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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net revenues $ 13,269 $ 17,286 $ 16,128
Cost of sales (8,049) (8,999) (8,493)
Gross profit 5,220 8,287 7,635
Selling, general and administrative expenses (1,649) (1,631) (1,454)
Research and development expenses (2,077) (2,100) (1,901)
Other income and expenses, net 182 55 159
Operating income 1,676 4,611 4,439
Interest income (expense), net 218 171 58
Other components of pension benefit costs (15) (19) (11)
Loss on financial instruments, net (1) 0 0
Income (loss) before income tax benefit (expense) 1,878 4,763 4,486
Income tax expense (313) (541) (520)
Net income 1,565 4,222 3,966
Net income attributable to noncontrolling interest (8) (11) (6)
Net income attributable to parent company stockholders $ 1,557 $ 4,211 $ 3,960
Earnings per share, basic ( in usd per share) $ 1.73 $ 4.66 $ 4.37
Earnings per share, diluted (in usd per share) $ 1.66 $ 4.46 $ 4.19
Net sales      
Net revenues $ 13,217 $ 17,239 $ 16,083
Other revenues      
Net revenues $ 52 $ 47 $ 45