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CONSOLIDATED INCOME STATEMENT - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue $ 15,475 $ 15,535 $ 29,727 $ 29,732
Cost 6,974 7,246 13,717 14,107
Gross profit 8,501 8,290 16,010 15,625
Expense and other (income):        
Selling, general and administrative 4,900 4,855 9,754 9,452
Research, development and engineering 1,687 1,673 3,342 3,352
Intellectual property and custom development income (248) (176) (428) (297)
Other (income) and expense (261) (81) (506) 166
Interest expense 423 297 790 607
Total expense and other (income) 6,501 6,568 12,952 13,280
Income from continuing operations before income taxes 2,000 1,722 3,058 2,345
Provision for income taxes 419 257 543 218
Income from continuing operations 1,581 1,465 2,515 2,127
Income/(loss) from discontinued operations, net of tax 2 (73) (4) (2)
Net income $ 1,583 $ 1,392 $ 2,511 $ 2,125 [1]
Assuming dilution:        
Continuing operations (in dollars per share) $ 1.72 $ 1.61 $ 2.74 $ 2.34
Discontinued operations (in dollars per share) 0.00 (0.08) 0.00 0.00
Total (in dollars per share) 1.72 1.53 2.73 2.34
Basic:        
Continuing operations (in dollars per share) 1.74 1.62 2.77 2.36
Discontinued operations (in dollars per share) 0.00 (0.08) 0.00 0.00
Total (in dollars per share) $ 1.74 $ 1.54 $ 2.76 $ 2.36
Weighted-average number of common shares outstanding:        
Assuming dilution (in shares) 919,452,496 910,749,734 918,648,888 909,987,935
Basic (in shares) 909,855,943 901,470,793 908,691,415 900,393,410
Services        
Revenue $ 7,553 $ 7,640 $ 15,077 $ 15,343
Cost 5,294 5,399 10,604 10,747
Sales        
Revenue 7,739 7,748 14,271 14,087
Cost 1,587 1,750 2,910 3,165
Financing        
Revenue 183 147 380 303
Cost $ 93 $ 96 $ 203 $ 194
[1] Includes immaterial cash flows from discontinued operations.