Consolidated Results of Operations for the Years Ended December 31 - USD ($) shares in Millions, $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Sales and revenues:
Total sales and revenues		$ 64,809	$ 67,060	$ 59,427
Operating costs:
Cost of goods sold		40,199	42,767	41,350
Selling, general and administrative expenses		6,667	6,371	5,651
Research and development expenses		2,107	2,108	1,814
Goodwill impairment charge		0	0	925
Other operating (income) expenses		1,478	1,818	1,218
Total operating costs		51,737	54,094	51,523
Operating profit		13,072	12,966	7,904
Other income (expense)		813	595	1,291
Consolidated profit before taxes		13,373	13,050	8,752
Provision (benefit) for income taxes		2,629	2,781	2,067
Profit of consolidated companies		10,744	10,269	6,685
Equity in profit (loss) of unconsolidated affiliated companies		44	63	19
Profit of consolidated and affiliated companies		10,788	10,332	6,704
Less: comprehensive income (loss) attributable to the noncontrolling interests		(4)	(3)	(1)
Profit (loss)	[1]	$ 10,792	$ 10,335	$ 6,705
Profit per common share (in dollars per share)		$ 22.17	$ 20.24	$ 12.72
Profit per common share - diluted (in dollars per share)	[2]	$ 22.05	$ 20.12	$ 12.64
Weighted-average common shares outstanding (millions)
Basic (in shares)		486.7	510.6	526.9
Diluted (in shares)	[2]	489.4	513.6	530.4
Machinery, Energy & Transportation
Sales and revenues:
Total sales and revenues		$ 61,363	$ 63,869	$ 56,574
Financial Products
Sales and revenues:
Total sales and revenues		3,446	3,191	2,853
Operating costs:
Interest expense of Financial Products		1,286	1,030	565
All other excluding Financial Products
Operating costs:
Interest expense excluding Financial Products		$ 512	$ 511	$ 443

[1] Profit attributable to common shareholders.

[2] Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.