v3.26.1
Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock [Member]
Treasury Stock, Common [Member]
Capital in Excess of Par Value [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Retained Earnings (Loss) [Member]
Noncontrolling Interests [Member]
Beginning balance at Dec. 31, 2024 $ 3,160 $ 1 $ (6,759) $ 6,245 $ (58) $ 3,455 $ 276
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 927         813 114
Currency translation adjustment 129       132   (3)
Foreign currency hedge adjustments (85)       (70)   (15)
Stock-based compensation 25     24     1
Tax withholding on vesting of equity awards (2)     (2)      
Repurchase of common stock (1,262)   (1,262)        
Settlement of contracts for purchase of noncontrolling interest (137)     (126)     (11)
Unsettled contract for purchase of noncontrolling interest (100)     (100)      
Capped call option contract 52     52      
Dividends, common stock, cash (425)         (354) (71)
Ending balance at Jun. 30, 2025 $ 2,282 1 (8,021) 6,093 4 3,914 291
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock, dividends declared (per share) $ 0.50            
Beginning balance at Mar. 31, 2025 $ 3,033 1 (7,213) 6,307 (24) 3,628 334
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 519         461 58
Currency translation adjustment 102       105   (3)
Foreign currency hedge adjustments (95)       (77)   (18)
Stock-based compensation 14     14      
Repurchase of common stock (808)   (808)        
Settlement of contracts for purchase of noncontrolling interest (137)     (128)     (9)
Unsettled contract for purchase of noncontrolling interest (100)     (100)      
Dividends, common stock, cash (246)         (175) (71)
Ending balance at Jun. 30, 2025 $ 2,282 1 (8,021) 6,093 4 3,914 291
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock, dividends declared (per share) $ 0.25            
Beginning balance at Dec. 31, 2025 $ 1,934 1 (9,028) 6,159 71 4,387 344
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,014         913 101
Currency translation adjustment (28)       (24)   (4)
Foreign currency hedge adjustments 14       10   4
Exercise of stock options 4     4      
Stock-based compensation 37     36     1
Tax withholding on vesting of equity awards (6)     (6)      
Repurchase of common stock (1,542)   (1,542)        
Dividends, common stock, cash (530)         (400) (130)
Ending balance at Jun. 30, 2026 $ 897 1 (10,570) 6,193 57 4,900 316
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock, dividends declared (per share) $ 0.60            
Beginning balance at Mar. 31, 2026 $ 1,608 1 (9,774) 6,180 38 4,753 410
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 373         346 27
Currency translation adjustment (2)       (2)   0
Foreign currency hedge adjustments 30       21   9
Stock-based compensation 13     13      
Repurchase of common stock (796)   (796)        
Dividends, common stock, cash (329)         (199) (130)
Ending balance at Jun. 30, 2026 $ 897 $ 1 $ (10,570) $ 6,193 $ 57 $ 4,900 $ 316
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock, dividends declared (per share) $ 0.30