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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Profit or loss [abstract]      
Net sales to third parties $ 9,370 $ 8,654 $ 8,222
Other revenues 85 63 69
Net sales and other revenues 9,455 8,717 8,291
Cost of net sales (4,141) (3,910) (3,577)
Cost of other revenues (67) (59) (62)
Gross profit 5,247 4,748 4,652
Selling, general & administration (3,209) (3,068) (3,076)
Research & development (828) (702) (842)
Other income 80 36 43
Other expense (251) (342) (197)
Operating income 1,039 672 580
Interest expense (189) (134) (120)
Other financial income & expense (18) (75) (42)
Income before taxes 832 463 418
Taxes 142 (128) (42)
Net income $ 974 $ 335 $ 376
Earnings/(loss) per share      
Basic (in dollars per share) $ 1.98 $ 0.68 $ 0.77
Diluted (in dollars per share) $ 1.96 $ 0.68 $ 0.76
Weighted average number of shares outstanding      
Basic (in shares) 493.0 491.4 490.0
Diluted (in shares) 496.5 494.4 493.4