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Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net Sales:        
Net sales $ 18,315 $ 16,314 $ 35,529 $ 32,030
Costs and Expenses:        
Research and development 729 698 1,336 1,333
Selling, general and administrative 1,635 1,424 3,033 2,893
Total costs and expenses 16,882 14,978 32,532 29,642
Other income, net 25 17 113 45
Operating profit 1,458 1,353 3,110 2,433
Non-service pension income (447) (474) (891) (954)
Interest expense, net 333 329 648 647
Total non-operating expense (income), net (114) (145) (243) (307)
Income from continuing operations before income taxes 1,572 1,498 3,353 2,740
Income tax expense 213 160 513 276
Net income from continuing operations 1,359 1,338 2,840 2,464
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations 32 34 87 57
Net income from continuing operations attributable to common shareowners 1,327 1,304 2,753 2,407
Loss from discontinued operations attributable to common shareowners 0 0 0 (19)
Net income attributable to common shareowners $ 1,327 $ 1,304 $ 2,753 $ 2,388
Earnings (loss) Per Share attributable to common shareowners - Basic:        
Income from continuing operations $ 0.91 $ 0.88 $ 1.89 $ 1.62
Loss from discontinued operations 0 0 0 (0.01)
Net income attributable to common shareowners 0.91 0.88 1.89 1.61
Earnings (loss) Per Share attributable to common shareowners - Diluted:        
Income from continuing operations 0.90 0.88 1.87 1.61
Loss from discontinued operations 0 0 0 (0.01)
Net income attributable to common shareowners $ 0.90 $ 0.88 $ 1.87 $ 1.60
Product [Member]        
Net Sales:        
Net sales $ 13,411 $ 12,258 $ 26,198 $ 24,120
Costs and Expenses:        
Cost of sales 11,089 10,040 21,789 19,860
Service [Member]        
Net Sales:        
Net sales 4,904 4,056 9,331 7,910
Costs and Expenses:        
Cost of sales $ 3,429 $ 2,816 $ 6,374 $ 5,556