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Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net Sales:        
Net sales $ 16,951 $ 16,213 $ 48,981 $ 47,344
Costs and Expenses:        
Research and development 662 676 1,995 1,922
Selling, general and administrative 1,391 1,229 4,284 3,817
Total costs and expenses 15,517 14,994 45,159 44,020
Other income, net 46 124 91 314
Operating profit 1,480 1,343 3,913 3,638
Non-service pension income (468) (491) (1,422) (1,472)
Interest expense, net 311 358 958 1,046
Total non-operating expense (income), net (157) (133) (464) (426)
Income from continuing operations before income taxes 1,637 1,476 4,377 4,064
Income tax expense 242 3 518 690
Net income from continuing operations 1,395 1,473 3,859 3,374
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations 8 73 65 162
Income from continuing operations attributable to common shareowners 1,387 1,400 3,794 3,212
Loss from discontinued operations attributable to common shareowners 0 (7) (19) (34)
Net income attributable to common shareowners $ 1,387 $ 1,393 $ 3,775 $ 3,178
Earnings (loss) Per Share attributable to common shareowners - Basic:        
Income from continuing operations $ 0.94 $ 0.93 $ 2.57 $ 2.13
Loss from discontinued operations 0 0 (0.02) (0.02)
Net income attributable to common shareowners 0.94 0.93 2.55 2.11
Earnings (loss) Per Share attributable to common shareowners - Diluted:        
Income from continuing operations 0.94 0.93 2.55 2.13
Loss from discontinued operations 0 0 (0.01) (0.03)
Net income attributable to common shareowners $ 0.94 $ 0.93 $ 2.54 $ 2.10
Product [Member]        
Net Sales:        
Net sales $ 12,756 $ 12,331 $ 36,876 $ 36,174
Costs and Expenses:        
Cost of Sales 10,493 10,296 30,353 30,267
Service [Member]        
Net Sales:        
Net sales 4,195 3,882 12,105 11,170
Costs and Expenses:        
Cost of Sales $ 2,971 $ 2,793 $ 8,527 $ 8,014