v3.26.1
Consolidated Statement of Results of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Sales and revenues:    
Total sales and revenues $ 17,415 $ 14,249
Operating costs:    
Cost of goods sold 11,306 8,965
Selling, general and administrative expenses 1,816 1,593
Research and development expenses 537 480
Other operating (income) expenses 326 306
Total operating costs 14,330 11,670
Operating profit 3,085 2,579
Other income (expense) 260 107
Consolidated profit before taxes 3,211 2,570
Provision (benefit) for income taxes 670 574
Profit of consolidated companies 2,541 1,996
Equity in profit (loss) of unconsolidated affiliated companies 7 7
Profit of consolidated and affiliated companies 2,548 2,003
Less: Profit (loss) attributable to noncontrolling interests (1) 0
Profit [1] $ 2,549 $ 2,003
Profit per common share (in dollars per share) $ 5.50 $ 4.22
Profit per common share - diluted (in dollars per share) [2] $ 5.47 $ 4.20
Weighted-average common shares outstanding (millions)    
Basic (in shares) 463.4 474.9
Diluted (in shares) [2] 465.8 477.1
Sales of Machinery, Power & Energy    
Sales and revenues:    
Total sales and revenues $ 16,473 $ 13,378
Financial Products    
Sales and revenues:    
Total sales and revenues 942 871
Operating costs:    
Interest expense of Financial Products 345 326
All other excluding Financial Products    
Operating costs:    
Interest expense excluding Financial Products $ 134 $ 116
[1] Profit attributable to common shareholders.
[2] Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.