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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]        
Revenues $ 5,011 $ 4,907 $ 10,006 $ 10,223
Cost of products sold 2,706 2,661 5,278 5,244
Selling and administrative expense 1,232 1,148 2,456 2,298
Research and development expense 343 317 673 608
Acquisition-related integration and restructuring expense 28 52 62 102
Other operating expense, net 49 296 70 296
Total Operating Costs and Expenses 4,359 4,473 8,539 8,547
Operating Income 652 434 1,467 1,676
Interest expense (101) (124) (199) (242)
Interest income 2 2 4 5
Other (expense) income, net (27) (8) (24) 24
Income Before Income Taxes 525 305 1,248 1,462
Income tax provision 71 6 117 160
Net Income 454 299 1,131 1,302
Preferred stock dividends (23) (23) (45) (45)
Net income applicable to common shareholders $ 431 $ 277 $ 1,086 $ 1,257
Basic Earnings per Share (USD per share) $ 1.51 $ 0.95 $ 3.81 $ 4.32
Diluted Earnings per Share (USD per share) 1.50 0.94 3.78 4.28
Dividends per Common Share (USD per share) $ 0.87 $ 0.83 $ 1.74 $ 1.66