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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 3,822 $ 4,531 $ 7,483 $ 8,910
Cost of revenue (COR) 1,611 1,621 3,177 3,137
Gross profit 2,211 2,910 4,306 5,773
Research and development (R&D) 498 477 976 932
Selling, general and administrative (SG&A) 465 461 920 935
Restructuring charges/other 0 0 (124) 0
Operating profit 1,248 1,972 2,534 3,906
Other income (expense), net (OI&E) 130 119 253 199
Interest and debt expense 131 89 247 157
Income before income taxes 1,247 2,002 2,540 3,948
Provision for income taxes 120 280 308 518
Net income $ 1,127 $ 1,722 $ 2,232 $ 3,430
Earnings per common share (EPS):        
Basic (in dollars per share) $ 1.23 $ 1.89 $ 2.44 $ 3.76
Diluted (in dollars per share) $ 1.22 $ 1.87 $ 2.42 $ 3.72
Average shares outstanding:        
Basic (in shares) 912 908 911 907
Diluted (in shares) 919 916 918 916
Diluted EPS:        
Net income $ 1,127 $ 1,722 $ 2,232 $ 3,430
Income allocated to RSUs (6) (8) (11) (18)
Income allocated to common stock for diluted EPS $ 1,121 $ 1,714 $ 2,221 $ 3,412