v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2024   226.9          
Balance at beginning of year at Dec. 31, 2024 $ 10,133 $ 2 $ 8,023 $ (3,273) $ 6,185 $ (846) $ 42
Beginning balance (in shares) at Dec. 31, 2024       (55.6)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends (43)       (43)    
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax (34)   (31) $ (3)      
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax (in shares)       0.3      
Stock based compensation 17   17        
Net income 327       322   5
Other comprehensive income (loss), net of tax 113         113  
Distribution to noncontrolling interest (1)           (1)
Stock repurchase (in shares)       (0.5)      
Stock repurchase (98)     $ (98)      
Treasury stock retirement (in shares)   (55.0)   (55.0)      
Treasury stock retirement 0 $ (1)   $ 3,305 (3,304)    
Ending balance (in shares) at Mar. 31, 2025   171.9          
Balance at end of period at Mar. 31, 2025 10,414 $ 1 8,009 $ (69) 3,160 (733) 46
Ending balance (in shares) at Mar. 31, 2025       (0.8)      
Beginning balance (in shares) at Dec. 31, 2024   226.9          
Balance at beginning of year at Dec. 31, 2024 10,133 $ 2 8,023 $ (3,273) 6,185 (846) 42
Beginning balance (in shares) at Dec. 31, 2024       (55.6)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 666            
Other comprehensive income (loss), net of tax 285            
Ending balance (in shares) at Jun. 30, 2025   171.9          
Balance at end of period at Jun. 30, 2025 10,845 $ 1 8,025 $ (116) 3,452 (561) 44
Ending balance (in shares) at Jun. 30, 2025       (1.0)      
Beginning balance (in shares) at Mar. 31, 2025   171.9          
Balance at beginning of year at Mar. 31, 2025 10,414 $ 1 8,009 $ (69) 3,160 (733) 46
Beginning balance (in shares) at Mar. 31, 2025       (0.8)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends (44)       (44)    
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax 0   (3) $ 3      
Stock based compensation 19   19        
Net income 339       336   3
Other comprehensive income (loss), net of tax 172         172  
Distribution to noncontrolling interest (5)           (5)
Stock repurchase (in shares)       (0.2)      
Stock repurchase (50)     $ (50)      
Ending balance (in shares) at Jun. 30, 2025   171.9          
Balance at end of period at Jun. 30, 2025 $ 10,845 $ 1 8,025 $ (116) 3,452 (561) 44
Ending balance (in shares) at Jun. 30, 2025       (1.0)      
Beginning balance (in shares) at Dec. 31, 2025 171.9 171.9          
Balance at beginning of year at Dec. 31, 2025 $ 11,190 $ 1 8,069 $ (190) 3,878 (616) 48
Beginning balance (in shares) at Dec. 31, 2025 (1.3)     (1.3)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends $ (53)       (53)    
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax (54)   (71) $ 17      
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax (in shares)       0.3      
Stock based compensation 22   22        
Net income 363       362   1
Other comprehensive income (loss), net of tax (73)         (73)  
Stock repurchase (in shares)       (1.0)      
Stock repurchase (243)     $ (243)      
Other (1)           (1)
Ending balance (in shares) at Mar. 31, 2026   171.9          
Balance at end of period at Mar. 31, 2026 $ 11,151 $ 1 8,020 $ (416) 4,187 (689) 48
Ending balance (in shares) at Mar. 31, 2026       (2.0)      
Beginning balance (in shares) at Dec. 31, 2025 171.9 171.9          
Balance at beginning of year at Dec. 31, 2025 $ 11,190 $ 1 8,069 $ (190) 3,878 (616) 48
Beginning balance (in shares) at Dec. 31, 2025 (1.3)     (1.3)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 759            
Other comprehensive income (loss), net of tax $ (113)            
Ending balance (in shares) at Jun. 30, 2026 171.9 171.9          
Balance at end of period at Jun. 30, 2026 $ 11,244 $ 1 8,043 $ (630) 4,529 (729) 30
Ending balance (in shares) at Jun. 30, 2026 (2.8)     (2.8)      
Beginning balance (in shares) at Mar. 31, 2026   171.9          
Balance at beginning of year at Mar. 31, 2026 $ 11,151 $ 1 8,020 $ (416) 4,187 (689) 48
Beginning balance (in shares) at Mar. 31, 2026       (2.0)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends (53)       (53)    
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax (1)   (5) $ 4      
Stock based compensation 28   28        
Net income 396       395   1
Other comprehensive income (loss), net of tax (40)         (40)  
Distribution to noncontrolling interest (19)       0   (19)
Stock repurchase (in shares)       (0.8)      
Stock repurchase $ (218)     $ (218)      
Ending balance (in shares) at Jun. 30, 2026 171.9 171.9          
Balance at end of period at Jun. 30, 2026 $ 11,244 $ 1 $ 8,043 $ (630) $ 4,529 $ (729) $ 30
Ending balance (in shares) at Jun. 30, 2026 (2.8)     (2.8)