Impact of Adoption of New Standards Impact of Adoption of New Standards (Schedule of Accounting Changes) (Details) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Income Statement [Abstract] | | | | | | |
Sales of products | | $ 20,820 | $ 19,367 | | | |
Sales of services | | 2,562 | 2,594 | | | |
Revenues | | 23,382 | 21,961 | | | |
Cost of Goods Sold | | (16,816) | (16,062) | | | |
Cost of Services | | (1,992) | (1,998) | | | |
Financial Services Costs | | (16) | (13) | | | |
Cost of Revenue | | (18,824) | (18,073) | | | |
Gross Profit | | 4,558 | 3,888 | | | |
Income from operating investments, net | | 74 | 81 | | | |
General and Administrative Expense | | (997) | (929) | | | |
Research and Development Expense | | (764) | (836) | | | |
(Gain)/Loss on dispositions, net | | (4) | (2) | | | |
Earnings from operations | | 2,875 | 2,206 | | | |
Other income, net | | 66 | 26 | | | |
Interest and Debt Expense | | (102) | (87) | | | |
Earnings before income taxes | | 2,839 | 2,145 | | | |
Income tax expense | | (362) | (566) | | | |
Net earnings | | $ 2,477 | $ 1,579 | | | |
Earnings Per Share, Basic | | $ 4.19 | $ 2.57 | | | |
Earnings Per Share, Diluted | | $ 4.15 | $ 2.54 | | | |
Assets [Abstract] | | | | | | |
Short-term and other investments | | $ 656 | | $ 1,179 | | |
Accounts receivable, net | | 2,802 | | 2,894 | | |
Unbilled receivables, net | | 9,822 | | 8,194 | | |
Current portion of customer financing, net | | 244 | | 309 | | |
Inventories | | 61,303 | | 61,388 | | |
Other current assets | | 2,481 | | 2,417 | | |
Assets, Current | | 86,543 | | 85,194 | | |
Customer financing, net | | 2,753 | | 2,756 | | |
Property, plant and equipment, net | | 12,628 | | 12,672 | | |
Goodwill | | 5,558 | | 5,559 | | |
Acquired intangible assets, net | | 2,525 | | 2,573 | | |
Deferred income taxes | | 325 | | 321 | | |
Investments | | 1,248 | | 1,260 | | |
Other assets, net of accumulated amortization | | 1,969 | | 2,027 | | |
Assets | | 113,549 | | 112,362 | | |
Liabilities and equity | | | | | | |
Accounts payable | | 12,613 | | 12,202 | | |
Accrued liabilities | | 10,983 | | 13,069 | | |
Advances and billings in excess of related costs | | | | | | |
Advances and progress billings | | 49,955 | | 48,042 | | |
Short-term debt and current portion of long-term debt | | 1,981 | | 1,335 | | |
Total current liabilities | | 75,532 | | 74,648 | | |
Deferred income taxes | | 2,001 | | 2,188 | | |
Accrued retiree health care | | 5,494 | | 5,545 | | |
Accrued pension plan liability, net | | 16,279 | | 16,471 | | |
Other long-term liabilities | | 2,474 | | 2,015 | | |
Long-term debt | | 10,471 | | 9,782 | | |
Common stock | | 5,061 | | 5,061 | | |
Additional paid-in capital | | 6,624 | | 6,804 | | |
Treasury stock, at cost | | 46,396 | | 43,454 | | |
Retained earnings | | 52,095 | | 49,618 | | |
Accumulated other comprehensive loss | [1] | (16,162) | $ (13,415) | (16,373) | $ (13,623) | |
Total shareholders’ equity | | 1,222 | | 1,656 | | |
Noncontrolling interests | | 76 | | 57 | | |
Total equity | | 1,298 | 1,323 | 1,713 | 1,917 | |
Total liabilities and equity | | 113,549 | | 112,362 | | |
Cash flows - operation activities: | | | | | | |
Net earnings | | 2,477 | 1,579 | | | |
Non-cash items - | | | | | | |
Share-based plans expense | | 45 | 50 | | | |
Depreciation and amortization | | 501 | 468 | | | |
Asset Impairment Charges | | 20 | 23 | | | |
Customer financing valuation (benefit)/expense | | (1) | 7 | | | |
Gain on dispositions, net | | 4 | 2 | | | |
Other charges and credits, net | | 60 | 58 | | | |
Changes in assets and liabilities - | | | | | | |
Accounts receivable | | 92 | (264) | | | |
Unbilled receivables | | (1,628) | (568) | | | |
Advances and progress billings | | 1,917 | 1,375 | | | |
Inventories | | 283 | (1,491) | | | |
Other current assets | | (103) | (117) | | | |
Accounts payable | | 591 | 616 | | | |
Accrued liabilities | | (1,337) | (282) | | | |
