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v3.25.3

Segment Information - Sales and Earnings (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | $ 11,369 | $ 10,635 | $ 32,869 | $ 30,976
Cost of Products Sold | (5,075) | (4,698) | (14,397) | (13,764)
Research and Development | (766) | (713) | (2,207) | (2,095)
Selling, General and Administrative | (3,051) | (2,895) | (9,203) | (8,790)
Operating Earnings | 2,057 | 1,859 | 5,802 | 4,914
Amortization of Intangible assets | $ (420) | $ (470) | $ (1,260) | $ (1,413)
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 | $ 2,180 | $ 1,940 | $ 6,108 | $ 4,983
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 | 11,365 | 10,631 | $ 32,857 | $ 30,965
Cost of Products Sold | (4,994) | (4,680) | (14,205) | (13,656)
Research and Development | (709) | (672) | (2,036) | (1,926)
Selling, General and Administrative | (2,682) | (2,516) | (8,044) | (7,517)
Operating Earnings | 2,980 | 2,763 | 8,572 | 7,866
Operating Segments | Established Pharmaceuticals |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | 1,511 | 1,406 | 4,154 | 3,926
Cost of Products Sold | (714) | (644) | (1,914) | (1,819)
Research and Development | (42) | (46) | (127) | (131)
Selling, General and Administrative | (364) | (336) | (1,078) | (1,014)
Operating Earnings | 391 | 380 | 1,035 | 962
Operating Segments | Nutritionals |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | 2,153 | 2,066 | 6,511 | 6,284
Cost of Products Sold | (1,223) | (1,151) | (3,502) | (3,387)
Research and Development | (55) | (53) | (161) | (158)
Selling, General and Administrative | (515) | (550) | (1,676) | (1,677)
Operating Earnings | 360 | 312 | 1,172 | 1,062
Operating Segments | Diagnostics |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | 2,253 | 2,412 | 6,480 | 6,821
Cost of Products Sold | (1,290) | (1,280) | (3,666) | (3,671)
Research and Development | (150) | (165) | (455) | (482)
Selling, General and Administrative | (413) | (409) | (1,228) | (1,206)
Operating Earnings | 400 | 558 | 1,131 | 1,462
Operating Segments | Medical Devices |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | 5,448 | 4,747 | 15,712 | 13,934
Cost of Products Sold | (1,767) | (1,605) | (5,123) | (4,779)
Research and Development | (462) | (408) | (1,293) | (1,155)
Selling, General and Administrative | (1,390) | (1,221) | (4,062) | (3,620)
Operating Earnings | 1,829 | 1,513 | 5,234 | 4,380
Other |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net Sales to External Customers | 4 | 4 | 12 | 11
Reconciling Items |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Corporate functions and plan benefit costs | (84) | (140) | (177) | (286)
Net interest expense | (44) | (51) | (143) | (170)
Share-based compensation | (120) | (117) | (551) | (562)
Amortization of Intangible assets | (420) | (470) | (1,260) | (1,413)
Other, net | $ (132) | $ (45) | $ (333) | $ (452)

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