v3.26.1
STATEMENT OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Insurance revenue (Note 12) $ 715 $ 872 $ 1,493 $ 1,806
Total revenue 13,349 11,023 25,741 20,957
Costs and expenses        
Selling, general and administrative expenses 1,131 1,020 2,215 1,896
Separation costs 34 47 89 98
Research and development 460 359 900 718
Interest and other financial charges 215 158 444 368
Insurance losses, annuity benefits and other costs (Note 12) 524 698 1,148 1,400
Non-operating benefit cost (income) (177) (197) (354) (398)
Total costs and expenses 10,860 8,932 21,039 16,924
Other income (loss) (Note 18) 313 298 297 600
Income (loss) from continuing operations before income taxes 2,801 2,389 4,999 4,634
Benefit (provision) for income taxes (Note 15) (407) (388) (658) (671)
Net income (loss) from continuing operations 2,395 2,000 4,341 3,962
Income (loss) from discontinued operations, net of taxes (Note 2) (38) 21 (65) 31
Net income (loss) 2,357 2,021 4,276 3,993
Less net income (loss) attributable to noncontrolling interests (13) (7) 3 (13)
Net income (loss) attributable to the Company 2,370 2,028 4,273 4,006
Net income (loss) attributable to common shareholders $ 2,370 $ 2,028 $ 4,273 $ 4,006
Earnings (loss) per share from continuing operations (Note 17)        
Diluted earnings (loss) per share (in dollars per share) $ 2.30 $ 1.87 $ 4.13 $ 3.70
Basic earnings (loss) per share (in dollars per share) 2.31 1.89 4.16 3.73
Net earnings (loss) per share (Note 17)        
Diluted earnings (loss) per share (in dollars per share) 2.26 1.89 4.07 3.73
Basic earnings (loss) per share (in dollars per share) $ 2.28 $ 1.91 $ 4.10 $ 3.76
Equipment        
Revenues        
Sales $ 3,602 $ 2,842 $ 6,870 $ 5,496
Costs and expenses        
Cost of sales 3,817 2,754 7,099 5,090
Services        
Revenues        
Sales 9,031 7,308 17,378 13,656
Costs and expenses        
Cost of sales $ 4,856 $ 4,092 $ 9,497 $ 7,753