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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]        
Revenues $ 4,253 $ 4,195 $ 8,479 $ 8,355
Cost of products sold 2,520 2,221 4,766 4,408
Selling and administrative expense 1,025 1,089 2,146 2,161
Research and development expense 264 252 535 510
Acquisitions and other restructurings 75 101 161 191
Other operating expense, net 0 396 0 61
Total Operating Costs and Expenses 3,884 4,059 7,607 7,332
Operating Income 370 136 871 1,024
Interest expense (134) (171) (270) (342)
Interest income 2 18 3 6
Other (expense) income, net (38) 20 (11) 30
Income Before Income Taxes 200 3 594 718
Income tax provision (benefit) 17 (17) 134 98
Net Income 183 20 461 619
Preferred stock dividends (38) (38) (76) (76)
Net income (loss) applicable to common shareholders $ 145 $ (18) $ 385 $ 544
Basic Earnings per Share (USD per share) $ 0.53 $ (0.07) $ 1.42 $ 2.02
Diluted Earnings per Share (USD per share) 0.53 (0.07) 1.40 1.98
Dividends per Common Share (USD per share) $ 0.79 $ 0.77 $ 1.58 $ 1.54