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CONSOLIDATED STATEMENT OF EARNINGS Year Ended December 31 (Dollars in millions, except per-share amounts) 2023 2022 2021 Revenue: Products $ 24,595 $ 23,022 $ 22,428
CONSOLIDATED STATEMENT OF EARNINGS Year Ended December 31 (Dollars in millions, except per-share amounts) 2023 2022 2021 Revenue: Products $ 24,595 $ 23,022 $ 22,428 Services 17,677 16,385 16,041 42,272 39,407 38,469 Operating costs and expenses: Products (20,591) (18,981) (18,524) Services (15,009) (13,804) (13,537) General and administrative (G&A) (2,427) (2,411) (2,245) (38,027) (35,196) (34,306) Operating earnings 4,245 4,211 4,163 Other, net 82 189 134 Interest, net (343) (364) (424) Earnings before income tax 3,984 4,036 3,873 Provision for income tax, net (669) (646) (616) Net earnings $ 3,315 $ 3,390 $ 3,257 Earnings per share Basic $ 12.14 $ 12.31 $ 11.61 Diluted $ 12.02 $ 12.19 $ 11.55 Describe the key components of the Income Statement, including revenues, cost of goods sold, gross profit, operating expenses, operating income, other income/expenses, and net income. Explain how changes in these components affect the overall profitability of the business
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