Fiscal year 2013 compared with fiscal year 2012
Net earnings from continuing operations increased $2.2
billion or 24% to $11.3 billion in 2013. The combination of
the net year-over-year impact of acquisition and divestiture
gains and the net year-over-year decline in impairment
charges drove $1.9 billion of the increase. Earnings also
increased due to the increase in net sales and the 40 basis
point gross margin expansion in 2013