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CONDENSED COMBINED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net sales    
Net Sales $ 3,888 $ 4,323
Costs and expenses    
Research and development 98 97
Selling, general and administrative 692 684
Total costs and expenses 3,556 3,878
Equity method investment net earnings 29 40
Other (expense) income, net (46) 15
Operating profit 315 500
Non-service pension benefit 17 39
Interest (expense) income, net (37) 4
Income from operations before income taxes 295 543
Income tax expense 193 140
Net income from operations 102 403
Less: Non-controlling interest subsidiaries' earnings 6 3
Net income attributable to common shareowners $ 96 $ 400
Earnings per share    
Basic (in dollars per share) $ 0.11 $ 0.46
Diluted (in dollars per share) $ 0.11 $ 0.46
Weighted average number of shares outstanding    
Basic (in shares) 866 866
Diluted (in shares) 866 866
Product    
Net sales    
Net Sales $ 3,147 $ 3,566
Costs and expenses    
Cost of products and services sold 2,237 2,565
Service    
Net sales    
Net Sales 741 757
Costs and expenses    
Cost of products and services sold $ 529 $ 532