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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue $ 4,531 $ 5,212 $ 8,910 $ 10,117
Cost of revenue (COR) 1,621 1,587 3,137 3,050
Gross profit 2,910 3,625 5,773 7,067
Research and development (R&D) 477 414 932 805
Selling, general and administrative (SG&A) 461 422 935 844
Restructuring charges/other 0 66 0 132
Operating profit 1,972 2,723 3,906 5,286
Other income (expense), net (OI&E) 119 7 199 22
Interest and debt expense 89 49 157 101
Income before income taxes 2,002 2,681 3,948 5,207
Provision for income taxes 280 390 518 715
Net income $ 1,722 $ 2,291 $ 3,430 $ 4,492
Earnings per common share (EPS):        
Basic (in dollars per share) $ 1.89 $ 2.48 $ 3.76 $ 4.85
Diluted (in dollars per share) $ 1.87 $ 2.45 $ 3.72 $ 4.80
Average shares outstanding:        
Basic (in shares) 908 920 907 922
Diluted (in shares) 916 930 916 932
Diluted EPS:        
Net income $ 1,722 $ 2,291 $ 3,430 $ 4,492
Income allocated to RSUs (8) (10) (18) (19)
Income allocated to common stock for diluted EPS $ 1,714 $ 2,281 $ 3,412 $ 4,473