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STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Insurance revenues (Note 12) $ 871 $ 847 $ 1,750 $ 1,639
Total revenues 9,094 8,755 18,048 16,591
Costs and expenses        
Selling, general and administrative expenses 924 913 1,950 1,845
Separation costs 75 163 334 327
Research and development 300 239 570 468
Interest and other financial charges 248 249 511 497
Insurance losses, annuity benefits and other costs (Note 12) 667 735 1,293 1,418
Non-operating benefit cost (income) (204) (249) (421) (488)
Total costs and expenses 7,584 7,742 15,558 14,759
Other income (loss) (Note 18) (63) 496 944 6,600
Earnings (loss) from continuing operations before income taxes 1,447 1,509 3,434 8,432
Benefit (provision) for income taxes (Note 15) (125) (253) (369) (467)
Earnings (loss) from continuing operations 1,322 1,256 3,065 7,965
Earnings (loss) from discontinued operations, net of taxes (Note 2) (54) (1,218) (232) (447)
Net earnings (loss) 1,268 37 2,833 7,518
Less net earnings (loss) attributable to noncontrolling interests 2 4 28 (23)
Net earnings (loss) attributable to the Company 1,266 33 2,805 7,541
Preferred stock dividends 0 (58) 0 (204)
Net earnings (loss) attributable to common shareholders 1,266 (25) 2,805 7,338
Amounts attributable to common shareholders        
Earnings (loss) from continuing operations 1,322 1,256 3,065 7,965
Less net earnings (loss) attributable to noncontrolling interests, continuing operations 2 2 4 6
Earnings (loss) from continuing operations attributable to the Company 1,320 1,254 3,061 7,958
Preferred stock dividends 0 (58) 0 (204)
Earnings (loss) from continuing operations attributable to common shareholders 1,320 1,195 3,061 7,755
Earnings (loss) from discontinued operations attributable to common shareholders (54) (1,221) (256) (417)
Net earnings (loss) attributable to common shareholders $ 1,266 $ (25) $ 2,805 $ 7,338
Earnings (loss) per share from continuing operations (Note 17)        
Diluted earnings (loss) per share (in dollars per share) $ 1.20 $ 1.09 $ 2.78 $ 7.06
Basic earnings (loss) per share (in dollars per share) 1.21 1.10 2.81 7.12
Net earnings (loss) per share (Note 17)        
Diluted earnings (loss) per share (in dollars per share) 1.15 (0.02) 2.55 6.68
Basic earnings (loss) per share (in dollars per share) $ 1.16 $ (0.02) $ 2.58 $ 6.74
Equipment        
Revenues        
Sales $ 2,175 $ 2,532 $ 4,596 $ 4,506
Costs and expenses        
Cost of sales 2,302 2,626 4,767 4,744
Services        
Revenues        
Sales 6,047 5,375 11,702 10,446
Costs and expenses        
Cost of sales $ 3,273 $ 3,066 $ 6,554 $ 5,947