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CONSOLIDATED INCOME STATEMENT - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 67,535 $ 62,753 $ 61,860
Cost 28,239 27,201 27,560
Gross profit 39,297 35,551 34,300
Expense and other (income)      
Selling, general and administrative 20,123 19,688 19,003
Research and development 8,316 7,479 6,775
Intellectual property and custom development income (964) (996) (860)
Other (income) and expense [1] (442) 1,871 (914)
Interest expense 1,935 1,712 1,607
Total expense and other (income) 28,968 29,754 25,610
Income from continuing operations before income taxes 10,328 5,797 8,690
Provision for/(benefit from) income taxes [1] (242) (218) 1,176
Income from continuing operations 10,571 6,015 7,514
Income/(loss) from discontinued operations, net of tax 22 8 (12)
Net income [1] $ 10,593 $ 6,023 $ 7,502
Assuming dilution      
Continuing operations (in dollars per share) [1] $ 11.14 $ 6.42 $ 8.15
Discontinued operations (in dollars per share) [1] 0.02 0.01 (0.01)
Total (in dollars per share) [1] 11.17 6.43 8.14
Basic      
Continuing operations (in dollars per share) [1] 11.34 6.53 8.25
Discontinued operations (in dollars per share) [1] 0.02 0.01 (0.01)
Total (in dollars per share) [1] $ 11.36 $ 6.53 $ 8.23
Weighted-average number of common shares outstanding      
Assuming dilution (in shares) 948,675,228 937,161,224 922,073,828
Basic (in shares) 932,293,927 921,767,834 911,210,319
Services      
Revenue $ 30,714 $ 29,813 $ 30,378
Cost 20,975 20,529 21,051
Sales      
Revenue 36,085 32,231 30,745
Cost 6,861 6,303 6,127
Financing      
Revenue 737 709 737
Cost $ 403 $ 369 $ 382
[1] Refer to "Basis of Presentation" in note A, "Significant Accounting Policies," for additional information.