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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
Revenues        
Total revenues $ 3,343 $ 3,078 $ 9,791 $ 9,233
Costs, expenses and other        
Selling and administrative expense 303 266 897 850
Interest expense, net 19 24 58 87
Non-service components of pension and postretirement income, net (59) (60) (177) (180)
Total costs, expenses and other 3,042 2,814 8,934 8,474
Income from continuing operations before income taxes 301 264 857 759
Income tax expense 32 39 134 123
Income from continuing operations 269 225 723 636
Loss from discontinued operations 0 0 0 (1)
Net income $ 269 $ 225 $ 723 $ 635
Basic earnings per share        
Continuing operations (in dollars per share) $ 1.36 $ 1.06 $ 3.59 $ 2.96
Diluted earnings per share        
Continuing operations (in dollars per share) $ 1.35 $ 1.06 $ 3.56 $ 2.94
Manufacturing group        
Costs, expenses and other        
Income from continuing operations     $ 690 $ 615
Finance group        
Revenues        
Total revenues $ 13 $ 11 43 41
Costs, expenses and other        
Income from continuing operations     33 21
Product        
Costs, expenses and other        
Cost of products/services sold 2,355 2,243 6,996 6,616
Product | Manufacturing group        
Revenues        
Total revenues 2,791 2,608 8,258 7,745
Service        
Costs, expenses and other        
Cost of products/services sold 424 341 1,160 1,101
Service | Manufacturing group        
Revenues        
Total revenues $ 539 $ 459 $ 1,490 $ 1,447