Condensed Consolidated Statement of Operations Condensed Consolidated Statement of Operations - USD ($) $ in Millions |
3 Months Ended |
9 Months Ended |
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
| Net Sales: |
|
|
|
|
| Product Sales |
$ 10,378
|
$ 10,194
|
$ 30,676
|
$ 30,247
|
| Service Sales |
4,684
|
4,160
|
13,481
|
12,338
|
| Total net sales |
15,062
|
14,354
|
44,157
|
42,585
|
| Costs and Expenses: |
|
|
|
|
| Cost of products sold |
7,750
|
7,522
|
22,920
|
22,542
|
| Cost of services sold |
3,293
|
2,820
|
9,300
|
8,195
|
| Research and development |
582
|
582
|
1,768
|
1,711
|
| Selling, general and administrative |
1,524
|
1,390
|
4,544
|
4,204
|
| Total costs and expenses |
13,149
|
12,314
|
38,532
|
36,652
|
| Other income, net |
250
|
211
|
1,095
|
600
|
| Operating profit |
2,163
|
2,251
|
6,720
|
6,533
|
| Interest expense, net |
223
|
225
|
662
|
673
|
| Income from continuing operations before income taxes |
1,940
|
2,026
|
6,058
|
5,860
|
| Income tax expense |
506
|
492
|
1,624
|
1,548
|
| Net Income from continuing operations |
1,434
|
1,534
|
4,434
|
4,312
|
| Less: Noncontrolling interest in subsidiaries' earnings from continuing operations |
104
|
91
|
279
|
271
|
| Income from continuing operations attributable to common shareowners |
1,330
|
1,443
|
4,155
|
4,041
|
| Discontinued operations (Note 2): |
|
|
|
|
| Income from operations from discontinued operations |
0
|
1
|
0
|
2
|
| Gain (Loss) on disposal |
0
|
(4)
|
0
|
11
|
| Income tax (benefit) expense |
0
|
(40)
|
0
|
12
|
| Income from discontinued operations attributable to common shareowners |
0
|
37
|
0
|
1
|
| Net income attributable to common shareowners |
$ 1,330
|
$ 1,480
|
$ 4,155
|
$ 4,042
|
| Earnings Per Share of Common Stock - Basic: |
|
|
|
|
| Income from continuing operations attributable to common shareowners |
$ 1.69
|
$ 1.76
|
$ 5.26
|
$ 4.90
|
| Net income attributable to common shareowners |
1.69
|
1.80
|
5.26
|
4.91
|
| Earnings Per Share of Common Stock - Diluted: |
|
|
|
|
| Income from continuing operations attributable to common shareowners |
1.67
|
1.74
|
5.20
|
4.86
|
| Net income attributable to common shareowners |
$ 1.67
|
$ 1.78
|
$ 5.20
|
$ 4.86
|