v3.25.2
Condensed Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance at Dec. 31, 2023   $ 1,466 $ 3,808 $ (26,017) $ 25,289 $ (3,937) [1] $ 348
Changes in Shareholders' Equity [Roll Forward]              
Net income $ 1,495       1,414   81
Other comprehensive income (loss), net of tax (199)         (191) [1] (8)
Dividends [2]         (1,217)   (63)
Stock-based compensation expense     43        
Shares issued for stock options     202 250      
Shares issued for restricted stock units     (22) 22      
Treasury stock acquired       (989)      
Other 1   4 (2)      
Ending balance at Jun. 30, 2024   1,466 4,035 (26,736) 25,486 (4,128) [1],[3] 359
Beginning balance at Mar. 31, 2024   1,466 3,962 (26,343) 25,164 (4,019) [3] 387
Changes in Shareholders' Equity [Roll Forward]              
Net income 767       731   36
Other comprehensive income (loss), net of tax (110)         (109) [3] (1)
Dividends (63)       (409)    
Stock-based compensation expense     24        
Shares issued for stock options     48 87      
Shares issued for restricted stock units     (1) 1      
Treasury stock acquired       (480)      
Other     2 (1)      
Ending balance at Jun. 30, 2024   1,466 4,035 (26,736) 25,486 (4,128) [1],[3] 359
Beginning balance at Dec. 31, 2024 544 1,466 4,181 (27,358) 26,145 (4,222) [1] 332
Changes in Shareholders' Equity [Roll Forward]              
Net income 1,499       1,433   66
Other comprehensive income (loss), net of tax 302         298 [1] 4
Dividends         (843)   (53)
Stock-based compensation expense     55        
Shares issued for stock options     29 36      
Shares issued for restricted stock units     (22) 22      
Treasury stock acquired       (516)      
Other 1   3 (5)      
Ending balance at Jun. 30, 2025 1,052 1,466 4,246 (27,821) 26,735 (3,924) [1],[3] 350
Beginning balance at Mar. 31, 2025   1,466 4,202 (27,602) 26,413 (4,116) [3] 370
Changes in Shareholders' Equity [Roll Forward]              
Net income 773       743   30
Other comprehensive income (loss), net of tax 195         193 [3] 2
Dividends (53)       (421)    
Stock-based compensation expense     32        
Shares issued for stock options     11 14      
Shares issued for restricted stock units     (1) 1      
Treasury stock acquired       (232)      
Other     2 (2)   (1) [3] 1
Ending balance at Jun. 30, 2025 $ 1,052 $ 1,466 $ 4,246 $ (27,821) $ 26,735 $ (3,924) [1],[3] $ 350
[1] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,378 at June 30, 2025 ($3,555 at June 30, 2024) and $3,687 at December 31, 2024 ($3,351 at December 31, 2023), respectively, and unrecognized retirement plan and other retiree benefits costs of $595 at June 30, 2025 ($636 at June 30, 2024) and $605 at December 31, 2024 ($647 at December 31, 2023), respectively.
[2] Two dividends were declared in the first quarter of 2024.
[3] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,378 at June 30, 2025 ($3,555 at June 30, 2024) and $3,575 at March 31, 2025 ($3,438 at March 31, 2024), respectively, and unrecognized retirement plan and other retiree benefits costs of $595 at June 30, 2025 ($636 at June 30, 2024) and $600 at March 31, 2025 ($643 at March 31, 2024), respectively.