Advances and billings in excess of related costs | | | | | | |
Income taxes receivable, payable and deferred | | 348 | 552 | | | |
Other long-term liabilities | | (243) | (72) | | | |
Pension and other postretirement plans | | (50) | 10 | | | |
Customer financing, net | | 44 | 231 | | | |
Other | | 124 | (75) | | | |
Net Cash Provided by (Used in) Operating Activities | | 3,136 | 2,098 | | | |
Cash flows - investing activities: | | | | | | |
Payments to Acquire Property, Plant, and Equipment | | (394) | (466) | | | |
Property, plant and equipment reductions | | 27 | 9 | | | |
Payments to Acquire Investments | | (249) | (605) | | | |
Proceeds from investments | | 752 | 803 | | | |
Other | | 3 | (1) | | | |
Net Cash Provided by (Used in) Investing Activities | | 119 | (260) | | | |
Cash flows - financing activities: | | | | | | |
New borrowings | | 2,687 | 872 | | | |
Debt repayments | | (1,371) | (34) | | | |
Stock options exercised | | 51 | 174 | | | |
Employee taxes on certain share-based payment arrangements | | (226) | (107) | | | |
Common shares repurchased | | (3,000) | (2,500) | | | |
Dividends paid | | (1,006) | (868) | | | |
Net cash used by financing activities | | (2,845) | (2,463) | | | |
Effect of exchange rate changes on cash and cash equivalents, including restricted | | 8 | 20 | | | |
Net increase/(decrease) in cash & cash equivalents, including restricted | | 418 | (605) | | | |
Cash & cash equivalents, including restricted, at beginning of year | | 8,887 | 8,869 | 8,869 | | |
Cash & cash equivalents, including restricted, at end of period | | 9,305 | 8,264 | 8,887 | 8,869 | |
Restricted Cash and Cash Equivalents | [2] | (70) | (74) | (74) | | |
Cash and cash equivalents at end of period | | 9,235 | 8,190 | 8,813 | | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | 1,298 | 1,323 | 1,713 | 1,917 | |
Common Stock [Member] | | | | | | |
Liabilities and equity | | | | | | |
Common stock | | | | 5,061 | | |
Total equity | | 5,061 | 5,061 | 5,061 | 5,061 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | 5,061 | 5,061 | 5,061 | 5,061 | |
Additional Paid-In Capital [Member] | | | | | | |
Liabilities and equity | | | | | | |
Additional paid-in capital | | | | 6,804 | | |
Total equity | | 6,624 | 4,604 | 6,804 | 4,762 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | 6,624 | 4,604 | 6,804 | 4,762 | |
Treasury Stock [Member] | | | | | | |
Liabilities and equity | | | | | | |
Treasury stock, at cost | | | | (43,454) | | |
Total equity | | (46,396) | (38,320) | (43,454) | (36,097) | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | (46,396) | (38,320) | (43,454) | (36,097) | |
Retained Earnings [Member] | | | | | | |
Income Statement [Abstract] | | | | | | |
Net earnings | | 2,477 | 1,579 | | | |
Liabilities and equity | | | | | | |
Total equity | | 52,095 | 43,333 | 49,618 | 41,754 | |
Cash flows - operation activities: | | | | | | |
Net earnings | | 2,477 | 1,579 | | | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | 52,095 | 43,333 | 49,618 | 41,754 | |
Accumulated Other Comprehensive Loss [Member] | | | | | | |
Liabilities and equity | | | | | | |
Total equity | | (16,162) | (13,415) | (16,373) | (13,623) | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | (16,162) | (13,415) | (16,373) | (13,623) | |
Non-Controlling Interest [Member] | | | | | | |
Liabilities and equity | | | | | | |
Noncontrolling interests | | | | 57 | | |
Total equity | | 76 | 60 | 57 | 60 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | $ 76 | 60 | 57 | 60 | |
Scenario, Previously Reported [Member] | | | | | | |
Income Statement [Abstract] | | | | | | |
Sales of products | | | 18,512 | | | |
Sales of services | | | 2,464 | | | |
Revenues | | | 20,976 | | | |
Cost of Goods Sold | | | (15,363) | | | |
Cost of Services | | | (1,888) | | | |
Cost of Revenue | | | (17,264) | | | |
Gross Profit | | | 3,712 | | | |
