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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Revenues $ 5,315 $ 4,225
Cost of products sold 2,583 2,247
Selling and administrative expense 1,149 1,121
Research and development expense 291 270
Acquisitions and other restructurings 50 86
Total Operating Costs and Expenses 4,074 3,724
Operating Income 1,241 501
Interest expense (118) (136)
Interest income 2 1
Other income, net 32 27
Income Before Income Taxes 1,157 394
Income tax provision 154 117
Net Income 1,003 278
Preferred stock dividends (23) (38)
Net income applicable to common shareholders $ 981 $ 240
Basic Earnings per Share (USD per share) $ 3.38 $ 0.88
Diluted Earnings per Share (USD per share) 3.35 0.87
Dividends per Common Share (USD per share) $ 0.83 $ 0.79