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

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