v3.25.2
Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Accelerated Share Repurchases
The following table summarizes the activity of our ASR agreement for the six months ended June 30, 2024:
(in millions, except average price paid per share)
ASR Agreement InitiationTotal CostInitial Shares ReceivedASR Agreement SettlementAdditional Shares ReceivedTotal Number of Shares PurchasedAverage Price Paid per Share
March 2024$354 1.7 May 20240.2 1.9 $182.65 
May 2024$505 1.8 July 20240.6 2.4 $211.40 
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)
The following tables present changes in AOCI, net of tax, by component:
Three Months Ended June 30, 2025Gains (losses) on Cash Flow Hedges
Pension and OPEB Items(a)
Foreign Currency ItemsTotal
Beginning balance$(4)$(2,279)$(26)$(2,309)
OCI before reclassifications— — 20 20 
Amounts reclassified from AOCI16 — 17 
Net current-period OCI16 20 37 
Ending balance$(3)$(2,263)$(6)$(2,272)
Three Months Ended June 30, 2024
Beginning balance$(10)$(2,143)$(27)$(2,180)
OCI before reclassifications— (2)(1)(3)
Amounts reclassified from AOCI20 — 22 
Net current-period OCI18 (1)19 
Ending balance$(8)$(2,125)$(28)$(2,161)
Six Months Ended June 30, 2025
Beginning balance$(6)$(2,262)$(34)$(2,302)
OCI before reclassifications— (34)28 (6)
Amounts reclassified from AOCI33 — 36 
Net current-period OCI(1)28 30 
Ending balance$(3)$(2,263)$(6)$(2,272)
Six Months Ended June 30, 2024
Beginning balance$(10)$(2,157)$(24)$(2,191)
OCI before reclassifications— (5)(4)(9)
Amounts reclassified from AOCI37 — 39 
Net current-period OCI32 (4)30 
Ending balance$(8)$(2,125)$(28)$(2,161)
__________
(a)AOCI amounts are included in the computation of net periodic pension and OPEB cost. See Note 9 — Retirement Benefits for additional information. See our Consolidated Statements of Operations and Comprehensive Income for individual components of AOCI.
The following table presents income tax (expense) benefit allocated to each component of our other comprehensive income (loss):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Pension and OPEB plans:
Actuarial loss reclassified to periodic benefit cost$(6)$(6)$(12)$(12)
Pension and OPEB plans valuation adjustment— — 12