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1.0.0.3 false Summary of Quarterly Information (Unaudited) false 1 $ false false iso4217_USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 iso4217_USD_per_shares Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares 0 5 Summary of Quarterly Information (Unaudited) 3 us-gaap_QuarterlyFinancialInformationTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <div> Note 17 – Summary of Quarterly Information (Unaudited)   <table border="0" cellspacing="0" cellpadding="0" width="92%" align="center"> <tr> <td width="60%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="11" align="center">2009 Quarters (a)</td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">     (In millions, except per share data)</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">First</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">Second</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">Third (c)</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">Fourth (d)</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Net sales </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">10,373</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">11,236</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">11,056</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">12,524</td> </tr> <tr> <td valign="top"> Operating profit </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,057</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,083</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,085</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,241</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Net earnings </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">666</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">734</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">797</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">827</td> </tr> <tr> <td valign="top"> Basic earnings per share </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1.69</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1.90</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2.09</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2.19</td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 2px solid" valign="top"> Diluted earnings per share (b) </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom" align="right">1.68</td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom" align="right">1.88</td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom" align="right">2.07</td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom" align="right">2.17</td> </tr> <tr> <td height="16"></td> <td height="16" colspan="12"></td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="11" align="center">2008 Quarters (a)</td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">     (In millions, except per share data)</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">First (e)</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">Second (f)</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">Third (g)</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">Fourth (h)</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Net sales </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">9,983</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">11,039</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">10,577</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">11,132</td> </tr> <tr> <td valign="top"> Operating profit </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,178</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,363</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,242</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,348</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Net earnings </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">730</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">882</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">782</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">823</td> </tr> <tr> <td valign="top"> Basic earnings per share </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1.80</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2.21</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1.97</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2.08</td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 2px solid" valign="top"> Diluted earnings per share (b) </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom" align="right">1.75</td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom" align="right">2.15</td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom" align="right">1.92</td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">   </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 2px solid" valign="bottom" align="right">2.05</td> </tr> </table>   <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"> </td> <td valign="top" width="4%" align="left">(a)</td> <td valign="top" align="left"> It is our practice to close the books and records on the Sunday prior to the end of the calendar quarter to align our financial closing with our business processes. This practice only affects interim periods, as our fiscal year ends on December 31. </td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"> </td> <td valign="top" width="4%" align="left">(b)</td> <td valign="top" align="left"> The sum of the quarterly earnings per share amounts for 2009 and 2008 do not equal the diluted earnings per share amount included on the Statement of Earnings, primarily due to the dilutive effects of our convertible debentures in 2008 (see Note 2) and the timing of share repurchases during 2009 and 2008. </td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"> </td> <td valign="top" width="4%" align="left">(c)</td> <td valign="top" align="left"> Net earnings for the third quarter of 2009 included the recognition of tax benefits related to the resolution of issues with the IRS for tax years 2005-2007 (see Note 8), which increased net earnings by $58 million ($0.15 per share). </td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"> </td> <td valign="top" width="4%" align="left">(d)</td> <td valign="top" align="left"> Net earnings for the fourth quarter of 2009 included the recognition of tax benefits related to the resolution of issues with the IRS for tax year 2008 (see Note 8), which increased net earnings by $11 million ($0.03 per share). </td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"> </td> <td valign="top" width="4%" align="left">(e)</td> <td valign="top" align="left"> Net earnings for the first quarter of 2008 included a portion of the deferred gain recognized in connection with the transaction to sell our ownership interests in LKEI and ILS (see Note 14), which increased net earnings by $10 million ($0.02 per share). </td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"> </td> <td valign="top" width="4%" align="left">(f)</td> <td valign="top" align="left"> Net earnings for the second quarter of 2008 included a gain related to the elimination of reserves associated with various land sales that occurred in prior years (see Note 14), which increased net earnings by $56 million ($0.14 per share). </td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"> </td> <td valign="top" width="4%" align="left">(g)</td> <td valign="top" align="left"> Net earnings for the third quarter of 2008 included a portion of the deferred gain recognized in connection with the transaction to sell our ownership interests in LKEI and ILS (see Note 14), which increased net earnings by $28 million ($0.07 per share). </td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"> </td> <td valign="top" width="4%" align="left">(h)</td> <td valign="top" align="left"> Net earnings for the fourth quarter of 2008 included the final portion of the deferred gain recognized in connection with the transaction to sell our ownership interests in LKEI and ILS (see Note 14), which increased net earnings by $32 million ($0.08 per share). Also, net earnings for the fourth quarter of 2008 increased by $36 million ($0.09 per share) due to the recognition of a tax benefit related to the impact of the Emergency Economic Stabilization Act of 2008, which retroactively extended the research and development tax credit from January 1, 2008 to December 31, 2009. </td> </tr> </table> </div> Note 17 – Summary of Quarterly Information (Unaudited)        2009 Quarters (a)     (In false false No definition available. No authoritative reference available. false false 1 1 false UnKnown UnKnown UnKnown false true