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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]        
Revenues $ 4,907 $ 4,253 $ 10,223 $ 8,479
Cost of products sold 2,661 2,520 5,244 4,766
Selling and administrative expense 1,148 1,025 2,298 2,146
Research and development expense 317 264 608 535
Acquisitions and other restructurings 52 75 102 161
Other operating expense 296 0 296 0
Total Operating Costs and Expenses 4,473 3,884 8,547 7,607
Operating Income 434 370 1,676 871
Interest expense (124) (134) (242) (270)
Interest income 2 2 5 3
Other (expense) income, net (8) (38) 24 (11)
Income Before Income Taxes 305 200 1,462 594
Income tax provision 6 17 160 134
Net Income 299 183 1,302 461
Preferred stock dividends (23) (38) (45) (76)
Net income applicable to common shareholders $ 277 $ 145 $ 1,257 $ 385
Basic Earnings per Share (USD per share) $ 0.95 $ 0.53 $ 4.32 $ 1.42
Diluted Earnings per Share (USD per share) 0.94 0.53 4.28 1.40
Dividends per Common Share (USD per share) $ 0.83 $ 0.79 $ 1.66 $ 1.58