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Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net Sales:        
Net sales $ 20,089 $ 13,464 $ 59,115 $ 48,993
Costs and Expenses:        
Research and development 751 712 2,126 2,048
Selling, general and administrative 1,389 1,401 4,232 4,364
Total costs and expenses 18,195 14,863 54,298 47,325
Other income (expense), net 134 3 (390) 116
Operating profit (loss) 2,028 (1,396) 4,427 1,784
Non-service pension income (374) (443) (1,134) (1,334)
Interest expense, net 496 369 1,376 1,017
Total non-operating expense (income), net 122 (74) 242 (317)
Income (loss) before income taxes 1,906 (1,322) 4,185 2,101
Income tax expense (benefit) 371 (389) 732 194
Net income (loss) 1,535 (933) 3,453 1,907
Less: Noncontrolling interest in subsidiaries’ earnings 63 51 161 138
Net income (loss) attributable to common shareowners $ 1,472 $ (984) $ 3,292 $ 1,769
Earnings (Loss) Per Share attributable to common shareowners:        
Basic $ 1.10 $ (0.68) $ 2.47 $ 1.22
Diluted $ 1.09 $ (0.68) $ 2.45 $ 1.21
Product        
Net Sales:        
Net sales $ 14,708 $ 8,615 $ 43,573 $ 34,813
Costs and Expenses:        
Cost of sales 12,336 9,289 37,177 31,078
Service        
Net Sales:        
Net sales 5,381 4,849 15,542 14,180
Costs and Expenses:        
Cost of sales $ 3,719 $ 3,461 $ 10,763 $ 9,835