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Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net Sales:        
Net sales $ 13,464 $ 16,951 $ 48,993 $ 48,981
Costs and Expenses:        
Research and development 712 662 2,048 1,995
Selling, general and administrative 1,401 1,351 4,364 4,184
Total costs and expenses 14,863 15,477 47,325 45,059
Other income, net 3 46 116 91
Operating profit (loss) (1,396) 1,520 1,784 4,013
Non-service pension income (443) (468) (1,334) (1,422)
Interest expense, net 369 311 1,017 958
Total non-operating expense (income), net (74) (157) (317) (464)
Income (loss) from continuing operations before income taxes (1,322) 1,677 2,101 4,477
Income tax expense (benefit) (389) 282 194 618
Net income (loss) from continuing operations (933) 1,395 1,907 3,859
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations 51 8 138 65
Net income (loss) from continuing operations attributable to common shareowners (984) 1,387 1,769 3,794
Loss from discontinued operations attributable to common shareowners 0 0 0 (19)
Net income (loss) attributable to common shareowners $ (984) $ 1,387 $ 1,769 $ 3,775
Earnings (loss) Per Share attributable to common shareowners - Basic:        
Income (loss) from continuing operations $ (0.68) $ 0.94 $ 1.22 $ 2.57
Loss from discontinued operations 0 0 0 (0.02)
Net income (loss) attributable to common shareowners (0.68) 0.94 1.22 2.55
Earnings (loss) Per Share attributable to common shareowners - Diluted:        
Income (loss) from continuing operations (0.68) 0.94 1.21 2.55
Loss from discontinued operations 0 0 0 (0.01)
Net income (loss) attributable to common shareowners $ (0.68) $ 0.94 $ 1.21 $ 2.54
Product [Member]        
Net Sales:        
Net sales $ 8,615 $ 12,756 $ 34,813 $ 36,876
Costs and Expenses:        
Cost of sales 9,289 10,493 31,078 30,353
Service [Member]        
Net Sales:        
Net sales 4,849 4,195 14,180 12,105
Costs and Expenses:        
Cost of sales $ 3,461 $ 2,971 $ 9,835 $ 8,527