v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Noncontrolling Interests
Balance at beginning of period (in shares) at Dec. 31, 2023   1,159          
Balance at beginning of period at Dec. 31, 2023 $ 29,205 $ 1,854 $ (264) $ 30,419 $ 14 $ (2,996) $ 178
Balance at beginning of period (in shares) at Dec. 31, 2023     (7)        
Changes in Equity              
Net income (loss) 179         170 9
Other comprehensive income (loss)  (30)       (30)    
Dividends declared [1] (285)         (285)  
Distributions declared to noncontrolling interests (35)           (35)
Cash calls requested from noncontrolling interests 33           33
Withholding of employee taxes related to stock-based compensation (10)   $ (10)        
Stock-based awards and related share issuances (in shares)   1          
Stock-based awards and related share issuances 18 $ 1   17      
Balance at end of period (in shares) at Mar. 31, 2024   1,160          
Balance at end of period at Mar. 31, 2024 29,075 $ 1,855 $ (274) 30,436 (16) (3,111) 185
Balance at end of period (in shares) at Mar. 31, 2024     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2023   1,159          
Balance at beginning of period at Dec. 31, 2023 29,205 $ 1,854 $ (264) 30,419 14 (2,996) 178
Balance at beginning of period (in shares) at Dec. 31, 2023     (7)        
Changes in Equity              
Other comprehensive income (loss)  (21)            
Balance at end of period (in shares) at Jun. 30, 2024   1,158          
Balance at end of period at Jun. 30, 2024 29,563 $ 1,851 $ (274) 30,394 (7) (2,585) 184
Balance at end of period (in shares) at Jun. 30, 2024     (7)        
Balance at beginning of period (in shares) at Mar. 31, 2024   1,160          
Balance at beginning of period at Mar. 31, 2024 29,075 $ 1,855 $ (274) 30,436 (16) (3,111) 185
Balance at beginning of period (in shares) at Mar. 31, 2024     (7)        
Changes in Equity              
Net income (loss) 857         853 4
Other comprehensive income (loss)  9       9    
Dividends declared [1] (292)         (292)  
Distributions declared to noncontrolling interests (36)           (36)
Cash calls requested from noncontrolling interests 31           31
Repurchase and retirement of common stock (in shares)   (2)          
Repurchase and retirement of common stock (105) $ (4)   (66)   (35)  
Stock-based awards and related share issuances 24     24      
Balance at end of period (in shares) at Jun. 30, 2024   1,158          
Balance at end of period at Jun. 30, 2024 29,563 $ 1,851 $ (274) 30,394 (7) (2,585) 184
Balance at end of period (in shares) at Jun. 30, 2024     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2024   1,134          
Balance at beginning of period at Dec. 31, 2024 30,109 $ 1,813 $ (278) 29,808 (95) (1,320) 181
Balance at beginning of period (in shares) at Dec. 31, 2024     (7)        
Changes in Equity              
Net income (loss) 1,902         1,891 11
Other comprehensive income (loss)  56       56    
Dividends declared [2] (280)         (280)  
Distributions declared to noncontrolling interests (44)           (44)
Cash calls requested from noncontrolling interests 35           35
Repurchase and retirement of common stock (in shares) [3]   (8)          
Repurchase and retirement of common stock [3] (351) $ (12)   (201)   (138)  
Withholding of employee taxes related to stock-based compensation (15)   $ (15)        
Stock-based awards and related share issuances (in shares)   1          
Stock-based awards and related share issuances 19 $ 2   17      
Balance at end of period (in shares) at Mar. 31, 2025   1,127          
Balance at end of period at Mar. 31, 2025 31,431 $ 1,803 $ (293) 29,624 (39) 153 183
Balance at end of period (in shares) at Mar. 31, 2025     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2024   1,134          
Balance at beginning of period at Dec. 31, 2024 30,109 $ 1,813 $ (278) 29,808 (95) (1,320) 181
Balance at beginning of period (in shares) at Dec. 31, 2024     (7)        
Changes in Equity              
Other comprehensive income (loss)  139       139    
Balance at end of period (in shares) at Jun. 30, 2025   1,108          
Balance at end of period at Jun. 30, 2025 32,287 $ 1,772 $ (294) 29,141 44 1,449 175
Balance at end of period (in shares) at Jun. 30, 2025     (7)        
Balance at beginning of period (in shares) at Mar. 31, 2025   1,127          
Balance at beginning of period at Mar. 31, 2025 31,431 $ 1,803 $ (293) 29,624 (39) 153 183
Balance at beginning of period (in shares) at Mar. 31, 2025     (7)        
Changes in Equity              
Net income (loss) 2,075         2,061 14
Other comprehensive income (loss)  83       83    
Dividends declared [2] (281)         (281)  
Distributions declared to noncontrolling interests (56)           (56)
Cash calls requested from noncontrolling interests 34           34
Repurchase and retirement of common stock (in shares) [4],[5]   (19)          
Repurchase and retirement of common stock [4],[5] (1,021) $ (31)   (506)   (484)  
Withholding of employee taxes related to stock-based compensation (1)   $ (1)        
Stock-based awards and related share issuances 23     23      
Balance at end of period (in shares) at Jun. 30, 2025   1,108          
Balance at end of period at Jun. 30, 2025 $ 32,287 $ 1,772 $ (294) $ 29,141 $ 44 $ 1,449 $ 175
Balance at end of period (in shares) at Jun. 30, 2025     (7)        
[1] Cash dividends paid per common share were $0.25 and $0.50 for the three and six months ended June 30, 2024, respectively.
[2] Cash dividends paid per common share were $0.25 and $0.50 for the three and six months ended June 30, 2025, respectively.
[3] In July 2025, an additional $145 of common stock was repurchased and retired
[4] As of June 30, 2025, the Company has accrued for excise tax on share repurchases of $13, included in Other non-current liabilities.
[5] In July 2025, an additional $145 of common stock was repurchased and retired.