|
Condensed Consolidated Statement of Operations Statement (USD $) In Millions, except Per Share data, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2014
|
Sep. 30, 2013
|
Sep. 30, 2014
|
Sep. 30, 2013
|
| Net Sales: |
|
|
|
|
| Product sales |
$ 11,507 |
$ 11,243 |
$ 35,216 |
$ 33,159 |
| Service sales |
4,661 |
4,219 |
12,888 |
12,708 |
| Total net sales |
16,168 |
15,462 |
48,104 |
45,867 |
| Costs and Expenses: |
|
|
|
|
| Cost of products sold |
8,444 |
8,316 |
26,707 |
24,876 |
| Cost of services sold |
3,022 |
2,704 |
8,380 |
8,161 |
| Research and development |
677 |
630 |
1,967 |
1,871 |
| Selling, general and administrative |
1,580 |
1,633 |
4,799 |
4,997 |
| Total costs and expenses |
13,723 |
13,283 |
41,853 |
39,905 |
| Other income, net |
301 |
187 |
948 |
917 |
| Operating profit |
2,746 |
2,366 |
7,199 |
6,879 |
| Interest expense, net |
186 |
226 |
617 |
679 |
| Income from continuing operations before income taxes |
2,560 |
2,140 |
6,582 |
6,200 |
| Income tax expense |
608 |
614 |
1,534 |
1,677 |
| Net income from continuing operations |
1,952 |
1,526 |
5,048 |
4,523 |
| Less: Noncontrolling interest in subsidiaries' earnings from continuing operations |
98 |
111 |
301 |
286 |
| Income from continuing operations attributable to common shareowners |
1,854 |
1,415 |
4,747 |
4,237 |
| Discontinued operations (Note 2): |
|
|
|
|
| Income from operations |
|
0 |
0 |
63 |
| Gain/(Loss) on disposal |
0 |
10 |
0 |
(30) |
| Income tax benefit/(expense) |
0 |
7 |
0 |
(12) |
| Income from discontinued operations attributable to common shareowners |
0 |
17 |
0 |
21 |
| Net income attributable to common shareowners |
$ 1,854 |
$ 1,432 |
$ 4,747 |
$ 4,258 |
| Earnings Per Share of Common Stock - Basic: |
|
|
|
|
| Income from continuing operations attributable to common shareowners |
$ 2.07 |
$ 1.57 |
$ 5.28 |
$ 4.70 |
| Net income attributable to common shareowners |
$ 2.07 |
$ 1.59 |
$ 5.28 |
$ 4.73 |
| Earnings Per Share of Common Stock - Diluted: |
|
|
|
|
| Income from continuing operations attributable to common shareowners |
$ 2.04 |
$ 1.55 |
$ 5.20 |
$ 4.64 |
| Net income attributable to common shareowners |
$ 2.04 |
$ 1.57 |
$ 5.20 |
$ 4.66 |