XML 55 R42.htm IDEA: XBRL DOCUMENT v3.20.2
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS - Consolidated Statement of Income (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Net sales $ 2,718 $ 2,834 $ 5,520 $ 5,472
Cost of sales 1,680 1,681 3,319 3,239
Gross margin 1,038 1,153 2,201 2,233
Selling, general and administrative expenses 590 641 1,218 1,242
Research and development expenses 117 166 263 295
Other operating income, net 0 (4) (20) (37)
Operating income 331 350 740 733
Interest expense, net 36 20 57 38
Other (income) expense, net 6 4 16 (17)
Income before income taxes 289 326 667 712
Income tax expense (42) (13) (87) (57)
Net income $ 246 $ 313 $ 578 $ 655
Earnings per share        
Basic (in dollars per share) $ 0.48 $ 0.61 $ 1.14 $ 1.28
Diluted (in dollars per share) $ 0.48 $ 0.60 $ 1.12 $ 1.26
Weighted-average number of shares outstanding        
Basic (in shares) 509 510 508 511
Diluted (in shares) 517 519 517 520
As previously reported        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Net sales   $ 2,840   $ 5,472
Cost of sales   1,681   3,233
Gross margin   1,159   2,239
Selling, general and administrative expenses   642   1,242
Research and development expenses   166   295
Other operating income, net       (37)
Other operating income, net   (4)    
Operating income   355   739
Interest expense, net   20   38
Other (income) expense, net   (28)   (53)
Income before income taxes   363   754
Income tax expense   $ (20)   (64)
Net income       $ 690
Earnings per share        
Basic (in dollars per share)   $ 0.67   $ 1.35
Diluted (in dollars per share)   $ 0.66   $ 1.33
Weighted-average number of shares outstanding        
Basic (in shares)   510   511
Diluted (in shares)   519   520
Restatement impacts        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Net sales   $ (6)   $ 0
Cost of sales   0   6
Gross margin   (6)   (6)
Selling, general and administrative expenses   (1)   0
Research and development expenses   0   0
Other operating income, net       0
Other operating income, net   0    
Operating income   (5)   (6)
Interest expense, net   0   0
Other (income) expense, net   32   36
Income before income taxes   (37)   (42)
Income tax expense   $ 7   7
Net income       $ (35)
Earnings per share        
Basic (in dollars per share)   $ (0.06)   $ (0.07)
Diluted (in dollars per share)   $ (0.06)   $ (0.07)
Weighted-average number of shares outstanding        
Basic (in shares)   0   0
Diluted (in shares)   0   0
Restatement impacts | Foreign Currency Denominated Monetary Assets and Liabilities        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Other (income) expense, net   $ 26   $ 31
Income tax expense   5   4
Restatement impacts | Equipment Leased to Customers under Operating Leases        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Cost of sales   5   7
Income tax expense   (2)   (2)
Restatement impacts | Translation of the Financial Position and Results of Operations of our Foreign Operations into U.S. Dollars        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Net sales   6    
Cost of sales   5   1
Selling, general and administrative expenses   1    
Restatement impacts | Foreign exchange contracts | Foreign Currency Derivative Contracts        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Other (income) expense, net   $ 6   5
Income tax expense       $ 1