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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Revenues        
Total revenues $ 3,427 $ 3,343 $ 10,089 $ 9,791
Costs, expenses and other        
Selling and administrative expense 282 303 891 897
Interest expense, net 26 19 71 58
Special charges (2) 0 25 0
Non-service components of pension and postretirement income, net (66) (59) (198) (177)
Total costs, expenses and other 3,175 3,042 9,277 8,934
Income from continuing operations before income taxes 252 301 812 857
Income tax expense 29 32 128 134
Income from continuing operations 223 269 684 723
Loss from discontinued operations 0 0 (1) 0
Net income $ 223 $ 269 $ 683 $ 723
Basic Earnings per share        
Continuing operations (in dollars per share) $ 1.19 $ 1.36 $ 3.60 $ 3.59
Diluted Earnings per share        
Continuing operations (in dollars per share) $ 1.18 $ 1.35 $ 3.56 $ 3.56
Manufacturing group        
Costs, expenses and other        
Income from continuing operations     $ 660 $ 690
Finance group        
Revenues        
Total revenues $ 12 $ 13 39 43
Costs, expenses and other        
Income from continuing operations     24 33
Product        
Costs, expenses and other        
Cost of products/services sold 2,587 2,355 7,038 6,996
Product | Manufacturing group        
Revenues        
Total revenues 2,955 2,791 8,229 8,258
Service        
Costs, expenses and other        
Cost of products/services sold 348 424 1,450 1,160
Service | Manufacturing group        
Revenues        
Total revenues $ 460 $ 539 $ 1,821 $ 1,490