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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 8,503 $ 6,903 $ 24,338 $ 19,994
Operating expenses:        
Cost of sales 3,310 1,806 9,746 5,339
Research and development 1,450 1,079 4,240 3,250
Selling, general and administrative 1,625 1,353 5,218 3,905
Other 71 644 187 874
Total operating expenses 6,456 4,882 19,391 13,368
Operating income 2,047 2,021 4,947 6,626
Income before income taxes 3,101 1,947 3,827 7,003
Other income (expense):        
Interest expense, net (776) (759) (2,408) (2,054)
Other income, net 1,830 685 1,288 2,431
Provision for income taxes 271 217 364 1,053
Net income $ 2,830 $ 1,730 $ 3,463 $ 5,950
Earnings per share:        
Basic (in usd per share) $ 5.27 $ 3.23 $ 6.45 $ 11.12
Diluted (in usd per share) $ 5.22 $ 3.22 $ 6.40 $ 11.06
Weighted-average shares used in calculation of earnings per share:        
Basic (in shares) 537 535 537 535
Diluted (in shares) 542 538 541 538
Product sales        
Revenues:        
Total revenues $ 8,151 $ 6,548 $ 23,310 $ 19,077
Other revenues        
Revenues:        
Total revenues $ 352 $ 355 $ 1,028 $ 917