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v3.25.1

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 29, 2025 | Mar. 30, 2024
Revenues |  |
Total revenues | $ 3,306 | $ 3,135
Costs, expenses and other |  |
Research and development costs | 132 | 144
Selling and administrative expense | 298 | 316
Interest expense, net | 29 | 20
Special charges | 0 |
Non-service components of pension and postretirement income, net | (66) | (66)
Total costs, expenses and other | 3,065 | 2,898
Income before income taxes | 241 | 237
Income tax expense | 34 | 36
Net income | $ 207 | $ 201
Earnings per share |  |
Basic (in dollars per share) | $ 1.14 | $ 1.04
Diluted (in dollars per share) | $ 1.13 | $ 1.03
Manufacturing group |  |
Costs, expenses and other |  |
Net income | $ 199 | $ 187
Finance group |  |
Revenues |  |
Total revenues | 16 | 15
Costs, expenses and other |  |
Net income | 8 | 14
Product |  |
Costs, expenses and other |  |
Cost of products/services sold | 2,277 | 1,925
Product | Manufacturing group |  |
Revenues |  |
Total revenues | 2,771 | 2,432
Service |  |
Costs, expenses and other |  |
Cost of products/services sold | 395 | 545
Service | Manufacturing group |  |
Revenues |  |
Total revenues | $ 519 | $ 688

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