General and Administrative Expense | | | (933) | | | |
Research and Development Expense | | | (838) | | | |
Earnings from operations | | | 2,024 | | | |
Other income, net | | | 22 | | | |
Earnings before income taxes | | | 1,959 | | | |
Income tax expense | | | (508) | | | |
Net earnings | | | $ 1,451 | | | |
Earnings Per Share, Basic | | | $ 2.36 | | | |
Earnings Per Share, Diluted | | | $ 2.34 | | | |
Assets [Abstract] | | | | | | |
Accounts receivable, net | | | | 10,516 | | |
Unbilled receivables, net | | | | | | |
Inventories | | | | 44,344 | | |
Other current assets | | | | | | |
Assets, Current | | | | 65,161 | | |
Customer financing, net | | | | 2,740 | | |
Deferred income taxes | | | | 341 | | |
Assets | | | | 92,333 | | |
Liabilities and equity | | | | | | |
Accrued liabilities | | | | 15,292 | | |
Advances and billings in excess of related costs | | | | 27,440 | | |
Advances and progress billings | | | | | | |
Total current liabilities | | | | 56,269 | | |
Deferred income taxes | | | | 1,839 | | |
Total shareholders’ equity | | | | 355 | | |
Total equity | | | | 412 | 877 | |
Total liabilities and equity | | | | 92,333 | | |
Cash flows - operation activities: | | | | | | |
Net earnings | | | $ 1,451 | | | |
Non-cash items - | | | | | | |
Depreciation and amortization | | | 471 | | | |
Other charges and credits, net | | | 52 | | | |
Changes in assets and liabilities - | | | | | | |
Accounts receivable | | | (769) | | | |
Unbilled receivables | | | | | | |
Advances and progress billings | | | | | | |
Inventories | | | (31) | | | |
Other current assets | | | | | | |
Accrued liabilities | | | (613) | | | |
Advances and billings in excess of related costs | | | 249 | | | |
Income taxes receivable, payable and deferred | | | 495 | | | |
Customer financing, net | | | 232 | | | |
Net Cash Provided by (Used in) Operating Activities | | | 2,094 | | | |
Cash flows - investing activities: | | | | | | |
Other | | | (3) | | | |
Net Cash Provided by (Used in) Investing Activities | | | (262) | | | |
Cash flows - financing activities: | | | | | | |
Net increase/(decrease) in cash & cash equivalents, including restricted | | | (611) | | | |
Cash & cash equivalents, including restricted, at beginning of year | | | 8,801 | 8,801 | | |
Cash & cash equivalents, including restricted, at end of period | | | 8,190 | | 8,801 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | | | 412 | 877 | |
Scenario, Previously Reported [Member] | Retained Earnings [Member] | | | | | | |
Liabilities and equity | | | | | | |
Retained earnings | | | | 45,320 | | |
Total equity | | | | | 40,714 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | | | | 40,714 | |
Scenario, Previously Reported [Member] | Accumulated Other Comprehensive Loss [Member] | | | | | | |
Liabilities and equity | | | | | | |
Total equity | | | | (13,376) | | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | | | (13,376) | | |
Scenario, Restated [Member] | | | | | | |
Liabilities and equity | | | | | | |
Total equity | | | | 1,713 | 1,917 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | | | 1,713 | 1,917 | |
Scenario, Restated [Member] | Retained Earnings [Member] | | | | | | |
Liabilities and equity | | | | | | |
Retained earnings | | | | 49,618 | | |
Total equity | | | | | 41,754 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | | | | 41,754 | |
Scenario, Restated [Member] | Accumulated Other Comprehensive Loss [Member] | | | | | | |
Liabilities and equity | | | | | | |
Accumulated other comprehensive loss | | | | (16,373) | | |
Adjustments for New Accounting Pronouncement [Member] | | | | | | |
Income Statement [Abstract] | | | | | | |
Sales of products | | | 855 | | | |
Sales of services | | | 130 | | | |
Revenues | | | 985 | | | |
Cost of Goods Sold | | | (699) | | | |
Cost of Services | | | (110) | | | |
Cost of Revenue | | | (809) | | | |
Gross Profit | | | 176 | | | |
