XML 25 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net sales      
Net sales $ 20,613 $ 17,456 $ 18,608
Costs and expenses      
Research and development (503) (419) (401)
Selling, general and administrative (3,120) (2,820) (2,761)
Total costs and expenses (18,256) (15,586) (16,351)
Equity method investment net earnings 249 207 236
Other income (expense), net 39 1,006 (2)
Operating profit 2,645 3,083 2,491
Non-service pension benefit 61 60 154
Interest (expense) income, net (306) (288) 27
Income from operations before income taxes 2,400 2,855 2,672
Income tax expense (699) (849) (517)
Net income from operations 1,701 2,006 2,155
Less: Non-controlling interest in subsidiaries' earnings from operations 37 24 39
Net income attributable to common shareowners $ 1,664 $ 1,982 $ 2,116
Earnings per share      
Basic (in dollars per share) $ 1.92 $ 2.29 $ 2.44
Diluted (in dollars per share) $ 1.87 $ 2.25 $ 2.44
Weighted-average number of shares outstanding      
Basic (in shares) 867.7 866.5 866.2
Diluted (in shares) 890.3 880.2 866.2
Product      
Net sales      
Net sales $ 17,214 $ 14,347 $ 15,360
Costs and expenses      
Cost of products and services sold (12,300) (10,185) (10,890)
Service      
Net sales      
Net sales 3,399 3,109 3,248
Costs and expenses      
Cost of products and services sold $ (2,333) $ (2,162) $ (2,299)