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Condensed Consolidated Statement of Operations Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net Sales:        
Product Sales $ 10,194 $ 9,642 $ 30,247 $ 29,725
Service Sales 4,160 4,146 12,338 12,073
Total net sales 14,354 13,788 42,585 41,798
Costs and Expenses:        
Cost of products sold 7,522 7,114 22,542 21,952
Cost of services sold 2,820 2,686 8,195 7,826
Research and development 582 546 1,711 1,668
Selling, general and administrative 1,390 1,359 4,204 4,261
Total costs and expenses 12,314 11,705 36,652 35,707
Other income, net 211 219 600 808
Operating profit 2,251 2,302 6,533 6,899
Interest expense, net 225 184 673 618
Income from continuing operations before income taxes 2,026 2,118 5,860 6,281
Income tax expense 492 592 1,548 1,748
Net Income from continuing operations 1,534 1,526 4,312 4,533
Less: Noncontrolling interest in subsidiaries' earnings from continuing operations 91 99 271 281
Income from continuing operations attributable to common shareowners 1,443 1,427 4,041 4,252
Discontinued operations (Note 2):        
Income from operations 1 27 2 284
Gain (loss) on disposal (4) (38) 11 (66)
Income tax expense (40) 54 12 140
Income (loss) from discontinued operations 37 (65) 1 78
Income (loss) from discontinued operations attributable to common shareowners 37 (65) 1 78
Net income attributable to common shareowners $ 1,480 $ 1,362 $ 4,042 $ 4,330
Earnings Per Share of Common Stock - Basic:        
Income from continuing operations attributable to common shareowners $ 1.76 $ 1.63 $ 4.90 $ 4.82
Net income attributable to common shareowners 1.80 1.55 4.91 4.91
Earnings Per Share of Common Stock - Diluted:        
Income from continuing operations attributable to common shareowners 1.74 1.61 4.86 4.76
Net income attributable to common shareowners $ 1.78 $ 1.54 $ 4.86 $ 4.85