North America segment operating income was $14.9 billion, compared with an operating loss of $2.8 billion in 2022. Operating income increased to $36.9 billion in 2023, compared with $12.2 billion in 2022.International segment sales increased 11% year-over-year to $131.2 billion.ĪWS segment sales increased 13% year-over-year to $90.8 billion. North America segment sales increased 12% year-over-year to $352.8 billion.
Excluding the $0.1 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the year, net sales increased 12% compared with 2022. Net sales increased 12% to $574.8 billion in 2023, compared with $514.0 billion in 2022.Net income increased to $10.6 billion in the fourth quarter, or $1.00 per diluted share, compared with $0.3 billion, or $0.03 per diluted share, in fourth quarter 2022.įourth quarter 2023 net income includes a pre-tax valuation loss of $0.1 billion included in non-operating income (expense) from the common stock investment in Rivian Automotive, Inc., compared to a pre-tax valuation loss of $2.3 billion from the investment in fourth quarter 2022.International segment operating loss was $0.4 billion, compared with an operating loss of $2.2 billion in fourth quarter 2022.ĪWS segment operating income was $7.2 billion, compared with operating income of $5.2 billion in fourth quarter 2022. North America segment operating income was $6.5 billion, compared with an operating loss of $0.2 billion in fourth quarter 2022. Operating income increased to $13.2 billion in the fourth quarter, compared with $2.7 billion in fourth quarter 2022.International segment sales increased 17% year-over-year to $40.2 billion, or increased 13% excluding changes in foreign exchange rates.ĪWS segment sales increased 13% year-over-year to $24.2 billion. North America segment sales increased 13% year-over-year to $105.5 billion. Excluding the $1.3 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 13% compared with fourth quarter 2022.