v3.25.2
Consolidated Condensed Statements of Shareholders' Equity (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Employee Benefit Trust
Accumulated Other Comprehensive Loss
Common Stock in Treasury
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2023   949,781            
Beginning balance at Dec. 31, 2023   $ 593.6 $ 7,250.4 $ 10,312.3 $ (3,013.2) $ (4,327.0) $ (44.2) [1] $ 91.8
Beginning balance (in shares) at Dec. 31, 2023 [1]             402  
Increase (Decrease) in Shareholders' Equity [Roll Forward]                
Net income (loss)       5,209.9       (15.0)
Other comprehensive (loss) income, net of tax $ (51.5)         (51.5)    
Cash dividends declared       (2,342.9)        
Issuance of stock under employee stock plans, net (in shares)   1,000         (37) [1]  
Issuance of stock under employee stock plans, net   $ 0.6 (406.7)       $ 11.5 [1]  
Stock-based compensation     370.5          
Other       (1.3)       (3.3)
Ending balance (in shares) at Jun. 30, 2024   950,781            
Ending balance at Jun. 30, 2024   $ 594.2 7,214.2 13,178.0 (3,013.2) (4,378.5) $ (32.7) [2] 73.5
Ending balance (in shares) at Jun. 30, 2024 [1]             365  
Beginning balance (in shares) at Mar. 31, 2024   950,768            
Beginning balance at Mar. 31, 2024   $ 594.2 7,009.5 12,553.9 (3,013.2) (4,299.5) $ (32.7) [2] 85.2
Beginning balance (in shares) at Mar. 31, 2024 [2]             365  
Increase (Decrease) in Shareholders' Equity [Roll Forward]                
Net income (loss)       2,967.0       (9.9)
Other comprehensive (loss) income, net of tax (79.0)         (79.0)    
Cash dividends declared       (2,342.9)        
Issuance of stock under employee stock plans, net (in shares)   13            
Issuance of stock under employee stock plans, net     (6.4)          
Stock-based compensation     211.1          
Other               (1.8)
Ending balance (in shares) at Jun. 30, 2024   950,781            
Ending balance at Jun. 30, 2024   $ 594.2 7,214.2 13,178.0 (3,013.2) (4,378.5) $ (32.7) [2] 73.5
Ending balance (in shares) at Jun. 30, 2024 [1]             365  
Beginning balance (in shares) at Dec. 31, 2024   947,903            
Beginning balance at Dec. 31, 2024 14,271.6 $ 592.4 7,439.3 13,545.0 (3,013.2) (4,321.9) $ (49.5) [1] 79.5
Beginning balance (in shares) at Dec. 31, 2024 [1]             365  
Increase (Decrease) in Shareholders' Equity [Roll Forward]                
Net income (loss)       8,419.8       25.7
Other comprehensive (loss) income, net of tax 605.9         605.9    
Cash dividends declared       (2,692.2)        
Retirement of treasury shares (in shares)   (2,268)         (2,268) [1]  
Retirement of treasury shares   $ (1.4)   (1,890.8)     $ 1,892.2 [1]  
Purchase of treasury shares (in shares) [1]             2,268  
Purchase of treasury shares [1]             $ (1,892.2)  
Issuance of stock under employee stock plans, net (in shares)   1,563            
Issuance of stock under employee stock plans, net   $ 1.0 (688.8)          
Stock-based compensation     338.8          
Other       (5.6)     (5.9) (29.0)
Ending balance (in shares) at Jun. 30, 2025   947,198            
Ending balance at Jun. 30, 2025 18,349.1 $ 592.0 7,089.3 17,376.2 (3,013.2) (3,716.0) $ (55.4) [2] 76.2
Ending balance (in shares) at Jun. 30, 2025 [1]             365  
Beginning balance (in shares) at Mar. 31, 2025   948,095            
Beginning balance at Mar. 31, 2025   $ 592.6 6,910.0 15,099.5 (3,013.2) (3,774.6) $ (49.5) [2] 82.0
Beginning balance (in shares) at Mar. 31, 2025 [2]             365  
Increase (Decrease) in Shareholders' Equity [Roll Forward]                
Net income (loss)       5,660.5       18.7
Other comprehensive (loss) income, net of tax 58.6         58.6    
Cash dividends declared       (2,692.2)        
Retirement of treasury shares (in shares)   (909)         (909) [2]  
Retirement of treasury shares   $ (0.6)   (691.6)     $ 692.2 [2]  
Purchase of treasury shares (in shares) [2]             909  
Purchase of treasury shares [2]             $ (692.2)  
Issuance of stock under employee stock plans, net (in shares)   12            
Issuance of stock under employee stock plans, net     (5.8)          
Stock-based compensation     185.1          
Other             (5.9) [2] (24.5)
Ending balance (in shares) at Jun. 30, 2025   947,198            
Ending balance at Jun. 30, 2025 $ 18,349.1 $ 592.0 $ 7,089.3 $ 17,376.2 $ (3,013.2) $ (3,716.0) $ (55.4) [2] $ 76.2
Ending balance (in shares) at Jun. 30, 2025 [1]             365  
[1] As of June 30, 2025, there was $13.11 billion remaining under our $15.00 billion share repurchase program authorized in December 2024.
[2] As of June 30, 2025, there was $13.11 billion remaining under our $15.00 billion share repurchase program authorized in December 2024.