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CONSOLIDATED INCOME STATEMENT - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue $ 17,162 $ 16,977 $ 33,079 $ 31,519
Cost 7,255 7,001 14,222 13,511
Gross profit 9,907 9,977 18,857 18,008
Expense and other (income):        
Selling, general and administrative 4,981 5,027 10,071 9,913
Research and development 2,311 2,097 4,485 4,047
Intellectual property and custom development income (166) (215) (338) (468)
Other (income) and expense (185) (39) (186) (204)
Interest expense 486 510 959 965
Total expense and other (income) 7,428 7,380 14,991 14,253
Income from continuing operations before income taxes 2,479 2,597 3,866 3,755
Provision for/(benefit from) income taxes 313 404 484 507
Income from continuing operations 2,166 2,193 3,382 3,248
Income/(loss) from discontinued operations, net of tax (1) 1 (1) 1
Net income $ 2,165 $ 2,194 $ 3,381 $ 3,249
Assuming dilution:        
Continuing operations (in dollars per share) $ 2.27 $ 2.31 $ 3.55 $ 3.43
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Total (in dollars per share) 2.27 2.31 3.55 3.43
Basic:        
Continuing operations (in dollars per share) 2.30 2.36 3.60 3.49
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Total (in dollars per share) $ 2.30 $ 2.36 $ 3.60 $ 3.50
Weighted-average number of common shares outstanding:        
Assuming dilution (in shares) 953,263,534 947,961,917 952,697,295 946,665,073
Basic (in shares) 941,192,024 930,807,276 939,862,828 929,407,000
Services        
Revenue $ 7,927 $ 7,682 $ 15,615 $ 14,962
Cost 5,294 5,280 10,538 10,282
Sales        
Revenue 9,049 9,129 17,058 16,199
Cost 1,854 1,630 3,453 3,034
Financing        
Revenue 186 166 406 357
Cost $ 107 $ 90 $ 232 $ 194