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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 6,652 $ 6,706 $ 19,484 $ 19,133
Operating expenses:        
Cost of sales 1,588 1,609 4,659 4,736
Research and development 1,112 1,422 3,110 3,471
Acquired in-process research and development 0 0 0 1,505
Selling, general and administrative 1,287 1,305 3,842 3,943
Other 5 (8) 537 143
Total operating expenses 3,992 4,328 12,148 13,798
Operating income 2,660 2,378 7,336 5,335
Interest expense, net (368) (296) (991) (862)
Other income (expense), net 100 73 (747) 97
Income before income taxes 2,392 2,155 5,598 4,570
Provision for income taxes 249 271 662 576
Net income $ 2,143 $ 1,884 $ 4,936 $ 3,994
Earnings per share:        
Basic (in usd per share) $ 4.01 $ 3.32 $ 9.16 $ 6.98
Diluted (in usd per share) $ 3.98 $ 3.31 $ 9.11 $ 6.93
Shares used in calculation of earnings per share:        
Basic (in shares) 535 567 539 572
Diluted (in shares) 538 570 542 576
Product sales        
Revenues:        
Total revenues $ 6,237 $ 6,320 $ 18,249 $ 18,026
Other revenues        
Revenues:        
Total revenues $ 415 $ 386 $ 1,235 $ 1,107