v3.25.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 27, 2025
Sep. 28, 2024
Revenues        
Total revenues $ 3,602 $ 3,427 $ 10,624 $ 10,089
Costs, expenses and other        
Research and development costs 118 126 387 375
Selling and administrative expense 257 282 858 891
Interest expense, net 30 26 90 71
Special charges 0 (2) 4 25
Non-service components of pension and postretirement income, net (67) (66) (200) (198)
Total costs, expenses and other 3,286 3,175 9,766 9,277
Income from continuing operations before income taxes 316 252 858 812
Income tax expense 81 29 171 128
Income from continuing operations 235 223 687 684
Loss from discontinued operations (1) 0 (1) (1)
Net income $ 234 $ 223 $ 686 $ 683
Basic earnings per share        
Continuing operations (in dollars per share) $ 1.32 $ 1.19 $ 3.81 $ 3.60
Diluted earnings per share        
Continuing operations (in dollars per share) $ 1.31 $ 1.18 $ 3.79 $ 3.56
Manufacturing group        
Costs, expenses and other        
Income from continuing operations     $ 655 $ 660
Finance group        
Revenues        
Total revenues $ 26 $ 12 57 39
Costs, expenses and other        
Income from continuing operations     32 24
Product        
Costs, expenses and other        
Cost of products/services sold 2,597 2,462 7,504 6,668
Product | Manufacturing group        
Revenues        
Total revenues 3,114 2,955 9,082 8,229
Service        
Costs, expenses and other        
Cost of products/services sold 351 347 1,123 1,445
Service | Manufacturing group        
Revenues        
Total revenues $ 462 $ 460 $ 1,485 $ 1,821