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Consolidated Income Statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Net Sales $ 20,058 $ 20,431 $ 20,175
Cost of Products Sold 12,878 13,399 13,956
Gross Profit 7,180 7,032 6,219
Marketing, research and general expenses 4,311 3,961 3,581
Impairment of intangible assets 97 658 0
Other (income) and expense, net (438) 69 (43)
Operating Profit 3,210 2,344 2,681
Nonoperating expense (61) (96) (73)
Interest income 48 66 14
Interest expense (270) (293) (282)
Income Before Income Taxes and Equity Interests 2,927 2,021 2,340
Provision for income taxes (565) (453) (495)
Income Before Equity Interests 2,362 1,568 1,845
Share of net income of equity companies 216 196 116
Net income 2,578 1,764 1,961
Net income attributable to noncontrolling interests (33) 0 (27)
Net Income $ 2,545 $ 1,764 $ 1,934
Earnings Per Share [Abstract]      
Basic $ 7.58 $ 5.22 $ 5.73
Diluted $ 7.55 $ 5.21 $ 5.72