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Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net Sales:        
Net sales $ 15,880 $ 14,061 $ 31,131 $ 25,421
Costs and Expenses:        
Research and development 657 695 1,246 1,230
Selling, general and administrative 1,368 1,811 2,588 2,788
Total costs and expenses 14,680 14,720 29,026 24,804
Goodwill impairment 0 (3,183) 0 (3,183)
Other income, net 82 82 190 101
Operating profit (loss) 1,282 (3,760) 2,295 (2,465)
Non-service pension benefit (490) (237) (981) (405)
Interest expense, net 342 335 688 667
Total non-operating expense (income), net (148) 98 (293) 262
Income (loss) from continuing operations before income taxes 1,430 (3,858) 2,588 (2,727)
Income tax expense (benefit) 342 (38) 687 601
Net income (loss) from continuing operations 1,088 (3,820) 1,901 (3,328)
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations 48 24 89 78
Income (loss) from continuing operations attributable to common shareowners 1,040 (3,844) 1,812 (3,406)
Discontinued operations (Note 3):        
Loss from discontinued operations, before tax (10) (56) (30) (232)
Income tax (benefit) expense from discontinued operations (2) (65) (3) 237
Net income (loss) from discontinued operations (8) 9 (27) (469)
Less: Noncontrolling interest in subsidiaries’ earnings from discontinued operations 0 0 0 43
Income (loss) from discontinued operations attributable to common shareowners (8) 9 (27) (512)
Net income (loss) attributable to common shareowners $ 1,032 $ (3,835) $ 1,785 $ (3,918)
Earnings (loss) Per Share attributable to common shareowners - Basic:        
Income (loss) from continuing operations $ 0.69 $ (2.56) $ 1.20 $ (2.78)
Income (loss) from discontinued operations 0 0.01 (0.02) (0.42)
Net income (loss) attributable to common shareowners 0.69 (2.55) 1.18 (3.20)
Earnings (loss) Per Share attributable to common shareowners - Diluted:        
Income (loss) from continuing operations 0.69 (2.56) 1.20 (2.78)
Income (loss) from discontinued operations (0.01) 0.01 (0.02) (0.42)
Net income (loss) attributable to common shareowners $ 0.68 $ (2.55) $ 1.18 $ (3.20)
Product [Member]        
Net Sales:        
Net sales $ 12,179 $ 10,768 $ 23,843 $ 18,933
Costs and Expenses:        
Cost of Sales 9,997 9,620 19,971 16,249
Service [Member]        
Net Sales:        
Net sales 3,701 3,293 7,288 6,488
Costs and Expenses:        
Cost of Sales $ 2,658 $ 2,594 $ 5,221 $ 4,537