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CONSOLIDATED INCOME STATEMENT - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue $ 14,462 $ 14,252
Cost 6,719 6,743
Gross profit 7,742 7,509
Expense and other (income):    
Selling, general and administrative 4,974 4,853
Research, development and engineering 1,796 1,655
Intellectual property and custom development income (216) (180)
Other (income) and expense (317) (245)
Interest expense 432 367
Total expense and other (income) 6,669 6,451
Income from continuing operations before income taxes 1,074 1,058
Provision for/(benefit from) income taxes (502) 124
Income from continuing operations 1,575 934
Income/(loss) from discontinued operations, net of tax 30 (7)
Net income $ 1,605 $ 927
Assuming dilution:    
Continuing operations (in dollars per share) $ 1.69 $ 1.02
Discontinued operations (in dollars per share) 0.03 (0.01)
Total (in dollars per share) 1.72 1.01
Basic:    
Continuing operations (in dollars per share) 1.72 1.03
Discontinued operations (in dollars per share) 0.03 (0.01)
Total (in dollars per share) $ 1.75 $ 1.02
Weighted-average number of common shares outstanding:    
Assuming dilution (in shares) 933,431,312 917,845,279
Basic (in shares) 917,178,779 907,526,887
Services    
Revenue $ 7,470 $ 7,524
Cost 5,239 5,310
Sales    
Revenue 6,799 6,532
Cost 1,381 1,322
Financing    
Revenue 192 196
Cost $ 99 $ 110