v3.26.1
Condensed Consolidated Statement of Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net Sales:        
Total net sales $ 24,708 $ 21,581 $ 46,784 $ 41,887
Costs and Expenses:        
Research and development 726 697 1,353 1,334
Selling, general, and administrative 1,658 1,573 3,134 3,021
Total costs and expenses 21,959 19,475 41,544 37,750
Other income, net 62 40 126 44
Operating profit 2,811 2,146 5,366 4,181
Non-operating expense (income), net:        
Non-service pension income (348) (351) (703) (717)
Interest expense, net 417 457 807 900
Total non-operating expense, net 69 106 104 183
Income before income taxes 2,742 2,040 5,262 3,998
Income tax expense 493 315 856 648
Net income 2,249 1,725 4,406 3,350
Less: Noncontrolling interest in subsidiaries’ earnings 110 68 208 158
Net income attributable to common shareowners $ 2,139 $ 1,657 $ 4,198 $ 3,192
Earnings Per Share attributable to common shareowners:        
Basic (in dollars per share) $ 1.58 $ 1.24 $ 3.11 $ 2.38
Diluted (in dollars per share) $ 1.57 $ 1.22 $ 3.08 $ 2.36
Products        
Net Sales:        
Total net sales $ 17,944 $ 15,551 $ 33,709 $ 30,142
Costs and Expenses:        
Cost of sales 14,802 12,989 27,802 25,272
Services        
Net Sales:        
Total net sales 6,764 6,030 13,075 11,745
Costs and Expenses:        
Cost of sales $ 4,773 $ 4,216 $ 9,255 $ 8,123