v3.25.1
STATEMENT OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Insurance revenue (Note 12) $ 934 $ 879
Total revenue 9,935 8,955
Costs and expenses    
Selling, general and administrative expenses 876 1,026
Separation costs 51 259
Research and development 359 270
Interest and other financial charges 210 263
Insurance losses, annuity benefits and other costs (Note 12) 701 627
Non-operating benefit cost (income) (201) (217)
Total costs and expenses 7,992 7,974
Other income (loss) (Note 18) 302 1,007
Net income (loss) from continuing operations before income taxes 2,245 1,987
Benefit (provision) for income taxes (Note 15) (283) (244)
Net income (loss) from continuing operations 1,962 1,744
Net income (loss) from discontinued operations, net of taxes (Note 2) 10 (178)
Net income (loss) 1,972 1,565
Less net income (loss) attributable to noncontrolling interests (5) 27
Net income (loss) attributable to the Company 1,978 1,539
Net income (loss) attributable to common shareholders $ 1,978 $ 1,539
Earnings (loss) per share from continuing operations (Note 17)    
Diluted earnings (loss) per share (in dollars per share) $ 1.83 $ 1.58
Basic earnings (loss) per share (in dollars per share) 1.84 1.59
Net earnings (loss) per share (Note 17)    
Diluted earnings (loss) per share (in dollars per share) 1.83 1.40
Basic earnings (loss) per share (in dollars per share) $ 1.85 $ 1.41
Equipment    
Revenues    
Sales $ 2,653 $ 2,421
Costs and expenses    
Cost of sales 2,335 2,465
Services    
Revenues    
Sales 6,347 5,655
Costs and expenses    
Cost of sales $ 3,660 $ 3,281