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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 6,986 $ 6,594 $ 13,091 $ 12,832
Operating expenses:        
Cost of sales 1,813 1,510 3,533 3,071
Research and development 1,113 1,039 2,171 1,998
Selling, general and administrative 1,294 1,327 2,552 2,555
Other 82 542 230 532
Total operating expenses 4,302 4,418 8,486 8,156
Operating income 2,684 2,176 4,605 4,676
Interest expense, net (752) (328) (1,295) (623)
Other (expense) income, net (318) (317) 1,746 (847)
Income before income taxes 1,614 1,531 5,056 3,206
Provision for income taxes 235 214 836 413
Net income $ 1,379 $ 1,317 $ 4,220 $ 2,793
Earnings per share:        
Basic (in usd per share) $ 2.58 $ 2.46 $ 7.90 $ 5.16
Diluted (in usd per share) $ 2.57 $ 2.45 $ 7.86 $ 5.13
Shares used in calculation of earnings per share:        
Basic (in shares) 535 535 534 541
Diluted (in shares) 537 537 537 544
Product sales        
Revenues:        
Total revenues $ 6,683 $ 6,281 $ 12,529 $ 12,012
Other revenues        
Revenues:        
Total revenues $ 303 $ 313 $ 562 $ 820