XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]        
Revenues $ 4,821 $ 4,750 $ 9,407 $ 9,468
Cost of products sold 2,586 2,637 5,038 5,135
Selling and administrative expense 1,205 1,192 2,392 2,378
Research and development expense 337 327 651 641
Acquisition-related integration and restructuring expense 62 28 106 62
Other operating expense (income), net 4 0 7 (4)
Total Operating Costs and Expenses 4,193 4,185 8,193 8,212
Operating Income 628 564 1,213 1,256
Interest expense (118) (97) (220) (195)
Interest income 10 2 16 4
Other income (expense), net 8 (27) 1 (24)
Income from Continuing Operations Before Income Taxes 529 442 1,009 1,041
Income tax provision 68 52 40 84
Net Income from Continuing Operations 460 390 969 958
Income from Discontinued Operations, Net of Tax 0 64 0 173
Net Income 460 454 969 1,131
Preferred stock dividends (23) (23) (45) (45)
Net income applicable to common shareholders $ 438 $ 431 $ 924 $ 1,086
Income from Continuing Operations, Basic (USD per share) $ 1.54 $ 1.29 $ 3.25 $ 3.20
Income from Discontinued Operations, Basic (USD per share) 0 0.22 0 0.61
Basic Earnings per Share (USD per share) 1.54 1.51 3.25 3.81
Income from Continuing Operations, Diluted (USD per share) 1.53 1.28 3.24 3.18
Income from Discontinued Operations, Diluted (USD per share) 0 0.22 0 0.60
Diluted Earnings per Share (USD per share) 1.53 1.50 3.24 3.78
Dividends per Common Share (USD per share) $ 0.91 $ 0.87 $ 1.82 $ 1.74