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Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total revenues $ 29,446 $ 28,945 $ 26,134
Total cost of sales (19,736) (19,478) (18,256)
Gross profit 9,710 9,467 7,878
Selling, general and administrative expenses (5,132) (5,162) (4,895)
Non-order related research and development expenses (1,166) (1,219) (1,127)
Impairment of goodwill 0 0 (311)
Other income (expense), net (75) 2,632 48
Income from operations 3,337 5,718 1,593
Interest and dividend income 72 51 51
Interest and other finance expense (130) (148) (240)
Losses from extinguishment of debt 0 0 (162)
Non-operational pension (cost) credit 115 166 (401)
Income from continuing operations before taxes 3,394 5,787 841
Income tax expense (757) (1,057) (496)
Income from continuing operations, net of tax 2,637 4,730 345
Income (loss) from discontinued operations, net of tax (43) (80) 4,860
Net income 2,594 4,650 5,205
Net income attributable to noncontrolling interests and redeemable noncontrolling interests (119) (104) (59)
Net income attributable to ABB 2,475 4,546 5,146
Amounts attributable to ABB shareholders:      
Income from continuing operations, net of tax 2,517 4,625 294
Income (loss) from discontinued operations, net of tax (42) (79) 4,852
Net income $ 2,475 $ 4,546 $ 5,146
Basic earnings per share attributable to ABB shareholders:      
Income from continuing operations, net of tax (in dollars per share) $ 1.33 $ 2.31 $ 0.14
Income (loss) from discontinued operations, net of tax (in dollars per share) (0.02) (0.04) 2.30
Net income (in dollars per share) 1.30 2.27 2.44
Diluted earnings per share attributable to ABB shareholders:      
Income from continuing operations, net of tax (in dollars per share) 1.32 2.29 0.14
Income (loss) from discontinued operations, net of tax (in dollars per share) (0.02) (0.04) 2.29
Net income (in dollars per share) $ 1.30 $ 2.25 $ 2.43
Weighted-average number of shares outstanding (in millions) used to compute:      
Basic earnings per share attributable to ABB shareholders (in shares) 1,899 2,001 2,111
Diluted earnings per share attributable to ABB shareholders (in shares) 1,910 2,019 2,119
Products      
Total revenues $ 24,471 $ 23,745 $ 21,214
Total cost of sales (16,804) (16,364) (15,229)
Services and other      
Total revenues 4,975 5,200 4,920
Total cost of sales $ (2,932) $ (3,114) $ (3,027)