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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net Sales $ 16,908 $ 17,226 $ 17,455
Cost of Goods Sold 9,529 9,920 10,436
Research and Development Expense 1,402 1,337 1,216
Selling, General and Administrative Expense 3,196 3,176 3,173
Amortization of Intangibles 685 683 702
Restructuring and asset related charges - net [1] 288 336 363
Other income (expense) - net (300) (448) (60)
Interest Expense 233 233 79
Income (loss) from continuing operations before income taxes 1,275 1,093 1,426
Provision for (benefit from) income taxes on continuing operations 412 152 210
Income (loss) from continuing operations after income taxes 863 941 1,216
Income (loss) from discontinued operations after income taxes 56 (194) (58)
Net income (loss) 919 747 1,158
Net income (loss) attributable to noncontrolling interests 12 12 11
Net Income (Loss) Attributable to the Company, Total $ 907 $ 735 $ 1,147
Basic earnings (loss) per share of common stock from continuing operations $ 1.23 $ 1.31 $ 1.67
Basic earnings (loss) per share of common stock from discontinued operations 0.08 (0.27) (0.08)
Basic earnings (loss) per share of common stock 1.31 1.04 1.59
Diluted earnings (loss) per share of common stock from continuing operations 1.22 1.30 1.66
Diluted earnings (loss) per share of common stock from discontinued operations 0.08 (0.27) (0.08)
Diluted earnings (loss) per share of common stock $ 1.30 $ 1.03 $ 1.58
EIDP      
Net Sales $ 16,908 $ 17,226 $ 17,455
Cost of Goods Sold 9,529 9,920 10,436
Research and Development Expense 1,402 1,337 1,216
Selling, General and Administrative Expense 3,196 3,176 3,173
Amortization of Intangibles 685 683 702
Restructuring and asset related charges - net 288 336 363
Other income (expense) - net (261) (448) (60)
Interest Expense 233 253 124
Income (loss) from continuing operations before income taxes 1,314 1,073 1,381
Provision for (benefit from) income taxes on continuing operations 421 147 199
Income (loss) from continuing operations after income taxes 893 926 1,182
Income (loss) from discontinued operations after income taxes 56 (194) (58)
Net income (loss) 949 732 1,124
Net income (loss) attributable to noncontrolling interests   2 1
Net Income (Loss) Attributable to the Company, Total $ 947 $ 730 $ 1,123
[1] Includes restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 6 - Restructuring and Asset Related Charges - Net, to the Consolidated Financial Statements, for additional information.