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Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net Sales:        
Net sales $ 14,747 $ 11,373 $ 40,168 $ 33,655
Costs and Expenses:        
Research and development 642 592 1,872 1,784
Selling, general and administrative 1,401 902 4,189 2,672
Total costs and expenses 15,047 10,003 39,851 29,938
Goodwill impairment 0 0 (3,183) 0
Other income, net 734 60 835 241
Operating profit (loss) 434 1,430 (2,031) 3,958
Non-service pension (income) expense (253) (289) (658) (681)
Interest expense, net 350 402 1,017 1,174
Total non-operating expense (income), net 97 113 359 493
Income (loss) from continuing operations before income taxes 337 1,317 (2,390) 3,465
Income tax expense 152 306 753 465
Net income (loss) from continuing operations 185 1,011 (3,143) 3,000
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations 34 53 112 147
Income (loss) from continuing operations attributable to common shareowners 151 958 (3,255) 2,853
Discontinued operations (Note 3):        
Income (loss) from discontinued operations 13 1,071 (219) 3,185
Income tax (benefit) expense from discontinued operations (100) 825 137 1,504
Income (loss) from discontinued operations, net of tax 113 246 (356) 1,681
Less: Noncontrolling interest in subsidiaries’ earnings from discontinued operations 0 56 43 140
Income (loss) from discontinued operations attributable to common shareowners 113 190 (399) 1,541
Net income attributable to common shareowners $ 264 $ 1,148 $ (3,654) $ 4,394
Earnings (Loss) Per Share attributable to common shareowners - Basic:        
Income (loss) from continuing operations $ 0.10 $ 1.12 $ (2.48) $ 3.34
Income (loss) from discontinued operations 0.08 0.22 (0.30) 1.80
Net income attributable to common shareowners 0.17 1.34 (2.79) 5.14
Earnings (Loss) Per Share attributable to common shareowners - Diluted:        
Income (loss) from continuing operations 0.10 1.11 (2.48) 3.31
Income (loss) from discontinued operations 0.08 0.22 (0.30) 1.78
Net income attributable to common shareowners $ 0.17 $ 1.33 $ (2.79) $ 5.09
Product [Member]        
Net Sales:        
Net sales $ 11,469 $ 8,211 $ 30,402 $ 24,635
Costs and Expenses:        
Cost of Products and Services Sold 10,322 6,498 26,571 19,897
Service [Member]        
Net Sales:        
Net sales 3,278 3,162 9,766 9,020
Costs and Expenses:        
Cost of Products and Services Sold $ 2,682 $ 2,011 $ 7,219 $ 5,585