| EQUITY |
EQUITY A summary of the changes in equity for the three months ended March 31, 2026 and 2025 is provided below:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | In millions, except per share amounts | Common Stock Issued | | Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total
Equity | | | Balance, January 1 | $ | 627 | | | $ | 14,414 | | | $ | 4,885 | | $ | (528) | | | $ | 4,571 | | | $ | 14,827 | | | | Issuance of stock for various plans, net | — | | | (62) | | | — | | — | | | (97) | | | 35 | | | | Repurchase of stock | — | | | — | | | — | | — | | | 30 | | | (30) | | | Common stock dividends ($0.4625 per share) | — | | | — | | | (246) | | — | | | — | | | (246) | | | | Comprehensive income (loss) | — | | | — | | | 60 | | 162 | | | — | | | 222 | | | | Ending Balance, March 31 | $ | 627 | | | $ | 14,352 | | | $ | 4,699 | | $ | (366) | | | $ | 4,504 | | | $ | 14,808 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | In millions, except per share amounts | Common Stock Issued | | Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total
Equity | | | Balance, January 1 | $ | 449 | | | $ | 4,732 | | | $ | 9,393 | | $ | (1,722) | | | $ | 4,679 | | | $ | 8,173 | | | | Issuance of stock for various plans, net | — | | | (113) | | | — | | — | | | (159) | | | 46 | | | | Issuance of stock for DS Smith acquisition | 178 | | | 9,731 | | | — | | — | | | — | | | 9,909 | | | | Repurchase of stock | — | | | — | | | — | | — | | | 62 | | | (62) | | | Common stock dividends ($0.4625 per share) | — | | | — | | | (250) | | — | | | — | | | (250) | | | | Comprehensive income (loss) | — | | | — | | | (105) | | 381 | | | — | | | 276 | | | | Ending Balance, March 31 | $ | 627 | | | $ | 14,350 | | | $ | 9,038 | | $ | (1,341) | | | $ | 4,582 | | | $ | 18,092 | | |
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