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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Revenues        
Total revenues $ 3,527 $ 3,424 $ 6,662 $ 6,448
Costs, expenses and other        
Selling and administrative expense 293 289 609 594
Interest expense, net 25 19 45 39
Special charges 13 0 27 0
Non-service components of pension and postretirement income, net (66) (59) (132) (118)
Total costs, expenses and other 3,204 3,095 6,102 5,892
Income from continuing operations before income taxes 323 329 560 556
Income tax expense 63 66 99 102
Income from continuing operations 260 263 461 454
Loss from discontinued operations (1) 0 (1) 0
Net income $ 259 $ 263 $ 460 $ 454
Basic earnings per share        
Continuing operations (in dollars per share) $ 1.37 $ 1.31 $ 2.41 $ 2.24
Diluted Earnings per share        
Continuing operations (in dollars per share) $ 1.35 $ 1.30 $ 2.38 $ 2.22
Manufacturing group        
Costs, expenses and other        
Income from continuing operations     $ 441 $ 438
Finance group        
Revenues        
Total revenues $ 12 $ 18 27 30
Costs, expenses and other        
Income from continuing operations     20 16
Product        
Costs, expenses and other        
Cost of products/services sold 2,382 2,465 4,451 4,641
Product | Manufacturing group        
Revenues        
Total revenues 2,842 2,917 5,274 5,467
Service        
Costs, expenses and other        
Cost of products/services sold 557 381 1,102 736
Service | Manufacturing group        
Revenues        
Total revenues $ 673 $ 489 $ 1,361 $ 951