.00 | 3,344.00 |
Gross Profit | 14,440.00 | 13,058.00 | 11,578.00 | 10,968.00 | 9,057.00 | 9,696.00 | 8,938.00 | 8,173.00 | 7,495.00 | 6,602.00 |
Intangibles amortization | 623.00 | 635.00 | 627.00 | 619.00 | 472.00 | 464.00 | 417.00 | 371.00 | 319.00 | -- |
Research, development and engineering expenses | 1,466.00 | 1,388.00 | 1,454.00 | 1,235.00 | 984.00 | 971.00 | 862.00 | 787.00 | 715.00 | 625.00 |
Purchased in-process research and development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Selling, general and administrative expenses | 7,685.00 | 7,129.00 | 6,455.00 | 6,427.00 | 5,361.00 | 5,356.00 | 5,099.00 | 4,552.00 | 4,137.00 | 3,610.00 |
Restructuring and acquisition-related items | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Intangible asset impairment | -- | -- | -- | -- | -- | -- | -- | -- | -- | (210.00) |
Goodwill impairment | (977.00) | -- | (216.00) | -- | -- | -- | -- | -- | -- | -- |
Property, plant and equipment impairment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Recall charges, net of insurance recoveries | -- | (18.00) | 15.00 | (103.00) | (17.00) | (192.00) | (23.00) | (173.00) | (158.00) | (296.00) |
Total Operating Expense | 10,751.00 | 9,170.00 | 8,737.00 | 8,384.00 | 6,834.00 | 6,983.00 | 6,401.00 | 5,883.00 | 5,329.00 | 4,741.00 |
Operating Income / (Loss) | 3,689.00 | 3,888.00 | 2,841.00 | 2,584.00 | 2,223.00 | 2,713.00 | 2,537.00 | 2,290.00 | 2,166.00 | 1,861.00 |
Interest expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Other income (expense) | (197.00) | (215.00) | (158.00) | (303.00) | (269.00) | (151.00) | (181.00) | (227.00) | (245.00) | (126.00) |
Intangibles amortization | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Pre-Tax Income | 3,492.00 | 3,673.00 | 2,683.00 | 2,281.00 | 1,954.00 | 2,562.00 | 2,356.00 | 2,063.00 | 1,921.00 | 1,735.00 |
Current: Federal | -- | -- | -- | -- | -- | -- | 178.00 | 836.00 | -- | 78.00 |
Current: State | -- | -- | -- | -- | -- | -- | 30.00 | 38.00 | -- | 23.00 |
Current Foreign | 289.00 | 430.00 | 279.00 | 272.00 | 207.00 | -- | 177.00 | 133.00 | 176.00 | 108.00 |
Deferred income tax expense (credit) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Provision for Income Taxes - Total | 499.00 | 508.00 | 325.00 | 287.00 | 355.00 | 479.00 | (1,197.00) | 1,043.00 | 274.00 | 296.00 |
Deferred income tax expense (benefit) : Foreign | 168.00 | 26.00 | 267.00 | (132.00) | 72.00 | -- | (1,518.00) | (39.00) | (17.00) | 77.00 |
Deferred income tax expense (benefit) : Federal | (462.00) | (212.00) | (179.00) | (82.00) | 1.00 | -- | (44.00) | 84.00 | (17.00) | 2.00 |
Deferred income tax expense (benefit) : State | (76.00) | (20.00) | (30.00) | (23.00) | (25.00) | -- | (20.00) | (9.00) | (12.00) | 8.00 |
Net earnings from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Earnings before extraordinary item | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Extraordinary loss, net of income taxes | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Income (Loss) Available to Common Shareholders | 2,993.00 | 3,165.00 | 2,358.00 | 1,994.00 | 1,599.00 | 2,083.00 | 3,553.00 | 1,020.00 | 1,647.00 | 1,439.00 |
Net earnings from continuing operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Before extraordinary item | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net earnings from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net gain on sale ofdiscontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Extraordinary loss - (Basic) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings Per Share (Basic) | 7.86 | 8.34 | 6.23 | 5.29 | 4.26 | 5.57 | 9.50 | 2.73 | 4.40 | 3.82 |
Net earnings from continuing operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Before extraordinary item | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net earnings from discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net gain on sale of discontinued operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Extraordinary loss (Diluted) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings Per Share (Diluted) | 7.76 | 8.25 | 6.17 | 5.21 | 4.20 | 5.48 | 9.34 | 2.68 | 4.35 | 3.78 |
Weighted Average Shares Outstanding (Basic) | 381.00 | 379.60 | 378.20 | 377.00 | 375.50 | 374.00 | 374.10 | 374.00 | 374.10 | 376.60 |
Weighted Average Shares Outstanding (Diluted) | 385.60 | 383.70 | 382.20 | 382.30 | 380.30 | 379.90 | 380.30 | 380.10 | 378.50 | 380.90 |