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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net Sales:      
Net sales $ 68,920 $ 67,074 $ 64,388 Close
Costs and Expenses:      
Research and development 2,805 2,711 2,732
Selling, general and administrative 5,809 5,573 5,046
Total costs and expenses 65,445 61,690 59,675 Close
Other income, net 86 120 423
Operating profit 3,561 5,504 5,136 Close
Non-service pension income (1,780) (1,889) (1,944)
Debt extinguishment costs 0 0 649
Interest expense, net 1,505 1,276 1,322
Total non-operating expense (income), net (275) (613) 27 Close
Income from continuing operations before income taxes 3,836 6,117 5,109 Close
Income tax expense 456 790 964 Close
Net income from continuing operations 3,380 5,327 4,145 Close
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations 185 111 248
Net income from continuing operations attributable to common shareowners 3,195 5,216 3,897
Loss from discontinued operations attributable to common shareowners 0 (19) (33)
Net Income - Retained Earnings $ 3,195 $ 5,197 $ 3,864
Earnings (loss) per share attributable to common shareowners - basic      
Income from continuing operations attributable to common shareowners $ 2.24 $ 3.54 $ 2.60
Loss from discontinued operations 0 (0.02) (0.03)
Net income attributable to common shareowners 2.24 3.52 2.57
Earnings (loss) per share attributable to common shareowners - diluted      
Income from continuing operations attributable to common shareowners 2.23 3.51 2.58
Loss from discontinued operations 0 (0.01) (0.02)
Net income attributable to common shareowners $ 2.23 $ 3.50 $ 2.56
Weighted average number of shares outstanding:      
Basic shares 1,426.0 1,475.5 1,501.6
Diluted shares 1,435.4 1,485.9 1,508.5
Products [Member]      
Net Sales:      
Net sales $ 49,571 $ 50,773 $ 49,270
Costs and Expenses:      
Cost of Sales 43,425 41,927 41,095
Services [Member]      
Net Sales:      
Net sales 19,349 16,301 15,118
Costs and Expenses:      
Cost of Sales $ 13,406 $ 11,479 $ 10,802