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Condensed Consolidated Statement of Operations Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net Sales:        
Product Sales $ 10,661 $ 10,634 $ 20,298 $ 20,053
Service Sales 4,619 4,240 8,797 8,178
Total net sales 15,280 14,874 29,095 28,231
Costs and Expenses:        
Cost of products sold 7,907 7,933 15,170 15,020
Cost of services sold 3,193 2,808 6,007 5,375
Research and development 609 588 1,186 1,129
Selling, general and administrative 1,538 1,451 3,020 2,814
Total costs and expenses 13,247 12,780 25,383 24,338
Other income, net 257 243 845 389
Operating profit 2,290 2,337 4,557 4,282
Interest expense, net 226 225 439 448
Income from continuing operations before income taxes 2,064 2,112 4,118 3,834
Income tax expense 532 587 1,118 1,056
Net Income from continuing operations 1,532 1,525 3,000 2,778
Less: Noncontrolling interest in subsidiaries' earnings from continuing operations 93 99 175 180
Income from continuing operations attributable to common shareowners 1,439 1,426 2,825 2,598
Discontinued operations (Note 2):        
Income from operations from discontinued operations 0 1 0 1
Gain (Loss) on disposal 0 (3) 0 15
Income tax expense 0 45 0 52
Loss from discontinued operations attributable to common shareowners 0 (47) 0 (36)
Net income attributable to common shareowners $ 1,439 $ 1,379 $ 2,825 $ 2,562
Earnings Per Share of Common Stock - Basic:        
Income from continuing operations attributable to common shareowners $ 1.83 $ 1.73 $ 3.57 $ 3.15
Net income attributable to common shareowners 1.83 1.67 3.57 3.11
Earnings Per Share of Common Stock - Diluted:        
Income from continuing operations attributable to common shareowners 1.80 1.71 3.53 3.12
Net income attributable to common shareowners $ 1.80 $ 1.65 $ 3.53 $ 3.08