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CONSOLIDATED STATEMENT OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Services $ 12,703 $ 12,938 $ 37,592 $ 38,347
Sales 6,017 5,872 17,744 18,542
Financing 433 417 1,260 1,260
Total revenue 19,153 19,226 56,597 58,149
Cost:        
Services 8,426 8,418 25,502 25,492
Sales 1,605 1,536 4,839 4,496
Financing 322 259 890 760
Total cost 10,353 10,213 31,232 30,748
Gross profit 8,800 9,013 25,365 27,401
Expense and other (income):        
Selling, general and administrative 4,648 4,732 14,959 16,093
Research, development and engineering 1,342 1,397 4,360 4,320
Intellectual property and custom development income (308) (528) (1,118) (1,110)
Other (income) and expense (114) (8) (218) 281
Interest expense 168 158 451 473
Total expense and other (income) 5,735 5,751 18,434 20,056
Income from continuing operations before income taxes 3,065 3,263 6,931 7,345
Provision for/(benefit from) income taxes 339 409 120 (31)
Income from continuing operations 2,726 2,854 6,811 7,375
Loss from discontinued operations, net of tax 0 (1) (3) (4)
Net income $ 2,726 $ 2,853 $ 6,807 $ 7,371
Assuming dilution:        
Continuing operations (in dollars per share) $ 2.92 $ 2.98 $ 7.24 $ 7.67
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Total (in dollars per share) 2.92 2.98 7.24 7.67
Basic:        
Continuing operations (in dollars per share) 2.93 2.99 7.28 7.70
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Total (in dollars per share) $ 2.93 $ 2.99 $ 7.28 $ 7.70
Weighted-average number of common shares outstanding:        
Assuming dilution (in shares) 933,227,429 957,317,284 940,209,466 960,724,182
Basic (in shares) 929,437,441 953,995,828 935,600,777 957,693,385
Cash dividend per common share $ 1.50 $ 1.40 $ 4.40 $ 4.10