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CONSOLIDATED INCOME STATEMENT - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue $ 17,618 $ 17,560 $ 54,093 $ 53,253
Cost 9,447 9,130 28,714 28,202
Gross profit 8,171 8,430 25,379 25,052
Expense and other (income)        
Selling, general and administrative 4,860 4,647 15,368 15,849
Research, development and engineering 1,621 1,515 4,907 4,722
Intellectual property and custom development income (153) (134) (435) (453)
Other (income) and expense 234 253 911 614
Interest expense 291 323 852 971
Total expense and other (income) 6,852 6,603 21,603 21,704
Income from continuing operations before income taxes 1,319 1,827 3,776 3,348
Provision for/(benefit from) income taxes 188 128 365 (888)
Income from continuing operations 1,130 1,698 3,411 4,237
Income/(loss) from discontinued operations, net of tax   (1) (1) (2)
Net income $ 1,130 $ 1,698 $ 3,410 $ 4,234
Assuming dilution        
Continuing operations (in dollars per share) $ 1.25 $ 1.89 $ 3.77 $ 4.72
Discontinued operations (in dollars per share)   0.00 0.00 0.00
Total (in dollars per share) 1.25 1.89 3.77 4.72
Basic        
Continuing operations (in dollars per share) 1.26 1.90 3.81 4.76
Discontinued operations (in dollars per share)   0.00 0.00 0.00
Total (in dollars per share) $ 1.26 $ 1.90 $ 3.81 $ 4.76
Weighted-average number of common shares outstanding        
Assuming dilution (in shares) 905,953,114 897,292,233 903,977,539 895,756,850
Basic (in shares) 897,097,073 891,381,032 895,257,004 889,595,181
Services        
Revenue $ 11,418 $ 11,180 $ 34,307 $ 33,490
Cost 7,770 7,357 23,416 22,720
Sales        
Revenue 5,978 6,106 19,079 18,918
Cost 1,513 1,601 4,792 4,964
Financing        
Revenue 222 275 706 845
Cost $ 165 $ 172 $ 506 $ 517