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Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net Sales:        
Net sales $ 16,314 $ 15,880 $ 32,030 $ 31,131
Costs and Expenses:        
Research and development 698 657 1,333 1,246
Selling, general and administrative 1,424 1,368 2,893 2,588
Total costs and expenses 14,978 14,680 29,642 29,026
Other income, net 17 82 45 190
Operating profit 1,353 1,282 2,433 2,295
Non-service pension income (474) (490) (954) (981)
Interest expense, net 329 342 647 688
Total non-operating expense (income), net (145) (148) (307) (293)
Income from continuing operations before income taxes 1,498 1,430 2,740 2,588
Income tax expense 160 342 276 687
Net income from continuing operations 1,338 1,088 2,464 1,901
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations 34 48 57 89
Income from continuing operations attributable to common shareowners 1,304 1,040 2,407 1,812
Loss from discontinued operations attributable to common shareowners 0 (8) (19) (27)
Net income attributable to common shareowners $ 1,304 $ 1,032 $ 2,388 $ 1,785
Earnings (loss) Per Share attributable to common shareowners - Basic:        
Income from continuing operations $ 0.88 $ 0.69 $ 1.62 $ 1.20
Loss from discontinued operations 0 0 (0.01) (0.02)
Net income attributable to common shareowners 0.88 0.69 1.61 1.18
Earnings (loss) Per Share attributable to common shareowners - Diluted:        
Income from continuing operations 0.88 0.69 1.61 1.20
Loss from discontinued operations 0 (0.01) (0.01) (0.02)
Net income attributable to common shareowners $ 0.88 $ 0.68 $ 1.60 $ 1.18
Product [Member]        
Net Sales:        
Net sales $ 12,258 $ 12,179 $ 24,120 $ 23,843
Costs and Expenses:        
Cost of Sales 10,040 9,997 19,860 19,971
Service [Member]        
Net Sales:        
Net sales 4,056 3,701 7,910 7,288
Costs and Expenses:        
Cost of Sales $ 2,816 $ 2,658 $ 5,556 $ 5,221