v3.25.2
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock Issued
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Balance at Dec. 31, 2023 $ 21,359 $ 11,624 $ (678) $ 13,497 $ (4,254) $ 1,170
Net income 2,243     2,180   63
Currency translation adjustments 53       53  
Changes in fair value of cash flow hedges (38)       (38)  
Pension and other postretirement benefit plans (9)       (9)  
Shares sold to optionees, less shares exchanged 20 (9) 29      
Vesting of restricted stock, net of taxes withheld (78) (351) 273      
Employee stock purchase plan 100 (36) 136      
Stock repurchase program (735)   (735)      
Stock-based compensation expense 173 173        
Dividends declared (787)     (787)    
Dividends paid to noncontrolling interests (11)         (11)
Other (10)   2   1 (13)
Balance at Jun. 30, 2024 22,280 11,401 (973) 14,890 (4,247) 1,209
Balance at Mar. 31, 2024 21,923 11,344 (531) 14,172 (4,249) 1,187
Net income 1,145     1,112   33
Currency translation adjustments 30       30  
Changes in fair value of cash flow hedges (20)       (20)  
Pension and other postretirement benefit plans (4)       (4)  
Shares sold to optionees, less shares exchanged 5 (3) 8      
Vesting of restricted stock, net of taxes withheld   (13) 13      
Stock repurchase program (465)   (465)      
Stock-based compensation expense 73 73        
Dividends declared (394)     (394)    
Dividends paid to noncontrolling interests (11)         (11)
Other (2)   2   (4)  
Balance at Jun. 30, 2024 22,280 11,401 (973) 14,890 (4,247) 1,209
Balance at Dec. 31, 2024 $ 22,350 $ 11,458 $ (1,773) 16,395 (4,950) 1,220
Balance, shares at Dec. 31, 2024 1,401 1,439        
Treasury shares , Balance at Dec. 31, 2024     (38)      
Net income $ 1,877     1,811   66
Currency translation adjustments 226       226  
Changes in fair value of cash flow hedges (39)       (39)  
Pension and other postretirement benefit plans 9       9  
Shares sold to optionees, less shares exchanged 8 $ (2) $ 10      
Vesting of restricted stock, net of taxes withheld $ (55) (226) $ 171      
Vesting of restricted stock, shares 4   4      
Employee stock purchase plan $ 105 (44) $ 149      
Shares issued under employee stock purchase plan, shares 3   3      
Stock repurchase program $ (2,300)   $ (2,300)      
Stock repurchase program, shares (57)   (57)      
Stock-based compensation expense $ 168 168        
Dividends declared (773)     (773)    
Dividends paid to noncontrolling interests (43)         (43)
Other 18   $ 1   11 6
Balance at Jun. 30, 2025 $ 21,551 $ 11,354 $ (3,742) 17,433 (4,743) 1,249
Balance, shares at Jun. 30, 2025 1,351 1,439        
Treasury shares, Balance at Jun. 30, 2025     (88)      
Balance at Mar. 31, 2025 $ 20,748 $ 10,827 $ (3,292) 16,804 (4,824) 1,233
Net income 1,048     1,014   34
Currency translation adjustments 54       54  
Changes in fair value of cash flow hedges 21       21  
Pension and other postretirement benefit plans 4       4  
Shares sold to optionees, less shares exchanged   (1) 1      
Vesting of restricted stock, net of taxes withheld (2) (9) 7      
Stock repurchase program   460 (460)      
Stock-based compensation expense 77 77        
Dividends declared (385)     (385)    
Dividends paid to noncontrolling interests (22)         (22)
Other 8   2   2 4
Balance at Jun. 30, 2025 $ 21,551 $ 11,354 $ (3,742) $ 17,433 $ (4,743) $ 1,249
Balance, shares at Jun. 30, 2025 1,351 1,439        
Treasury shares, Balance at Jun. 30, 2025     (88)