XML 22 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 26,323 $ 25,979 $ 25,424
Operating expenses:      
Cost of sales 6,406 6,454 6,159
Research and development 4,434 4,819 4,207
Acquired in-process research and development 0 1,505 0
Selling, general and administrative 5,414 5,368 5,730
Other 503 194 189
Total operating expenses 16,757 18,340 16,285
Operating income 9,566 7,639 9,139
Interest expense, net (1,406) (1,197) (1,262)
Other (expense) income, net (814) 259 256
Income before income taxes 7,346 6,701 8,133
Provision for income taxes 794 808 869
Net income $ 6,552 $ 5,893 $ 7,264
Earnings per share:      
Basic (in usd per share) $ 12.18 $ 10.34 $ 12.40
Diluted (in usd per share) $ 12.11 $ 10.28 $ 12.31
Shares used in the calculation of earnings per share:      
Basic (in shares) 538 570 586
Diluted (in shares) 541 573 590
Product sales      
Revenues:      
Total revenues $ 24,801 $ 24,297 $ 24,240
Other revenues      
Revenues:      
Total revenues $ 1,522 $ 1,682 $ 1,184