Consolidated Statements of Income
| Year Ended December 31, | ||||||||||||
|
(in millions, except per-share data) |
2008 | 2007 | 2006 | |||||||||
|
Revenues |
||||||||||||
|
Sales |
$ | 8,325 | $ | 8,192 | $ | 7,464 | ||||||
|
Service, outsourcing and rentals |
8,485 | 8,214 | 7,591 | |||||||||
|
Finance income |
798 | 822 | 840 | |||||||||
|
Total Revenues |
17,608 | 17,228 | 15,895 | |||||||||
|
Costs and Expenses |
||||||||||||
|
Cost of sales |
5,519 | 5,254 | 4,803 | |||||||||
|
Cost of service, outsourcing and rentals |
4,929 | 4,707 | 4,328 | |||||||||
|
Equipment financing interest |
305 | 316 | 305 | |||||||||
|
Research, development and engineering expenses |
884 | 912 | 922 | |||||||||
|
Selling, administrative and general expenses |
4,534 | 4,312 | 4,008 | |||||||||
|
Restructuring and asset impairment charges |
429 | (6 | ) | 385 | ||||||||
|
Other expenses, net |
1,122 | 295 | 336 | |||||||||
|
Total Costs and Expenses |
17,722 | 15,790 | 15,087 | |||||||||
|
(Loss) Income before Income Taxes and Equity Income |
(114 | ) | 1,438 | 808 | ||||||||
|
Income tax (benefits) expenses |
(231 | ) | 400 | (288 | ) | |||||||
|
Equity in net income of unconsolidated affiliates |
113 | 97 | 114 | |||||||||
|
Net Income |
$ | 230 | $ | 1,135 | $ | 1,210 | ||||||
|
Basic Earnings per Share |
$ | 0.26 | $ | 1.21 | $ | 1.25 | ||||||
|
Diluted Earnings per Share |
$ | 0.26 | $ | 1.19 | $ | 1.22 | ||||||
The accompanying notes are an integral part of these Consolidated Financial Statements.