v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Revenues        
Total revenues $ 3,716 $ 3,527 $ 7,022 $ 6,662
Costs, expenses and other        
Research and development costs 137 105 269 249
Selling and administrative expense 303 293 601 609
Interest expense, net 31 25 60 45
Special charges 4 13 4 27
Non-service components of pension and postretirement income, net (67) (66) (133) (132)
Total costs, expenses and other 3,415 3,204 6,480 6,102
Income from continuing operations before income taxes 301 323 542 560
Income tax expense 56 63 90 99
Income from continuing operations 245 260 452 461
Loss from discontinued operations 0 (1) 0 (1)
Net income $ 245 $ 259 $ 452 $ 460
Basic earnings per share        
Continuing operations (in dollars per share) $ 1.36 $ 1.37 $ 2.49 $ 2.41
Diluted earnings per share        
Continuing operations (in dollars per share) $ 1.35 $ 1.35 $ 2.48 $ 2.38
Manufacturing group        
Costs, expenses and other        
Income from continuing operations     $ 435 $ 441
Finance group        
Revenues        
Total revenues $ 15 $ 12 31 27
Costs, expenses and other        
Income from continuing operations     17 20
Product        
Costs, expenses and other        
Cost of products/services sold 2,630 2,281 4,907 4,206
Product | Manufacturing group        
Revenues        
Total revenues 3,197 2,842 5,968 5,274
Service        
Costs, expenses and other        
Cost of products/services sold 377 553 772 1,098
Service | Manufacturing group        
Revenues        
Total revenues $ 504 $ 673 $ 1,023 $ 1,361