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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net sales        
Total Net sales $ 6,689 $ 5,992 $ 12,871 $ 11,265
Costs and expenses        
Research and development (187) (151) (411) (290)
Selling, general and administrative (975) (784) (1,960) (1,505)
Total Costs and expenses (5,973) (5,172) (11,659) (9,927)
Equity method investment net earnings 90 52 121 96
Other income (expense), net 2,885 (383) 2,858 (390)
Operating profit 3,691 489 4,191 1,044
Non-service pension (expense) benefit     (1) 0
Interest (expense) income, net (166) (67) (331) (113)
Income from operations before income taxes 3,524 422 3,859 931
Income tax (expense) benefit (1,155) (189) (1,201) (311)
Net income from operations 2,369 233 2,658 620
Less: Non-controlling interest in subsidiaries' earnings from operations 32 34 52 48
Net income attributable to common shareowners $ 2,337 $ 199 $ 2,606 $ 572
Earnings per share        
Basic (in dollars per share) $ 2.59 $ 0.24 $ 2.90 $ 0.68
Diluted (in dollars per share) $ 2.55 $ 0.23 $ 2.85 $ 0.67
Weighted-average number of shares outstanding        
Basic (in shares) 902.4 836.0 900.2 835.5
Diluted (in shares) 915.3 850.9 913.6 851.5
Product        
Net sales        
Total Net sales $ 6,004 $ 5,355 $ 11,546 $ 10,041
Costs and expenses        
Cost of products and services sold (4,296) (3,769) (8,294) (7,227)
Service        
Net sales        
Total Net sales 685 637 1,325 1,224
Costs and expenses        
Cost of products and services sold $ (515) $ (468) $ (994) $ (905)