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CONSOLIDATED INCOME STATEMENT - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue $ 15,770 $ 15,475 $ 30,231 $ 29,727
Cost 6,820 6,974 13,539 13,717
Gross profit 8,950 8,501 16,692 16,010
Expense and other (income):        
Selling, general and administrative 4,938 4,900 9,912 9,754
Research, development and engineering 1,840 1,687 3,637 3,342
Intellectual property and custom development income (241) (248) (458) (428)
Other (income) and expense (233) (261) (550) (506)
Interest expense 427 423 859 790
Total expense and other (income) 6,730 6,501 13,399 12,952
Income from continuing operations before income taxes 2,219 2,000 3,293 3,058
Provision for/(benefit from) income taxes 389 419 (112) 543
Income from continuing operations 1,830 1,581 3,405 2,515
Income/(loss) from discontinued operations, net of tax 4 2 34 (4)
Net income $ 1,834 $ 1,583 $ 3,439 $ 2,511
Assuming dilution:        
Continuing operations (in dollars per share) $ 1.96 $ 1.72 $ 3.65 $ 2.74
Discontinued operations (in dollars per share) 0.00 0.00 0.04 0.00
Total (in dollars per share) 1.96 1.72 3.68 2.73
Basic:        
Continuing operations (in dollars per share) 1.99 1.74 3.71 2.77
Discontinued operations (in dollars per share) 0.00 0.00 0.04 0.00
Total (in dollars per share) $ 1.99 $ 1.74 $ 3.74 $ 2.76
Weighted-average number of common shares outstanding:        
Assuming dilution (in shares) 934,397,595 919,452,496 933,914,454 918,648,888
Basic (in shares) 920,287,541 909,855,943 918,733,160 908,691,415
Services        
Revenue $ 7,405 $ 7,553 $ 14,876 $ 15,077
Cost 5,126 5,294 10,365 10,604
Sales        
Revenue 8,195 7,739 14,994 14,271
Cost 1,607 1,587 2,988 2,910
Financing        
Revenue 169 183 361 380
Cost $ 86 $ 93 $ 186 $ 203