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v3.25.2

Segment Information - Sales and Earnings (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | $ 11,142 | $ 10,377 | $ 21,500 | $ 20,341
Cost of Products Sold | (4,854) | (4,603) | (9,322) | (9,066)
Research and Development | (725) | (698) | (1,441) | (1,382)
Selling, General and Administrative | (3,091) | (2,936) | (6,152) | (5,895)
Operating Earnings | 2,052 | 1,669 | 3,745 | 3,055
Amortization of Intangible assets | $ (420) | $ (471) | $ (840) | $ (943)
Restructuring Incurred Cost Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag | Other, net (b) | Other, net (b) | Other, net (b) | Other, net (b)
Earnings before Taxes | $ 2,150 | $ 1,607 | $ 3,928 | $ 3,043
Annual share-based awards recognized in first quarter (as a percent) |  |  | 45.00% | 45.00%
Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | 11,137 | 10,373 | $ 21,492 | $ 20,334
Cost of Products Sold | (4,768) | (4,569) | (9,211) | (8,976)
Research and Development | (681) | (638) | (1,327) | (1,254)
Selling, General and Administrative | (2,756) | (2,541) | (5,362) | (5,001)
Operating Earnings | 2,932 | 2,625 | 5,592 | 5,103
Operating Segments | Established Pharmaceuticals |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | 1,383 | 1,294 | 2,643 | 2,520
Cost of Products Sold | (631) | (591) | (1,200) | (1,175)
Research and Development | (43) | (44) | (85) | (85)
Selling, General and Administrative | (363) | (344) | (714) | (678)
Operating Earnings | 346 | 315 | 644 | 582
Operating Segments | Nutritionals |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | 2,212 | 2,150 | 4,358 | 4,218
Cost of Products Sold | (1,155) | (1,148) | (2,279) | (2,236)
Research and Development | (54) | (53) | (106) | (105)
Selling, General and Administrative | (585) | (576) | (1,161) | (1,127)
Operating Earnings | 418 | 373 | 812 | 750
Operating Segments | Diagnostics |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | 2,173 | 2,195 | 4,227 | 4,409
Cost of Products Sold | (1,224) | (1,203) | (2,376) | (2,391)
Research and Development | (154) | (162) | (305) | (317)
Selling, General and Administrative | (423) | (400) | (815) | (797)
Operating Earnings | 372 | 430 | 731 | 904
Operating Segments | Medical Devices |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | 5,369 | 4,734 | 10,264 | 9,187
Cost of Products Sold | (1,758) | (1,627) | (3,356) | (3,174)
Research and Development | (430) | (379) | (831) | (747)
Selling, General and Administrative | (1,385) | (1,221) | (2,672) | (2,399)
Operating Earnings | 1,796 | 1,507 | 3,405 | 2,867
Other |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | 5 | 4 | 8 | 7
Reconciling Items |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Corporate functions and plan benefit costs | (65) | (80) | (93) | (146)
Net interest expense | (50) | (58) | (99) | (119)
Share-based compensation | (142) | (141) | (431) | (445)
Amortization of Intangible assets | (420) | (471) | (840) | (943)
Other, net | $ (105) | $ (268) | $ (201) | $ (407)

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