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Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net Sales:        
Net sales $ 22,478 $ 20,089 $ 64,365 $ 59,115
Costs and Expenses:        
Research and development 684 751 2,018 2,126
Selling, general, and administrative 1,436 1,389 4,457 4,232
Total costs and expenses 20,018 18,195 57,768 54,298
Other income (expense), net 63 134 107 (390)
Operating profit 2,523 2,028 6,704 4,427
Non-operating expense (income), net:        
Non-service pension income (364) (374) (1,081) (1,134)
Interest expense, net 449 496 1,349 1,376
Total non-operating expense, net 85 122 268 242
Income before income taxes 2,438 1,906 6,436 4,185
Income tax expense 432 371 1,080 732
Net income 2,006 1,535 5,356 3,453
Less: Noncontrolling interest in subsidiaries’ earnings 88 63 246 161
Net income attributable to common shareowners $ 1,918 $ 1,472 $ 5,110 $ 3,292
Earnings Per Share attributable to common shareowners:        
Basic (in dollars per share) $ 1.43 $ 1.10 $ 3.81 $ 2.47
Diluted (in dollars per share) $ 1.41 $ 1.09 $ 3.77 $ 2.45
Products        
Net Sales:        
Net sales $ 16,264 $ 14,708 $ 46,406 $ 43,573
Costs and Expenses:        
Cost of sales 13,593 12,336 38,865 37,177
Services        
Net Sales:        
Net sales 6,214 5,381 17,959 15,542
Costs and Expenses:        
Cost of sales $ 4,305 $ 3,719 $ 12,428 $ 10,763