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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales        
Total Net sales $ 5,992 $ 5,211 $ 11,265 $ 9,865
Costs and expenses        
Research and development (151) (122) (290) (247)
Selling, general and administrative (784) (614) (1,505) (1,215)
Total Costs and expenses (5,172) (4,500) (9,927) (8,587)
Equity method investment net earnings 52 101 96 159
Other income (expense), net (383) 7 (390) 1,119
Operating profit 489 819 1,044 2,556
Non-service pension (expense) benefit 0 (1) 0 (2)
Interest (expense) income, net (67) (61) (113) (109)
Income from operations before income taxes 422 757 931 2,445
Income tax (expense) benefit (189) (170) (311) (471)
Net income from operations 233 587 620 1,974
Less: Non-controlling interest in subsidiaries' earnings from operations 34 14 48 22
Net income attributable to common shareowners $ 199 $ 573 $ 572 $ 1,952
Earnings per share        
Basic (in dollars per share) $ 0.24 $ 0.68 $ 0.68 $ 2.30
Diluted (in dollars per share) $ 0.23 $ 0.67 $ 0.67 $ 2.25
Weighted-average number of shares outstanding        
Basic (in shares) 836.0 845.7 835.5 849.5
Diluted (in shares) 850.9 862.7 851.5 868.4
Product        
Net sales        
Total Net sales $ 5,355 $ 4,662 $ 10,041 $ 8,832
Costs and expenses        
Cost of products and services sold (3,769) (3,363) (7,227) (6,361)
Service        
Net sales        
Total Net sales 637 549 1,224 1,033
Costs and expenses        
Cost of products and services sold $ (468) $ (401) $ (905) $ (764)