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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 4,448 $ 3,822 $ 8,517 $ 7,483
Cost of revenue (COR) 1,873 1,611 3,629 3,177
Gross profit 2,575 2,211 4,888 4,306
Research and development (R&D) 527 498 1,044 976
Selling, general and administrative (SG&A) 485 465 957 920
Restructuring charges/other 0 0 0 (124)
Operating profit 1,563 1,248 2,887 2,534
Other income (expense), net (OI&E) 48 130 128 253
Interest and debt expense 133 131 261 247
Income before income taxes 1,478 1,247 2,754 2,540
Provision for income taxes 183 120 280 308
Net income $ 1,295 $ 1,127 $ 2,474 $ 2,232
Earnings per common share (EPS):        
Basic (in dollars per share) $ 1.42 $ 1.23 $ 2.71 $ 2.44
Diluted (in dollars per share) $ 1.41 $ 1.22 $ 2.69 $ 2.42
Average shares outstanding:        
Basic (in shares) 908 912 909 911
Diluted (in shares) 912 919 914 918
Diluted EPS:        
Net income $ 1,295 $ 1,127 $ 2,474 $ 2,232
Income allocated to RSUs (7) (6) (13) (11)
Income allocated to common stock for diluted EPS $ 1,288 $ 1,121 $ 2,461 $ 2,221