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Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net Sales:        
Net sales $ 21,581 $ 19,721 $ 41,887 $ 39,026
Costs and Expenses:        
Research and development 697 706 1,334 1,375
Selling, general, and administrative 1,573 1,449 3,021 2,843
Total costs and expenses 19,475 18,296 37,750 36,103
Other income (expense), net 40 (896) 44 (524)
Operating profit 2,146 529 4,181 2,399
Non-operating expense (income), net:        
Non-service pension income (351) (374) (717) (760)
Interest expense, net 457 475 900 880
Total non-operating expense, net 106 101 183 120
Income before income taxes 2,040 428 3,998 2,279
Income tax expense 315 253 648 361
Net income 1,725 175 3,350 1,918
Less: Noncontrolling interest in subsidiaries’ earnings 68 64 158 98
Net income attributable to common shareowners $ 1,657 $ 111 $ 3,192 $ 1,820
Earnings Per Share attributable to common shareowners:        
Basic (in dollars per share) $ 1.24 $ 0.08 $ 2.38 $ 1.37
Diluted (in dollars per share) $ 1.22 $ 0.08 $ 2.36 $ 1.36
Products        
Net Sales:        
Net sales $ 15,551 $ 14,562 $ 30,142 $ 28,865
Costs and Expenses:        
Cost of sales 12,989 12,625 25,272 24,841
Services        
Net Sales:        
Net sales 6,030 5,159 11,745 10,161
Costs and Expenses:        
Cost of sales $ 4,216 $ 3,516 $ 8,123 $ 7,044