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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]        
Revenues $ 5,045 $ 4,821 $ 9,751 $ 9,407
Cost of products sold 2,741 2,586 5,420 5,038
Selling and administrative expense 1,193 1,205 2,406 2,392
Research and development expense 299 337 589 651
Integration and restructuring expense 101 62 176 106
Other operating (income) expense, net (23) 4 (12) 7
Total Operating Costs and Expenses 4,311 4,193 8,578 8,193
Operating Income 734 628 1,173 1,213
Interest expense (125) (118) (236) (220)
Interest income 26 10 60 16
Other (expense) income, net (2) 8 (6) 1
Income Before Income Taxes 633 529 991 1,009
Income tax provision 96 68 173 40
Net Income 537 460 818 969
Preferred stock dividends 0 (23) 0 (45)
Net income applicable to common shareholders $ 537 $ 438 $ 818 $ 924
Basic Earnings per Share (USD per share) $ 1.85 $ 1.54 $ 2.82 $ 3.25
Diluted Earnings per Share (USD per share) 1.85 1.53 2.81 3.24
Dividends per Common Share (USD per share) $ 0.95 $ 0.91 $ 1.90 $ 1.82