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Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net Sales:        
Net sales $ 16,213 $ 14,747 $ 47,344 $ 40,168
Costs and Expenses:        
Research and development 676 642 1,922 1,872
Selling, general and administrative 1,229 1,401 3,817 4,189
Total costs and expenses 14,994 15,047 44,020 39,851
Goodwill impairment 0 0 0 (3,183)
Other income, net 124 734 314 835
Operating profit (loss) 1,343 434 3,638 (2,031)
Non-service pension benefit (491) (253) (1,472) (658)
Interest expense, net 358 350 1,046 1,017
Total non-operating expense (income), net (133) 97 (426) 359
Income (loss) from continuing operations before income taxes 1,476 337 4,064 (2,390)
Income tax expense 3 152 690 753
Net income (loss) from continuing operations 1,473 185 3,374 (3,143)
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations 73 34 162 112
Income (loss) from continuing operations attributable to common shareowners 1,400 151 3,212 (3,255)
Discontinued operations (Note 3):        
Income (loss) from discontinued operations, before tax (1) 13 (31) (219)
Income tax expense (benefit) from discontinued operations 6 (100) 3 137
Net income (loss) from discontinued operations (7) 113 (34) (356)
Less: Noncontrolling interest in subsidiaries’ earnings from discontinued operations 0 0 0 43
Income (loss) from discontinued operations attributable to common shareowners (7) 113 (34) (399)
Net income (loss) attributable to common shareowners $ 1,393 $ 264 $ 3,178 $ (3,654)
Earnings (loss) Per Share attributable to common shareowners - Basic:        
Income (loss) from continuing operations $ 0.93 $ 0.10 $ 2.13 $ (2.48)
Income (loss) from discontinued operations 0 0.08 (0.02) (0.30)
Net income (loss) attributable to common shareowners 0.93 0.17 2.11 (2.79)
Earnings (loss) Per Share attributable to common shareowners - Diluted:        
Income (loss) from continuing operations 0.93 0.10 2.13 (2.48)
Income (loss) from discontinued operations 0 0.08 (0.03) (0.30)
Net income (loss) attributable to common shareowners $ 0.93 $ 0.17 $ 2.10 $ (2.79)
Product [Member]        
Net Sales:        
Net sales $ 12,331 $ 11,469 $ 36,174 $ 30,402
Costs and Expenses:        
Cost of Sales 10,296 10,322 30,267 26,571
Service [Member]        
Net Sales:        
Net sales 3,882 3,278 11,170 9,766
Costs and Expenses:        
Cost of Sales $ 2,793 $ 2,682 $ 8,014 $ 7,219