XML 33 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 28,190 $ 26,323 $ 25,979
Operating expenses:      
Cost of sales 8,451 6,406 6,454
Research and development 4,784 4,434 4,819
Acquired in-process research and development 0 0 1,505
Selling, general and administrative 6,179 5,414 5,368
Other 879 503 194
Total operating expenses 20,293 16,757 18,340
Operating income 7,897 9,566 7,639
Other income (expense):      
Interest expense, net (2,875) (1,406) (1,197)
Other income (expense), net 2,833 (814) 259
Income before income taxes 7,855 7,346 6,701
Provision for income taxes 1,138 794 808
Net income $ 6,717 $ 6,552 $ 5,893
Earnings per share:      
Basic (in usd per share) $ 12.56 $ 12.18 $ 10.34
Diluted (in usd per share) $ 12.49 $ 12.11 $ 10.28
Shares used in the calculation of earnings per share:      
Basic (in shares) 535 538 570
Diluted (in shares) 538 541 573
Product sales      
Revenues:      
Total revenues $ 26,910 $ 24,801 $ 24,297
Other revenues      
Revenues:      
Total revenues $ 1,280 $ 1,522 $ 1,682