v3.25.4
Income Taxes Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
Income before income taxes $ 18,578 $ 15,254 $ 13,639
Federal statutory tax 3,901 3,203 2,864
Foreign-derived intangible income deduction (204) (195) (144)
U.S. foreign tax credits (259) (224) 73
Other 140 77 110
Effects of changes in tax law   0 (688)
Valuation allowance 76 113 644
Other, net (194) (28) (71)
Income tax expense $ 3,610 $ 2,380 $ 2,444
Percent      
Federal statutory tax 21.00% 21.00% 21.00%
Foreign-derived intangible income deduction (1.10%) (1.30%) (1.10%)
U.S. foreign tax credits 1.40% 1.50% (0.50%)
Other 0.80% 0.50% 0.80%
Effects of changes in tax law     (5.00%)
Valuation allowance 0.40% 0.70% 4.70%
Other, net (1.00%) (0.20%) (0.50%)
Income tax expense 19.40% 15.60% 17.90%
Singapore      
Amount      
Foreign income tax rate differential $ (161) $ (162) $ (147)
Singapore tax incentive (330) (644) (571)
Pillar 2 Rules $ 233 $ 0 $ 0
Percent      
Foreign income tax rate differential (0.90%) (1.10%) (1.10%)
Singapore tax incentive (1.80%) (4.20%) (4.20%)
Pillar 2 Rules 1.30% 0.00% 0.00%
Other foreign jurisdictions      
Amount      
Foreign income tax rate differential $ 408 $ 240 $ 374
Percent      
Foreign income tax rate differential 2.20% 1.60% 2.70%