v3.26.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 03, 2026
Sep. 27, 2025
Oct. 03, 2026
Sep. 27, 2025
Revenues        
Total revenues $ 3,751 $ 3,602 $ 11,273 $ 10,624
Costs, expenses and other        
Research and development costs 110 118 346 387
Selling and administrative expense 271 257 903 858
Interest expense, net 32 30 99 90
Special charges 0 0 0 4
Non-service components of pension and postretirement income, net (70) (67) (210) (200)
Total costs, expenses and other 3,429 3,286 10,380 9,766
Income from continuing operations before income taxes 322 316 893 858
Income tax expense 52 81 155 171
Income from continuing operations 270 235 738 687
Loss from discontinued operations 0 (1) 0 (1)
Net income $ 270 $ 234 $ 738 $ 686
Earnings per share        
Basic (in dollars per share) $ 1.58 $ 1.32 $ 4.26 $ 3.81
Diluted (in dollars per share) $ 1.56 $ 1.31 $ 4.23 $ 3.79
Manufacturing group        
Costs, expenses and other        
Income from continuing operations     $ 716 $ 655
Loss from discontinued operations     0 (1)
Net income     716 654
Finance group        
Revenues        
Total revenues $ 13 $ 26 43 57
Costs, expenses and other        
Income from continuing operations     22 32
Loss from discontinued operations     0 0
Net income     22 32
Product        
Costs, expenses and other        
Cost of products/services sold 2,701 2,597 8,084 7,504
Product | Manufacturing group        
Revenues        
Total revenues 3,224 3,114 9,702 9,082
Service        
Costs, expenses and other        
Cost of products/services sold 385 351 1,158 1,123
Service | Manufacturing group        
Revenues        
Total revenues $ 514 $ 462 $ 1,528 $ 1,485