XML 26 R3.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net Sales $ 17,401 $ 16,908 $ 17,226
Cost of Goods Sold 9,172 9,529 9,920
Research and Development Expense 1,474 1,402 1,337
Selling, General and Administrative Expense 3,492 3,196 3,176
Amortization of Intangibles 644 685 683
Restructuring and asset related charges - net [1] 146 288 336
Business Separation Costs $ 35 $ 0 $ 0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Other income (expense) - net Other income (expense) - net Other income (expense) - net
Other income (expense) - net $ (570) $ (300) $ (448)
Interest Expense 180 233 233
Income (loss) from continuing operations before income taxes 1,688 1,275 1,093
Provision for (benefit from) income taxes on continuing operations 484 412 152
Income (loss) from continuing operations after income taxes 1,204 863 941
Income (loss) from discontinued operations after income taxes (99) 56 (194)
Net income (loss) 1,105 919 747
Net income (loss) attributable to noncontrolling interests 11 12 12
Net Income (Loss) attributable to Company $ 1,094 $ 907 $ 735
Basic earnings (loss) per share of common stock from continuing operations $ 1.75 $ 1.23 $ 1.31
Basic earnings (loss) per share of common stock from discontinued operations (0.15) 0.08 (0.27)
Basic earnings (loss) per share of common stock 1.60 1.31 1.04
Diluted earnings (loss) per share of common stock from continuing operations 1.75 1.22 1.30
Diluted earnings (loss) per share of common stock from discontinued operations (0.15) 0.08 (0.27)
Diluted earnings (loss) per share of common stock $ 1.60 $ 1.30 $ 1.03
EIDP      
Net Sales $ 17,401 $ 16,908 $ 17,226
Cost of Goods Sold 9,172 9,529 9,920
Research and Development Expense 1,474 1,402 1,337
Selling, General and Administrative Expense 3,492 3,196 3,176
Amortization of Intangibles 644 685 683
Restructuring and asset related charges - net 146 288 336
Business Separation Costs 35 0 0
Other income (expense) - net (570) (261) (448)
Interest Expense 180 233 253
Income (loss) from continuing operations before income taxes 1,688 1,314 1,073
Provision for (benefit from) income taxes on continuing operations 484 421 147
Income (loss) from continuing operations after income taxes 1,204 893 926
Income (loss) from discontinued operations after income taxes (99) 56 (194)
Net income (loss) 1,105 949 732
Net income (loss) attributable to noncontrolling interests   2 2
Net Income (Loss) attributable to Company $ 1,104 $ 947 $ 730
[1] Includes restructuring plans and asset related charges as well as accelerated prepaid amortization expense. See Note 5 - Restructuring and Asset Related Charges - Net, to the Consolidated Financial Statements, for additional information.