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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 8,388 $ 6,986 $ 15,835 $ 13,091
Operating expenses:        
Cost of sales 3,236 1,813 6,436 3,533
Research and development 1,447 1,113 2,790 2,171
Selling, general and administrative 1,785 1,294 3,593 2,552
Other 11 82 116 230
Total operating expenses 6,479 4,302 12,935 8,486
Operating income 1,909 2,684 2,900 4,605
Other income (expense):        
Interest expense, net (808) (752) (1,632) (1,295)
Other (expense) income, net (307) (318) (542) 1,746
Income before income taxes 794 1,614 726 5,056
Provision for income taxes 48 235 93 836
Net income $ 746 $ 1,379 $ 633 $ 4,220
Earnings per share:        
Basic (in usd per share) $ 1.39 $ 2.58 $ 1.18 $ 7.90
Diluted (in usd per share) $ 1.38 $ 2.57 $ 1.17 $ 7.86
Shares used in calculation of earnings per share:        
Basic (in shares) 537 535 537 534
Diluted (in shares) 541 537 541 537
Product sales        
Revenues:        
Total revenues $ 8,041 $ 6,683 $ 15,159 $ 12,529
Other revenues        
Revenues:        
Total revenues $ 347 $ 303 $ 676 $ 562