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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net sales        
Total Net sales $ 6,113 $ 5,934 $ 11,331 $ 11,354
Costs and expenses        
Research and development (161) (160) (314) (352)
Selling, general and administrative (813) (789) (1,542) (1,596)
Total Costs and expenses (5,318) (5,308) (9,973) (10,342)
Equity method investment net earnings 78 90 122 121
Other income (expense), net 30 8 52 (24)
Operating profit 903 724 1,532 1,109
Non-service pension (expense) benefit 0 0 1 0
Interest (expense) income, net (91) (157) (173) (298)
Earnings before income taxes 812 567 1,360 811
Income tax (expense) benefit (162) (120) (273) (167)
Earnings from continuing operations 650 447 1,087 644
Discontinued operations, net of tax (17) 1,922 (17) 2,014
Net earnings (loss) 633 2,369 1,070 2,658
Less: Non-controlling interest in subsidiaries' 42 32 67 52
Net earnings (loss) attributable to common shareowners 591 2,337 1,003 2,606
Amounts attributable to common shareowners:        
Continuing operations 608 415 1,020 592
Discontinued operations (17) 1,922 (17) 2,014
Net earnings (loss) attributable to common shareowners $ 591 $ 2,337 $ 1,003 $ 2,606
Basic:        
Continuing operations, Basic (in dollars per share) $ 0.71 $ 0.46 $ 1.18 $ 0.66
Discontinued operations, Basic (in dollars per share) (0.02) 2.13 (0.01) 2.24
Net earnings (loss), Basic (in dollars per share) 0.69 2.59 1.17 2.90
Diluted:        
Continuing operations, Diluted (in dollars per share) 0.70 0.45 1.17 0.65
Discontinued operations, Diluted (in dollars per share) (0.02) 2.10 (0.02) 2.20
Net earnings (loss), Diluted (in dollars per share) $ 0.68 $ 2.55 $ 1.15 $ 2.85
Weighted-average number of shares outstanding        
Basic (in shares) 854.9 902.4 860.8 900.2
Diluted (in shares) 866.3 915.3 872.3 913.6
Product        
Net sales        
Total Net sales $ 5,477 $ 5,311 $ 10,129 $ 10,153
Costs and expenses        
Cost of goods sold (3,867) (3,867) (7,225) (7,449)
Service        
Net sales        
Total Net sales 636 623 1,202 1,201
Costs and expenses        
Cost of goods sold $ (477) $ (492) $ (892) $ (945)