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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 56,587 $ 45,349 $ 34,701
Research and development 2,582 2,452 1,878
Selling, general and administrative 5,540 3,711 2,864
Total Costs and Expenses 56,178 40,761 32,207
Goodwill impairment (3,183) 0 0
Other income, net 885 326 383
Operating profit (loss) (1,889) 4,914 2,877
Non-service pension benefit (902) (829) (659)
Interest expense, net 1,366 1,591 1,032
Total non-operating expense, net 464 762 373
Income (loss) from continuing operations before income taxes (2,353) 4,152 2,504
Income tax expense 575 421 1,098
Net income (loss) from continuing operations (2,928) 3,731 1,406
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations 181 221 190
Income (loss) from continuing operations attributable to common shareowners (3,109) 3,510 1,216
Income (loss) from discontinued operations (216) 4,091 5,776
Income tax expense from discontinued operations 151 1,874 1,528
Net income (loss) from discontinued operations (367) 2,217 4,248
Less: Noncontrolling interest in subsidiaries’ earnings from discontinued operations 43 190 195
Income (loss) from discontinued operations attributable to common shareowners (410) 2,027 4,053
Net income (loss) attributable to common shareowners $ (3,519) $ 5,537 $ 5,269
Earnings (loss) per share attributable to common shareowners - basic      
Income (loss) from continuing operations attributable to common shareowners $ (2.29) $ 4.11 $ 1.52
Income (loss) from discontinued operations (0.30) 2.37 5.06
Net income (loss) attributable to common shareowners (2.59) 6.48 6.58
Earnings (loss) per share attributable to common shareowners - diluted      
Income (loss) from continuing operations attributable to common shareowners (2.29) 4.06 1.50
Income (loss) from discontinued operations (0.30) 2.35 5.00
Net income (loss) attributable to common shareowners $ (2.59) $ 6.41 $ 6.50
Weighted average number of shares outstanding:      
Basic shares 1,357.8 854.8 800.4
Diluted shares 1,357.8 863.9 810.1
Product [Member]      
Net sales $ 43,319 $ 32,998 $ 24,141
Cost of Products and Services Sold 38,137 26,910 21,083
Service [Member]      
Net sales 13,268 12,351 10,560
Cost of Products and Services Sold $ 9,919 $ 7,688 $ 6,382