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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 6,903 $ 6,652 $ 19,994 $ 19,484
Operating expenses:        
Cost of sales 1,806 1,588 5,339 4,659
Research and development 1,079 1,112 3,250 3,110
Selling, general and administrative 1,353 1,287 3,905 3,842
Other 644 5 874 537
Total operating expenses 4,882 3,992 13,368 12,148
Operating income 2,021 2,660 6,626 7,336
Interest expense, net (759) (368) (2,054) (991)
Other income (expense), net 685 100 2,431 (747)
Income before income taxes 1,947 2,392 7,003 5,598
Provision for income taxes 217 249 1,053 662
Net income $ 1,730 $ 2,143 $ 5,950 $ 4,936
Earnings per share:        
Basic (in usd per share) $ 3.23 $ 4.01 $ 11.12 $ 9.16
Diluted (in usd per share) $ 3.22 $ 3.98 $ 11.06 $ 9.11
Shares used in calculation of earnings per share:        
Basic (in shares) 535 535 535 539
Diluted (in shares) 538 538 538 542
Product sales        
Revenues:        
Total revenues $ 6,548 $ 6,237 $ 19,077 $ 18,249
Other revenues        
Revenues:        
Total revenues $ 355 $ 415 $ 917 $ 1,235