v3.25.2
Consolidated Statement of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Common stock
Treasury stock
Profit employed in the business
Accumulated other comprehensive income (loss)
Noncontrolling interests
Beginning balance at Dec. 31, 2023 $ 19,503 $ 6,403 $ (36,339) $ 51,250 $ (1,820) $ 9
Increase (Decrease) in Shareholders' Equity            
Profit of consolidated and affiliated companies 5,535     5,537   (2)
Foreign currency translation, net of tax (328)       (328)  
Pension and other postretirement benefits, net of tax (6)       (6)  
Derivative financial instruments, net of tax (62)       (62)  
Available-for-sale securities, net of tax (14)       (14)  
Dividends declared [1] (1,332)     (1,332)    
Common shares issued from treasury stock for stock-based compensation 8 (41) 49      
Stock-based compensation expense 119 119        
Common shares repurchased [2] (5,275)   (5,275)      
Outstanding authorized accelerated share repurchase (1,000) (1,000)        
Other (12) 36 (47)     (1)
Ending balance at Jun. 30, 2024 17,136 5,517 (41,612) 55,455 (2,230) 6
Beginning balance at Mar. 31, 2024 17,645 5,663 (40,039) 54,108 (2,093) 6
Increase (Decrease) in Shareholders' Equity            
Profit of consolidated and affiliated companies 2,681     2,681    
Foreign currency translation, net of tax (71)       (71)  
Pension and other postretirement benefits, net of tax (3)       (3)  
Derivative financial instruments, net of tax (62)       (62)  
Available-for-sale securities, net of tax (1)       (1)  
Dividends declared [3] (1,334)     (1,334)    
Common shares issued from treasury stock for stock-based compensation 16 4 12      
Stock-based compensation expense 75 75        
Common shares repurchased [4] (1,570)   (1,570)      
Outstanding authorized accelerated share repurchase (250) (250)        
Other 10 25 (15)      
Ending balance at Jun. 30, 2024 17,136 5,517 (41,612) 55,455 (2,230) 6
Beginning balance at Dec. 31, 2024 19,494 6,941 (44,331) 59,352 (2,471) 3
Ending balance at Mar. 31, 2025 18,070 6,043 (47,127) 61,356 (2,205) 3
Beginning balance at Dec. 31, 2024 19,494 6,941 (44,331) 59,352 (2,471) 3
Increase (Decrease) in Shareholders' Equity            
Profit of consolidated and affiliated companies 4,182     4,182    
Foreign currency translation, net of tax 623       623  
Pension and other postretirement benefits, net of tax (2)       (2)  
Derivative financial instruments, net of tax 120       120  
Available-for-sale securities, net of tax 46       46  
Dividends declared [1] (1,374)     (1,374)    
Common shares issued from treasury stock for stock-based compensation (59) (53) (6)      
Stock-based compensation expense 131 131        
Common shares repurchased [2] (3,588)   (3,588)      
Outstanding authorized accelerated share repurchase (900) (900)        
Other (10) 24 (33)     (1)
Ending balance at Jun. 30, 2025 18,663 6,143 (47,958) 62,160 (1,684) 2
Beginning balance at Mar. 31, 2025 18,070 6,043 (47,127) 61,356 (2,205) 3
Increase (Decrease) in Shareholders' Equity            
Profit of consolidated and affiliated companies 2,179     2,179    
Foreign currency translation, net of tax 435       435  
Pension and other postretirement benefits, net of tax (1)       (1)  
Derivative financial instruments, net of tax 63       63  
Available-for-sale securities, net of tax 24       24  
Dividends declared [3] (1,375)     (1,375)    
Common shares issued from treasury stock for stock-based compensation 5   5      
Stock-based compensation expense 86 86        
Common shares repurchased [4] (828)   (828)      
Other 5 14 (8)     (1)
Ending balance at Jun. 30, 2025 $ 18,663 $ 6,143 $ (47,958) $ 62,160 $ (1,684) $ 2
[1] Dividends per share of common stock of $2.92 and $2.71 were declared in the six months ended June 30, 2025 and 2024, respectively.
[2] See Note 12 for additional information.
[3] Dividends per share of common stock of $2.92 and $2.71 were declared in the three months ended June 30, 2025 and 2024, respectively.
[4] See Note 12 for additional information.