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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenue $ 4,580 $ 3,239 $ 8,869 $ 6,568
Cost of revenue (COR) 1,503 1,157 2,995 2,398
Gross profit 3,077 2,082 5,874 4,170
Research and development (R&D) 391 379 777 756
Selling, general and administrative (SG&A) 425 401 850 818
Acquisition charges 48 50 95 100
Restructuring charges/other 0 24 0 24
Operating profit 2,213 1,228 4,152 2,472
Other income (expense), net (OI&E) 73 99 119 124
Interest and debt expense 44 48 90 93
Income before income taxes 2,242 1,279 4,181 2,503
Provision for income taxes 311 (101) 497 (51)
Net income $ 1,931 $ 1,380 $ 3,684 $ 2,554
Earnings per common share (EPS):        
Basic (in dollars per share) $ 2.08 $ 1.50 $ 3.98 $ 2.75
Diluted (in dollars per share) $ 2.05 $ 1.48 $ 3.92 $ 2.72
Average shares outstanding (millions):        
Basic (in shares) 923 916 923 923
Diluted (in shares) 937 927 936 935
Diluted EPS:        
Net income $ 1,931 $ 1,380 $ 3,684 $ 2,554
Income allocated to RSUs (7) (7) (15) (13)
Income allocated to common stock for diluted EPS $ 1,924 $ 1,373 $ 3,669 $ 2,541