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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 9,557 $ 8,503 $ 26,885 $ 24,338
Operating expenses:        
Cost of sales 3,082 3,310 9,061 9,746
Research and development 1,900 1,450 5,130 4,240
Selling, general and administrative 1,720 1,625 5,098 5,218
Other 329 71 1,236 187
Total operating expenses 7,031 6,456 20,525 19,391
Operating income 2,526 2,047 6,360 4,947
Other income (expense):        
Interest expense, net (685) (776) (2,102) (2,408)
Other income, net 2,080 1,830 3,204 1,288
Income before income taxes 3,921 3,101 7,462 3,827
Provision for income taxes 705 271 1,084 364
Net income $ 3,216 $ 2,830 $ 6,378 $ 3,463
Earnings per share:        
Basic (in usd per share) $ 5.98 $ 5.27 $ 11.86 $ 6.45
Diluted (in usd per share) $ 5.93 $ 5.22 $ 11.77 $ 6.40
Weighted-average shares used in calculation of earnings per share:        
Basic (in shares) 538 537 538 537
Diluted (in shares) 542 542 542 541
Product sales        
Revenues:        
Total revenues $ 9,137 $ 8,151 $ 25,781 $ 23,310
Other revenues        
Revenues:        
Total revenues $ 420 $ 352 $ 1,104 $ 1,028