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Consolidated statements of income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue $ 3,390 $ 3,466 $ 9,846 $ 10,315
Cost of revenue (COR) 1,650 1,722 4,924 5,091
Gross profit 1,740 1,744 4,922 5,224
Research and development (R&D) 463 395 1,452 1,241
Selling, general and administrative (SG&A) 453 388 1,372 1,194
Restructuring charges/other (122) 0 (99) 0
Acquisition charges 106 147 363 162
Operating profit 840 814 1,834 2,627
Other income (expense), net (OI&E) 24 (19) 8 1
Interest and debt expense 21 15 62 21
Income before income taxes 843 780 1,780 2,607
Provision for income taxes 59 179 285 669
Net income $ 784 $ 601 $ 1,495 $ 1,938
Earnings per common share:        
Basic (in dollars per share) $ 0.68 $ 0.52 $ 1.29 $ 1.65
Diluted (in dollars per share) $ 0.67 $ 0.51 $ 1.27 $ 1.62
Average shares outstanding (millions):        
Basic (in shares) 1,130 1,144 1,138 1,156
Diluted (in shares) 1,141 1,157 1,153 1,177
Cash dividends declared per share of common stock (in dollars per share) $ 0.17 $ 0.13 $ 0.51 $ 0.39