Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Results (Unaudited)

Quarterly Results (Unaudited)

Note 18 — Quarterly Results (Unaudited)


(in millions except per share data)		2019			2018
First Quarter
Continuing Operations:
Net Sales		$	7,535		$	7,390
Gross Profit			3,889			3,739
Earnings from Continuing Operations			672			409
Basic Earnings per Common Share			0.38			0.23
Diluted Earnings per Common Share			0.38			0.23
Net Earnings			672			418
Basic Earnings Per Common Share (a)			0.38			0.24
Diluted Earnings Per Common Share (a)			0.38			0.23
Second Quarter
Continuing Operations:
Net Sales		$	7,979		$	7,767
Gross Profit			4,217			3,923
Earnings from Continuing Operations			1,006			718
Basic Earnings per Common Share			0.57			0.41
Diluted Earnings per Common Share			0.56			0.40
Net Earnings			1,006			733
Basic Earnings Per Common Share (a)			0.57			0.42
Diluted Earnings Per Common Share (a)			0.56			0.41
Third Quarter
Continuing Operations:
Net Sales		$	8,076		$	7,656
Gross Profit			4,234			3,946
Earnings from Continuing Operations			960			552
Basic Earnings per Common Share			0.54			0.31
Diluted Earnings per Common Share			0.53			0.31
Net Earnings			960			563
Basic Earnings Per Common Share (a)			0.54			0.32
Diluted Earnings Per Common Share (a)			0.53			0.32
Fourth Quarter
Continuing Operations:
Net Sales		$	8,314		$	7,765
Gross Profit			4,397			4,086
Earnings from Continuing Operations			1,049			655
Basic Earnings per Common Share			0.59			0.37
Diluted Earnings per Common Share			0.59			0.37
Net Earnings			1,049			654
Basic Earnings Per Common Share (a)			0.59			0.37
Diluted Earnings Per Common Share (a)			0.59			0.37

(a)	The sum of the four quarters of earnings per share for 2019 and 2018 may not add to the full year earnings per share amount due to rounding and/or the use of quarter-to-date weighted average shares to calculate the earnings per share amount in each respective quarter.