Condensed Consolidated Statement of Operations Condensed Consolidated Statement of Operations - USD ($) $ in Millions |
3 Months Ended |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Net Sales: |
|
|
|
|
| Product Sales |
$ 10,194
|
$ 9,642
|
$ 30,247
|
$ 29,725
|
| Service Sales |
4,160
|
4,146
|
12,338
|
12,073
|
| Total net sales |
14,354
|
13,788
|
42,585
|
41,798
|
| Costs and Expenses: |
|
|
|
|
| Cost of products sold |
7,522
|
7,114
|
22,542
|
21,952
|
| Cost of services sold |
2,820
|
2,686
|
8,195
|
7,826
|
| Research and development |
582
|
546
|
1,711
|
1,668
|
| Selling, general and administrative |
1,390
|
1,359
|
4,204
|
4,261
|
| Total costs and expenses |
12,314
|
11,705
|
36,652
|
35,707
|
| Other income, net |
211
|
219
|
600
|
808
|
| Operating profit |
2,251
|
2,302
|
6,533
|
6,899
|
| Interest expense, net |
225
|
184
|
673
|
618
|
| Income from continuing operations before income taxes |
2,026
|
2,118
|
5,860
|
6,281
|
| Income tax expense |
492
|
592
|
1,548
|
1,748
|
| Net Income from continuing operations |
1,534
|
1,526
|
4,312
|
4,533
|
| Less: Noncontrolling interest in subsidiaries' earnings from continuing operations |
91
|
99
|
271
|
281
|
| Income from continuing operations attributable to common shareowners |
1,443
|
1,427
|
4,041
|
4,252
|
| Discontinued operations (Note 2): |
|
|
|
|
| Income from operations |
1
|
27
|
2
|
284
|
| Gain (loss) on disposal |
(4)
|
(38)
|
11
|
(66)
|
| Income tax expense |
(40)
|
54
|
12
|
140
|
| Income (loss) from discontinued operations |
37
|
(65)
|
1
|
78
|
| Income (loss) from discontinued operations attributable to common shareowners |
37
|
(65)
|
1
|
78
|
| Net income attributable to common shareowners |
$ 1,480
|
$ 1,362
|
$ 4,042
|
$ 4,330
|
| Earnings Per Share of Common Stock - Basic: |
|
|
|
|
| Income from continuing operations attributable to common shareowners |
$ 1.76
|
$ 1.63
|
$ 4.90
|
$ 4.82
|
| Net income attributable to common shareowners |
1.80
|
1.55
|
4.91
|
4.91
|
| Earnings Per Share of Common Stock - Diluted: |
|
|
|
|
| Income from continuing operations attributable to common shareowners |
1.74
|
1.61
|
4.86
|
4.76
|
| Net income attributable to common shareowners |
$ 1.78
|
$ 1.54
|
$ 4.86
|
$ 4.85
|