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Consolidated statements of income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue $ 3,335 $ 3,458 $ 6,456 $ 6,849
Cost of revenue (COR) 1,684 1,705 3,274 3,369
Gross profit 1,651 1,753 3,182 3,480
Research and development (R&D) 480 424 989 846
Selling, general and administrative (SG&A) 456 411 918 806
Restructuring charges 13 0 23 0
Acquisition charges 104 13 257 15
Operating profit 598 905 995 1,813
Other income (expense) net (OI&E) (2) 10 (17) 19
Interest and debt expense 20 6 41 6
Income before income taxes 576 909 937 1,826
Provision for income taxes 130 237 226 488
Net income $ 446 $ 672 $ 711 $ 1,338
Earnings per common share:        
Basic (in dollars per share) $ 0.38 $ 0.57 $ 0.61 $ 1.13
Diluted (in dollars per share) $ 0.38 $ 0.56 $ 0.60 $ 1.11
Average shares outstanding (millions):        
Basic (in shares) 1,140 1,156 1,142 1,161
Diluted (in shares) 1,154 1,180 1,159 1,187
Cash dividends declared per share of common stock (in dollars per share) $ 0.17 $ 0.13 $ 0.34 $ 0.26