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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Product sales $ 21,795 $ 21,892 $ 20,944
Other revenues 1,054 1,099 718
Total revenues 22,849 22,991 21,662
Operating expenses:      
Cost of sales 4,069 4,162 4,227
Research and development 3,562 3,840 4,070
Selling, general and administrative 4,870 5,062 4,846
Other 375 133 49
Total operating expenses 12,876 13,197 13,192
Operating income 9,973 9,794 8,470
Interest expense, net 1,304 1,260 1,095
Interest and other income, net 928 629 603
Income before income taxes 9,597 9,163 7,978
Provision for income taxes 7,618 1,441 1,039
Net income $ 1,979 $ 7,722 $ 6,939
Earnings per share:      
Basic (in usd per share) $ 2.71 $ 10.32 $ 9.15
Diluted (in usd per share) $ 2.69 $ 10.24 $ 9.06
Shares used in the calculation of earnings per share:      
Basic (in shares) 731 748 758
Diluted (in shares) 735 754 766