v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Jul. 04, 2026
Jun. 28, 2025
Revenues        
Total revenues $ 3,827 $ 3,716 $ 7,522 $ 7,022
Costs, expenses and other        
Research and development costs 116 137 236 269
Selling and administrative expense 311 303 632 601
Interest expense, net 33 31 67 60
Special charges 0 4 0 4
Non-service components of pension and postretirement income, net (70) (67) (140) (133)
Total costs, expenses and other 3,523 3,415 6,951 6,480
Income before income taxes 304 301 571 542
Income tax expense 56 56 103 90
Net income $ 248 $ 245 $ 468 $ 452
Earnings per share        
Basic (in dollars per share) $ 1.43 $ 1.36 $ 2.69 $ 2.49
Diluted (in dollars per share) $ 1.42 $ 1.35 $ 2.67 $ 2.48
Finance group        
Revenues        
Total revenues $ 14 $ 15 $ 30 $ 31
Product        
Costs, expenses and other        
Cost of products/services sold 2,759 2,630 5,383 4,907
Product | Manufacturing group        
Revenues        
Total revenues 3,321 3,197 6,478 5,968
Service        
Costs, expenses and other        
Cost of products/services sold 374 377 773 772
Service | Manufacturing group        
Revenues        
Total revenues $ 492 $ 504 $ 1,014 $ 1,023