v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
COMMON SHARES
ADDITIONAL PAID-IN CAPITAL:
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS), NET OF DEFERRED INCOME TAXES:
RETAINED EARNINGS:
TREASURY SHARES AT COST:
Balance beginning of period (in shares) at Dec. 31, 2024   43.0        
Balance beginning of period at Dec. 31, 2024   $ 1 $ 3,812 $ (1,138) $ 15,309 $ (4,108)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issued (redeemed) during the period, net (in shares)   0.2        
Treasury shares acquired (in shares)   (0.6)        
Purchase of treasury shares           (200)
Share-based compensation plans     (13)     0
Net increase (decrease) during the period $ 352     352    
Net income (loss) 210       210  
Dividends declared ($2.00 per share in 1Q 2026 and $2.00 per share in 1Q 2025)         (85)  
Balance ending of period (in shares) at Mar. 31, 2025   42.5        
Balance ending of period at Mar. 31, 2025 $ 14,140 $ 1 3,799 (786) 15,434 (4,308)
Balance beginning of period (in shares) at Dec. 31, 2025 74.4 40.7        
Balance beginning of period at Dec. 31, 2025 $ 15,461 $ 1 3,852 (52) 16,565 (4,906)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issued (redeemed) during the period, net (in shares)   0.1        
Treasury shares acquired (in shares)   (1.0)        
Purchase of treasury shares           (331)
Share-based compensation plans     (3)     1
Net increase (decrease) during the period (410)     (410)    
Net income (loss) $ 653       653  
Dividends declared ($2.00 per share in 1Q 2026 and $2.00 per share in 1Q 2025)         (80)  
Balance ending of period (in shares) at Mar. 31, 2026 74.5 39.8        
Balance ending of period at Mar. 31, 2026 $ 15,291 $ 1 $ 3,849 $ (462) $ 17,139 $ (5,236)