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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Profit or loss [abstract]      
Net sales $ 9,836 $ 9,370 $ 8,654
Other revenues 75 85 63
Net sales and other revenues 9,911 9,455 8,717
Cost of net sales (4,328) (4,141) (3,910)
Cost of other revenues (71) (67) (59)
Gross profit 5,512 5,247 4,748
Selling, general & administration (3,250) (3,209) (3,068)
Research & development (876) (828) (702)
Other income 77 80 36
Other expense (50) (251) (342)
Operating income 1,413 1,039 672
Interest expense (192) (189) (134)
Other financial income & expense 43 (18) (75)
Share of (loss) from associated companies (8) 0 0
Income before taxes 1,256 832 463
Taxes (238) 142 (128)
Net income $ 1,018 $ 974 $ 335
Earnings per share      
Basic (in dollars per share) $ 2.06 $ 1.98 $ 0.68
Diluted (in dollars per share) $ 2.05 $ 1.96 $ 0.68
Weighted average number of shares outstanding      
Basic (in shares) 494.4 493.0 491.4
Diluted (in shares) 497.5 496.5 494.4