v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Compre- hensive Loss
Treasury Stock, at Cost
Non- controlling Interests
Balance, shares at Dec. 31, 2024   111,000,000          
Balance at Dec. 31, 2024 $ 6,813 $ 2 $ 2,361 $ 9,360 $ (88) $ (4,857) $ 35
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 527     502     25
Other comprehensive income (loss), net of taxes 72       72    
Dividends declared (180)     (180)      
Distributions to noncontrolling interest partners (23)           (23)
Issuance of common stock under benefit plans (in shares)   1,000,000          
Issuance of common stock under benefit plans 13   (54)     67  
Stock-based compensation expense 43   43        
Exercise of stock options 42   1     41  
Shares to cover employee payroll tax withholdings on stock issued under stock-based compensation plans (42)   (19)     $ (23)  
Purchases of treasury stock (in shares)           0  
Balance, shares at Jun. 30, 2025   112,000,000          
Balance at Jun. 30, 2025 7,265 $ 2 2,332 9,682 (16) $ (4,772) 37
Balance, shares at Mar. 31, 2025   112,000,000          
Balance at Mar. 31, 2025 6,962 $ 2 2,310 9,490 (83) (4,790) 33
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 295     282     13
Other comprehensive income (loss), net of taxes 67       67    
Dividends declared (90)     (90)      
Distributions to noncontrolling interest partners (9)           (9)
Issuance of common stock under benefit plans 6         6  
Stock-based compensation expense 21   21        
Exercise of stock options 13   1     12  
Balance, shares at Jun. 30, 2025   112,000,000          
Balance at Jun. 30, 2025 7,265 $ 2 2,332 9,682 (16) (4,772) 37
Balance, shares at Dec. 31, 2025   110,000,000          
Balance at Dec. 31, 2025 7,206 $ 2 2,381 9,994 (27) (5,180) 36
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 596     572     24
Other comprehensive income (loss), net of taxes (35)       (35)    
Dividends declared (192)     (192)      
Distributions to noncontrolling interest partners (20)           (20)
Issuance of common stock under benefit plans 14   (39)     53  
Stock-based compensation expense 43   43        
Exercise of stock options (in shares)   1,000,000          
Exercise of stock options 82   9     73  
Shares to cover employee payroll tax withholdings on stock issued under stock-based compensation plans (38)   (20)     $ (18)  
Purchases of treasury stock (in shares)   (1,000,000)       (500,000)  
Purchases of treasury stock (100)         $ (100)  
Contributions from noncontrolling interest partners 263           263
Balance, shares at Jun. 30, 2026   110,000,000          
Balance at Jun. 30, 2026 7,819 $ 2 2,374 10,374 (62) (5,172) 303
Balance, shares at Mar. 31, 2026   111,000,000          
Balance at Mar. 31, 2026 7,666 $ 2 2,347 10,151 (43) (5,091) 300
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 333     320     13
Other comprehensive income (loss), net of taxes (19)       (19)    
Dividends declared (97)     (97)      
Distributions to noncontrolling interest partners (15)           (15)
Issuance of common stock under benefit plans 7   2     5  
Stock-based compensation expense 23   23        
Exercise of stock options 17   3     14  
Shares to cover employee payroll tax withholdings on stock issued under stock-based compensation plans (1)   (1)        
Purchases of treasury stock (in shares)   (1,000,000)          
Purchases of treasury stock (100)         (100)  
Contributions from noncontrolling interest partners 5           5
Balance, shares at Jun. 30, 2026   110,000,000          
Balance at Jun. 30, 2026 $ 7,819 $ 2 $ 2,374 $ 10,374 $ (62) $ (5,172) $ 303