General and Administrative Expense | | | 4 | | | |
Research and Development Expense | | | 2 | | | |
Earnings from operations | | | 182 | | | |
Other income, net | | | 4 | | | |
Earnings before income taxes | | | 186 | | | |
Income tax expense | | | (58) | | | |
Net earnings | | | $ 128 | | | |
Earnings Per Share, Basic | | | $ 0.21 | | | |
Earnings Per Share, Diluted | | | $ 0.20 | | | |
Assets [Abstract] | | | | | | |
Accounts receivable, net | | | | (7,622) | | |
Unbilled receivables, net | | | | 8,194 | | |
Inventories | | | | 17,044 | | |
Other current assets | | | | 2,417 | | |
Assets, Current | | | | 20,033 | | |
Customer financing, net | | | | 16 | | |
Deferred income taxes | | | | (20) | | |
Assets | | | | 20,029 | | |
Liabilities and equity | | | | | | |
Accrued liabilities | | | | (2,223) | | |
Advances and billings in excess of related costs | | | | (27,440) | | |
Advances and progress billings | | | | 48,042 | | |
Total current liabilities | | | | 18,379 | | |
Deferred income taxes | | | | 349 | | |
Retained earnings | | | | 4,298 | | |
Accumulated other comprehensive loss | | | | (2,997) | | |
Total shareholders’ equity | | | | 1,301 | | |
Total equity | | | | 1,301 | | |
Total liabilities and equity | | | | 20,029 | | |
Cash flows - operation activities: | | | | | | |
Net earnings | | | $ 128 | | | |
Non-cash items - | | | | | | |
Depreciation and amortization | | | (3) | | | |
Other charges and credits, net | | | 6 | | | |
Changes in assets and liabilities - | | | | | | |
Accounts receivable | | | 505 | | | |
Unbilled receivables | | | (568) | | | |
Advances and progress billings | | | 1,375 | | | |
Inventories | | | (1,460) | | | |
Other current assets | | | (117) | | | |
Accrued liabilities | | | 331 | | | |
Advances and billings in excess of related costs | | | (249) | | | |
Income taxes receivable, payable and deferred | | | 57 | | | |
Customer financing, net | | | (1) | | | |
Net Cash Provided by (Used in) Operating Activities | | | 4 | | | |
Cash flows - investing activities: | | | | | | |
Other | | | 2 | | | |
Net Cash Provided by (Used in) Investing Activities | | | 2 | | | |
Cash flows - financing activities: | | | | | | |
Net increase/(decrease) in cash & cash equivalents, including restricted | | | 6 | | | |
Cash & cash equivalents, including restricted, at beginning of year | | | 68 | 68 | | |
Cash & cash equivalents, including restricted, at end of period | | | $ 74 | | 68 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Total equity | | | | 1,301 | | |
Accounting Standards Update 2014-09 [Member] | | | | | | |
Income Statement [Abstract] | | | | | | |
Net earnings | | | | 261 | 139 | |
Cash flows - operation activities: | | | | | | |
Net earnings | | | | 261 | 139 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Cumulative Effect of New Accounting Principle in Period of Adoption | | | | 1,301 | 139 | $ 901 |
Accounting Standards Update 2014-09 [Member] | Retained Earnings [Member] | | | | | | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Cumulative Effect of New Accounting Principle in Period of Adoption | | | | 1,301 | | $ 901 |
Accounting Standards Update 2018-02 [Member] | | | | | | |
Liabilities and equity | | | | | | |
Retained earnings | | | | 2,997 | | |
Accumulated other comprehensive loss | | | | (2,997) | | |
Fiscal Year 2016 [Member] | Accounting Standards Update 2014-09 [Member] | | | | | | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Cumulative Effect of New Accounting Principle in Period of Adoption | | | | | $ 139 | |
Fiscal Year 2017 [Member] | Accounting Standards Update 2014-09 [Member] | | | | | | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | |
Cumulative Effect of New Accounting Principle in Period of Adoption | | | | $ 261 | | |
| |
[1] | Net of tax. | |
[2] | Reflects amounts restricted in support of our workers’ compensation programs, employee benefit programs, and insurance premiums. | |