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Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net Sales:        
Net sales $ 19,721 $ 18,315 $ 39,026 $ 35,529
Costs and Expenses:        
Research and development 706 729 1,375 1,336
Selling, general and administrative 1,449 1,600 2,843 2,963
Total costs and expenses 18,296 16,847 36,103 32,462
Other income (expense), net (896) 25 (524) 113
Operating profit 529 1,493 2,399 3,180
Non-service pension income (374) (447) (760) (891)
Interest expense, net 475 333 880 648
Total non-operating expense (income), net 101 (114) 120 (243)
Income before income taxes 428 1,607 2,279 3,423
Income tax expense 253 248 361 583
Net income 175 1,359 1,918 2,840
Less: Noncontrolling interest in subsidiaries’ earnings 64 32 98 87
Net income attributable to common shareowners $ 111 $ 1,327 $ 1,820 $ 2,753
Earnings Per Share attributable to common shareowners:        
Basic $ 0.08 $ 0.91 $ 1.37 $ 1.89
Diluted $ 0.08 $ 0.90 $ 1.36 $ 1.87
Product [Member]        
Net Sales:        
Net sales $ 14,562 $ 13,411 $ 28,865 $ 26,198
Costs and Expenses:        
Cost of sales 12,625 11,089 24,841 21,789
Service [Member]        
Net Sales:        
Net sales 5,159 4,904 10,161 9,331
Costs and Expenses:        
Cost of sales $ 3,516 $ 3,429 $ 7,044 $ 6,374