v2.4.0.6
Condensed Consolidated Statement of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2010
Jun. 30, 2009
Jun. 30, 2010
Jun. 30, 2009
Net Sales $ 8,826,014 $ 7,494,876 $ 16,524,368 $ 14,213,244
Cost of products sold 3,543,932 3,128,998 6,879,036 6,064,919
Research and development 857,698 670,206 1,588,065 1,320,949
Acquired in-process research and development 75,000   75,000  
Selling, general and administrative 2,743,418 2,024,252 4,905,818 4,095,197
Total Operating Cost and Expenses 7,220,048 5,823,456 13,447,919 11,481,065
Operating Earnings 1,605,966 1,671,420 3,076,449 2,732,179
Interest expense 134,488 136,969 252,689 261,159
Interest (income) (38,172) (33,877) (67,703) (69,921)
Net foreign exchange loss (gain) (40,883) 14,394 29,136 28,828
Other (income) expense, net (8,154) (13,104) (18,567) (987,404)
Earnings Before Taxes 1,558,687 1,567,038 2,880,894 3,499,517
Taxes on Earnings 267,037 278,933 586,229 772,775
Net Earnings $ 1,291,650 $ 1,288,105 $ 2,294,665 $ 2,726,742
Basic Earnings Per Common Share (in dollars per share) $ 0.83 $ 0.83 $ 1.48 $ 1.76
Diluted Earnings Per Common Share (in dollars per share) $ 0.83 $ 0.83 $ 1.47 $ 1.75
Cash Dividends Declared Per Common Share (in dollars per share) $ 0.44 $ 0.40 $ 0.88 $ 0.80
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares) 1,544,415 1,545,643 1,546,375 1,546,317
Dilutive Common Stock Options and Awards (in shares) 7,367 4,921 10,438 7,337
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options and Awards (in shares) 1,551,782 1,550,564 1,556,813 1,553,654
Outstanding Common Stock Options Having No Dilutive Effect (in shares) 66,601 90,451 66,601 67,391