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CONSOLIDATED STATEMENT OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue $ 18,756 $ 19,153 $ 57,830 $ 56,597
Cost 9,953 10,172 [1] 31,582 30,703 [1]
Gross profit 8,803 8,981 [1] 26,249 25,894 [1]
Expense and other (income):        
Selling, general and administrative 4,363 4,606 [1] 14,665 14,666 [1]
Research, development and engineering 1,252 1,291 [1] 4,021 4,212 [1]
Intellectual property and custom development income (275) (308) (842) (1,118)
Other (income) and expense 275 159 [1] 968 751 [1]
Interest expense 191 168 530 451
Total expense and other (income) 5,807 5,917 [1] 19,341 18,962 [1]
Income from continuing operations before income taxes 2,996 3,065 6,908 6,931
Provision for income taxes 304 339 138 120
Income from continuing operations 2,692 2,726 6,770 6,811
Income/(loss) from discontinued operations, net of tax 2 0 7 (3)
Net income $ 2,694 $ 2,726 $ 6,777 $ 6,807
Assuming dilution:        
Continuing operations (in dollars per share) $ 2.94 $ 2.92 $ 7.36 $ 7.24
Discontinued operations (in dollars per share) 0.00 0.00 0.01 0.00
Total (in dollars per share) 2.94 2.92 7.37 7.24
Basic:        
Continuing operations (in dollars per share) 2.95 2.93 7.39 7.28
Discontinued operations (in dollars per share) 0.00 0.00 0.01 0.00
Total (in dollars per share) $ 2.95 $ 2.93 $ 7.40 $ 7.28
Weighted-average number of common shares outstanding:        
Assuming dilution (in shares) 915,212,631 933,227,429 920,006,890 940,209,466
Basic (in shares) 911,152,848 929,437,441 915,632,501 935,600,777
Cash dividend per common share $ 1.57 $ 1.50 $ 4.64 $ 4.40
Services        
Revenue $ 12,566 $ 12,703 $ 38,414 $ 37,592
Cost 8,040 8,265 [1] 25,519 25,034 [1]
Sales        
Revenue 5,800 6,017 18,221 17,744
Cost 1,625 1,584 [1] 5,216 4,779 [1]
Financing        
Revenue 389 433 1,195 1,260
Cost $ 287 $ 322 $ 846 $ 890
[1] Recast to reflect adoption of the FASB guidance on presentation of net periodic pension and nonpension postretirement benefit costs.