v3.25.2
Equity
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Equity Equity
The following table shows the changes in stockholders' equity for the six months ended June 30, 2025:
(in millions)Common
Stock
Capital in Excess of Par ValueRetained
Earnings
Accumulated Other
Comprehensive
(Loss) Income
Treasury StockNon-Controlling InterestTotal
Balance at January 1, 2025$3 $8,687 $3,140 $(435)$(753)$5 $10,647 
Net income   169    169 
Other comprehensive income, net   98   98 
Dividends declared ($0.40 per share)
  (98)   (98)
Net income attributable to non-controlling interests     1 1 
Stock incentive plan activity 18   (13) 5 
Balance at March 31, 2025$3 $8,705 $3,211 $(337)$(766)$6 $10,822 
Net income   226    226 
Other comprehensive income, net   115   115 
Other activity     1 1 
Dividends declared ($0.40 per share)
  (98)   (98)
Distribution to minority shareholders     (2)(2)
Net income attributable to non-controlling interests     2 2 
Stock incentive plan activity 15     15 
Balance at June 30, 2025$3 $8,720 $3,339 $(222)$(766)$7 $11,081 
The following table shows the changes in stockholders' equity for the six months ended June 30, 2024:
Common
Stock

Capital in Excess of Par Value
Retained
Earnings
Accumulated Other
Comprehensive
Loss
Treasury StockNon-Controlling InterestTotal
Balance at January 1, 2024$$8,564 $2,601 $(269)$(733)$10 $10,176 
Net income — — 153 — — — 153 
Other comprehensive loss, net— — — (76)— — (76)
Other activity— — — — — (2)(2)
Dividends declared ($0.36 per share)
— — (87)— — — (87)
Stock incentive plan activity— 54 — — (15)— 39 
Balance at March 31, 2024$$8,618 $2,667 $(345)$(748)$$10,203 
Net income — — 194 — — — 194 
Other comprehensive loss, net— — — — — — — 
Other activity— — — — — (1)(1)
Dividends declared ($0.36 per share)
— — (87)— — — (87)
Stock incentive plan activity— 42 — — (3)— 39 
Balance at June 30, 2024$$8,660 $2,774 $(345)$(751)$$10,348