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CONSOLIDATED INCOME STATEMENT - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
[1]
Jun. 30, 2022
Jun. 30, 2021
[1]
Revenue $ 15,535 $ 14,218 $ 29,732 $ 27,405
Cost 7,246 6,366 14,107 12,526
Gross profit 8,290 7,852 15,625 14,879
Expense and other (income)        
Selling, general and administrative 4,855 4,849 9,452 9,536
Research, development and engineering 1,673 1,641 3,352 3,257
Intellectual property and custom development income (176) (133) (297) (278)
Other (income) and expense (81) 302 166 647
Interest expense 297 281 607 561
Total expense and other (income) 6,568 6,940 13,280 13,724
Income from continuing operations before income taxes 1,722 912 2,345 1,155
Provision for/(benefit from) income taxes 257 101 218 (58)
Income from continuing operations 1,465 810 2,127 1,213
Income/(loss) from discontinued operations, net of tax (73) 515 (2) 1,067
Net income $ 1,392 $ 1,325 [2] $ 2,125 $ 2,280 [2]
Assuming dilution        
Continuing operations (in dollars per share) $ 1.61 $ 0.90 $ 2.34 $ 1.34
Discontinued operations (in dollars per share) (0.08) 0.57 0.00 1.18
Total (in dollars per share) 1.53 1.47 2.34 2.52
Basic        
Continuing operations (in dollars per share) 1.62 0.91 2.36 1.36
Discontinued operations (in dollars per share) (0.08) 0.57 0.00 1.19
Total (in dollars per share) $ 1.54 $ 1.48 $ 2.36 $ 2.55
Weighted-average number of common shares outstanding        
Assuming dilution (in shares) 910,749,734 904,233,439 909,987,935 902,989,752
Basic (in shares) 901,470,793 895,043,024 900,393,410 894,336,970
Services.        
Revenue $ 7,640 $ 7,201 $ 15,343 $ 14,297
Cost 5,399 4,720 10,747 9,364
Sales        
Revenue 7,748 6,808 [3] 14,087 12,687 [3]
Cost 1,750 1,499 [3] 3,165 2,878 [3]
Financing.        
Revenue 147 209 [3] 303 420 [3]
Cost $ 96 $ 146 [3] $ 194 $ 283 [3]
[1] Reclassified to reflect discontinued operations presentation.
[2] Amounts presented have not been recast to exclude discontinued operations.
[3] Reclassified to conform to current year presentation.