v3.25.2
Consolidated Statement of Changes in Equity - USD ($)
$ in Millions
Total
Par Value
Capital in Excess of Par
Treasury Stock
Retained Earnings
Accum. Other Comprehensive Loss
Noncontrolling Interests
Beginning balance at Dec. 31, 2023 $ 31,650 $ 7 $ 19,650 $ (19,342) $ 30,550 $ (282) $ 1,067
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,781       1,763   18
Other comprehensive income (loss) (27)         (27)  
Dividends paid on common stock (933)       (933)    
Repurchase of common stock (1,990)     (1,990)      
Distributions to noncontrolling interests (33)           (33)
Benefit plan activity 59   67   (8)    
Ending balance at Jun. 30, 2024 $ 30,507 7 19,717 (21,332) 31,372 (309) 1,052
Beginning balance, common stock issued (in shares) at Dec. 31, 2023 654,842,101            
Beginning balance, treasury stock (in shares) at Dec. 31, 2023 224,377,439            
Stockholders' Equity, Shares [Roll Forward]              
Repurchase of common stock (in shares) 13,588,187            
Shares issued—share-based compensation (in shares) 1,692,708            
Ending balance, common stock issued (in shares) at Jun. 30, 2024 656,534,809            
Ending balance, treasury stock (in shares) at Jun. 30, 2024 237,965,626            
Beginning balance at Mar. 31, 2024 $ 30,793 7 19,674 (20,489) 30,846 (312) 1,067
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,020       1,015   5
Other comprehensive income (loss) 3         3  
Dividends paid on common stock (485)       (485)    
Repurchase of common stock (843)     (843)      
Distributions to noncontrolling interests (20)           (20)
Benefit plan activity 39   43   (4)    
Ending balance at Jun. 30, 2024 $ 30,507 7 19,717 (21,332) 31,372 (309) 1,052
Beginning balance, common stock issued (in shares) at Mar. 31, 2024 656,284,691            
Beginning balance, treasury stock (in shares) at Mar. 31, 2024 232,332,556            
Stockholders' Equity, Shares [Roll Forward]              
Repurchase of common stock (in shares) 5,633,070            
Shares issued—share-based compensation (in shares) 250,118            
Ending balance, common stock issued (in shares) at Jun. 30, 2024 656,534,809            
Ending balance, treasury stock (in shares) at Jun. 30, 2024 237,965,626            
Beginning balance at Dec. 31, 2024 $ 28,463 7 19,788 (22,751) 30,771 (407) 1,055
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,434       1,364   70
Other comprehensive income (loss) 289         289  
Dividends paid on common stock (956)       (956)    
Repurchase of common stock (639)     (639)      
Distributions to noncontrolling interests (95)           (95)
Contributions from noncontrolling interests 106           106
Benefit plan activity 25   32   (7)    
Ending balance at Jun. 30, 2025 $ 28,627 7 19,820 (23,390) 31,172 (118) 1,136
Beginning balance, common stock issued (in shares) at Dec. 31, 2024 656,987,861            
Beginning balance, treasury stock (in shares) at Dec. 31, 2024 248,594,923            
Stockholders' Equity, Shares [Roll Forward]              
Repurchase of common stock (in shares) 5,542,005            
Shares issued—share-based compensation (in shares) 1,273,332            
Ending balance, common stock issued (in shares) at Jun. 30, 2025 658,261,193            
Ending balance, treasury stock (in shares) at Jun. 30, 2025 254,136,928            
Beginning balance at Mar. 31, 2025 $ 28,353 7 19,789 (22,995) 30,785 (313) 1,080
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 908       877   31
Other comprehensive income (loss) 195         195  
Dividends paid on common stock (487)       (487)    
Repurchase of common stock (395)     (395)      
Distributions to noncontrolling interests (81)           (81)
Contributions from noncontrolling interests 106           106
Benefit plan activity 28   31   (3)    
Ending balance at Jun. 30, 2025 $ 28,627 $ 7 $ 19,820 $ (23,390) $ 31,172 $ (118) $ 1,136
Beginning balance, common stock issued (in shares) at Mar. 31, 2025 658,173,402            
Beginning balance, treasury stock (in shares) at Mar. 31, 2025 250,591,516            
Stockholders' Equity, Shares [Roll Forward]              
Repurchase of common stock (in shares) 3,545,412            
Shares issued—share-based compensation (in shares) 87,791            
Ending balance, common stock issued (in shares) at Jun. 30, 2025 658,261,193            
Ending balance, treasury stock (in shares) at Jun. 30, 2025 254,136,928