v3.25.2
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Total Stockholders’ Equity
$0.01 Par Value Common Stock
Treasury Stock
Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Balance at Dec. 31, 2023 $ 8,373 $ 5,717 $ 2 $ 0 $ 1,389 $ 4,535 $ (209) $ 2,656
Increase (decrease) in equity                
Net earnings 744 614       614   130
Less: Net earnings attributable to noncontrolling interests 130              
Net earnings attributable to common stockholders 614              
Other comprehensive income (loss) (23) (23)         (23)  
Purchases of treasury stock (659) (659)   (659)        
Retirement of treasury stock 0 0   665 62 603    
Acquisition of treasury stock under employee stock plans (23) (23)   (23)        
Issuance of $0.01 par value common stock under employee stock plans 1 1   2 (1)      
Stock-based compensation expense 19 19     19      
Cash dividends (186) (186)       (186)    
Distribution declared to noncontrolling interest (144)             (144)
Balance at Jun. 30, 2024 8,102 5,460 2 (15) 1,345 4,360 (232) 2,642
Balance at Mar. 31, 2024 7,996 5,440 2 (374) 1,403 4,634 (225) 2,556
Increase (decrease) in equity                
Net earnings 506 420       420   86
Less: Net earnings attributable to noncontrolling interests 86              
Net earnings attributable to common stockholders 420              
Other comprehensive income (loss) (7) (7)         (7)  
Purchases of treasury stock (308) (308)   (308)        
Retirement of treasury stock       665 62 603    
Issuance of $0.01 par value common stock under employee stock plans       2 (2)      
Stock-based compensation expense 6 6     6      
Cash dividends (91) (91)       (91)    
Balance at Jun. 30, 2024 8,102 5,460 2 (15) 1,345 4,360 (232) 2,642
Balance at Dec. 31, 2024 7,592 4,985 2 (30) 1,284 4,009 (280) 2,607
Increase (decrease) in equity                
Net earnings 843 698       698   145
Less: Net earnings attributable to noncontrolling interests 145              
Net earnings attributable to common stockholders 698              
Other comprehensive income (loss) 78 78         78  
Purchases of treasury stock (642) (642)   (642) 0      
Retirement of treasury stock 0 0   (683) 66 617    
Acquisition of treasury stock under employee stock plans (13) (13)   (13)        
Issuance of $0.01 par value common stock under employee stock plans 1 1   2 (1)      
Stock-based compensation expense 22 22     22      
Cash dividends (166) (166)       (166)    
Contributions from noncontrolling interests 235             235
Distribution declared to noncontrolling interest (129)             (129)
Balance at Jun. 30, 2025 7,821 4,963 2 0 1,239 3,924 (202) 2,858
Balance at Mar. 31, 2025 7,297 4,780 2 (451) 1,292 4,208 (271) 2,517
Increase (decrease) in equity                
Net earnings 492 386       386 0 106
Less: Net earnings attributable to noncontrolling interests 106              
Net earnings attributable to common stockholders 386              
Other comprehensive income (loss) 69 69         69  
Purchases of treasury stock (204) (204)   (204)        
Retirement of treasury stock 0 0   (653) 63 590    
Issuance of $0.01 par value common stock under employee stock plans 0 0   2 (2)      
Stock-based compensation expense 12 12     12      
Cash dividends (80) (80)       (80)    
Contributions from noncontrolling interests 235             235
Balance at Jun. 30, 2025 $ 7,821 $ 4,963 $ 2 $ 0 $ 1,239 $ 3,924 $ (202) $ 2,858