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Consolidated Income Statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net Sales $ 16,447 $ 16,805 $ 17,146
Cost of products sold 10,524 10,516 10,877
Gross Profit 5,923 6,289 6,269
Marketing, research and general expenses 3,528 3,930 3,615
Impairment of intangible assets 0 97 658
Other (income) and expense, net 44 (438) 68
Operating Profit 2,351 2,700 1,928
Nonoperating expense (67) (60) (95)
Interest income 24 48 66
Interest expense (256) (270) (293)
Income from Continuing Operations Before Income Taxes and Equity Interests 2,052 2,418 1,606
Provision for income taxes (599) (442) (343)
Income from Continuing Operations Before Equity Interests 1,453 1,976 1,263
Share of net income of equity companies 196 216 196
Income from Continuing Operations 1,649 2,192 1,459
Income from Discontinued Operations, Net of Income Taxes 400 386 305
Net income 2,049 2,578 1,764
Net income attributable to noncontrolling interests (28) (33) 0
Net Income $ 2,021 $ 2,545 $ 1,764
Per Share Basis      
Continuing operations $ 4.88 $ 6.43 $ 4.32
Discontinued operations 1.21 1.15 0.90
Basic Earnings per Share 6.09 7.58 5.22
Continuing operations 4.86 6.41 4.31
Discontinued operations 1.21 1.14 0.90
Diluted Earnings per Share $ 6.07 $ 7.55 $ 5.21