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STATEMENT OF EARNINGS (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Insurance revenue (Note 12) $ 3,581 $ 3,389 $ 2,957
Total revenue 38,702 35,348 29,139
Costs and expenses      
Selling, general and administrative expenses 4,437 4,045 3,672
Separation costs 492 692 625
Research and development 1,286 1,011 808
Interest and other financial charges 986 1,029 1,339
Debt extinguishment costs 0 0 465
Insurance losses, annuity benefits and other costs (Note 12) 2,429 2,886 2,592
Goodwill impairments (Note 7) 251 0 0
Non-operating benefit cost (income) (842) (978) (60)
Total costs and expenses 33,346 31,625 28,428
Other income (loss) (Note 19) 2,264 6,718 811
Earnings (loss) from continuing operations before income taxes 7,620 10,441 1,522
Benefit (provision) for income taxes (Note 15) (962) (994) (169)
Earnings (loss) from continuing operations 6,657 9,448 1,353
Earnings (loss) from discontinued operations, net of taxes (Note 2) (91) (3) (949)
Net earnings (loss) 6,566 9,445 403
Less net earnings (loss) attributable to noncontrolling interests 11 (37) 67
Net earnings (loss) attributable to the Company 6,556 9,482 336
Preferred stock dividends and other 0 (295) (289)
Net earnings (loss) attributable to common shareholders 6,556 9,188 48
Amounts attributable to common shareholders      
Earnings (loss) from continuing operations 6,657 9,448 1,353
Less net earnings (loss) attributable to noncontrolling interests, continuing operations (13) (1) 2
Earnings (loss) from continuing operations attributable to the Company 6,670 9,449 1,350
Preferred stock dividends and other 0 (295) (289)
Earnings (loss) from continuing operations attributable to common shareholders 6,670 9,154 1,061
Earnings (loss) from discontinued operations attributable to common shareholders (114) 33 (1,014)
Net earnings (loss) attributable to common shareholders $ 6,556 $ 9,188 $ 48
Earnings (loss) per share from continuing operations (Note 18)      
Diluted earnings (loss) per share (in dollars per share) $ 6.09 $ 8.33 $ 0.97
Basic earnings (loss) per share (in dollars per share) 6.15 8.41 0.97
Net earnings (loss) per share (Note 18)      
Diluted earnings (loss) per share (in dollars per share) 5.99 8.36 0.05
Basic earnings (loss) per share (in dollars per share) $ 6.04 $ 8.44 $ 0.05
Equipment      
Revenues      
Sales $ 10,274 $ 9,318 $ 7,837
Costs and expenses      
Cost of sales 10,341 9,900 8,151
Services      
Revenues      
Sales 24,847 22,641 18,345
Costs and expenses      
Cost of sales $ 13,967 $ 13,039 $ 10,836