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Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net Sales:    
Net sales $ 15,251 $ 11,360
Costs and Expenses:    
Research and development 589 535
Selling, general and administrative 1,220 977
Total costs and expenses 14,346 10,084
Other income, net 108 19
Operating profit 1,013 1,295
Non-service pension benefit (491) (168)
Interest expense, net 346 332
Total non-operating expense (income), net (145) 164
Income from continuing operations before income taxes 1,158 1,131
Income tax expense 345 639
Net income from continuing operations 813 492
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations 41 54
Income from continuing operations attributable to common shareowners 772 438
Discontinued operations (Note 3):    
Loss from discontinued operations, before tax (20) (176)
Income tax (benefit) expense from discontinued operations (1) 302
Net loss from discontinued operations (19) (478)
Less: Noncontrolling interest in subsidiaries’ earnings from discontinued operations 0 43
Loss from discontinued operations attributable to common shareowners (19) (521)
Net income (loss) attributable to common shareowners $ 753 $ (83)
Earnings (loss) Per Share attributable to common shareowners - Basic:    
Income from continuing operations $ 0.51 $ 0.51
Loss from discontinued operations (0.01) (0.61)
Net income (loss) attributable to common shareowners 0.50 (0.10)
Earnings (loss) Per Share attributable to common shareowners - Diluted:    
Income from continuing operations 0.51 0.50
Loss from discontinued operations (0.01) (0.60)
Net income (loss) attributable to common shareowners $ 0.50 $ (0.10)
Product [Member]    
Net Sales:    
Net sales $ 11,664 $ 8,165
Costs and Expenses:    
Cost of Sales 9,974 6,629
Service [Member]    
Net Sales:    
Net sales 3,587 3,195
Costs and Expenses:    
Cost of Sales $ 2,563 $ 1,943