XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net Sales:        
Net sales $ 14,061 $ 11,329 $ 25,421 $ 22,282
Costs and Expenses:        
Research and development 695 605 1,230 1,192
Selling, general and administrative 1,811 902 2,788 1,770
Total costs and expenses 14,720 10,061 24,804 19,935
Goodwill impairment (3,183) 0 (3,183) 0
Other income (expense), net 82 118 101 181
Operating profit (loss) (3,760) 1,386 (2,465) 2,528
Non-service pension (income) cost (237) (200) (405) (392)
Interest expense, net 335 352 667 772
Total non-operating (income) expense, net 98 152 262 380
Income (loss) from continuing operations before income taxes (3,858) 1,234 (2,727) 2,148
Income tax expense (benefit) (38) 6 601 159
Net income (loss) from continuing operations (3,820) 1,228 (3,328) 1,989
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations 24 45 78 94
Income (loss) from continuing operations attributable to common shareowners (3,844) 1,183 (3,406) 1,895
Income (loss) from discontinued operations (56) 1,206 (232) 2,114
Income tax expense (benefit) from discontinued operations (65) 435 237 679
Income (loss) from discontinued operations, net of tax 9 771 (469) 1,435
Less: Noncontrolling interest in subsidiaries’ earnings from discontinued operations 0 54 43 84
Income (loss) from discontinued operations attributable to common shareowners 9 717 (512) 1,351
Net income attributable to common shareowners $ (3,835) $ 1,900 $ (3,918) $ 3,246
Earnings Per Share of Common Stock - Basic:        
Income (loss) from continuing operations attributable to common shareowners $ (2.56) $ 1.38 $ (2.78) $ 2.22
Income (loss) from discontinued operations 0.01 0.84 (0.42) 1.58
Net income attributable to common shareowners (2.55) 2.22 (3.20) 3.80
Earnings Per Share of Common Stock - Diluted:        
Income (loss) from continuing operations attributable to common shareowners (2.56) 1.37 (2.78) 2.20
Income (loss) from discontinued operations 0.01 0.83 (0.42) 1.56
Net income attributable to common shareowners $ (2.55) $ 2.20 $ (3.20) $ 3.76
Product [Member]        
Net Sales:        
Net sales $ 10,768 $ 8,389 $ 18,933 $ 16,424
Costs and Expenses:        
Cost of Products and Services Sold 9,620 6,736 16,249 13,399
Service [Member]        
Net Sales:        
Net sales 3,293 2,940 6,488 5,858
Costs and Expenses:        
Cost of Products and Services Sold $ 2,594 $ 1,818 $ 4,537 $ 3,574