v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Revision of Prior Period, Accounting Standards Update, Adjustment
Common Stock Shares
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Retained Earnings
Revision of Prior Period, Accounting Standards Update, Adjustment
Beginning balance (in shares) at Dec. 31, 2024     993          
Beginning balance at Dec. 31, 2024 $ 20,417 $ 20   $ (27,085) $ 20,705 $ (550) $ 27,347 $ 20
Increase (Decrease) in Stockholders' Equity                
Net income 1,287           1,287  
Foreign CTA, net 109         109    
Tax (expense) benefit on foreign CTA, net (7)         (7)    
Unrealized (losses) gains on cash flow hedges, net (176)         (176)    
Tax (expense) benefit on unrealized gains (losses) on cash flow hedges, net 9         9    
Unrealized (losses) gains on available-for-sale debt securities, net (9)         (9)    
Tax benefit on unrealized losses on available-for-sale debt securities, net 2         2    
Common stock and stock-based awards issued, net of shares withheld for employee taxes (in shares)     5          
Common stock and stock-based awards issued, net of shares withheld for employee taxes (171)       (171)      
Common stock repurchased (in shares)     (19)          
Common stock repurchased (1,512)     (1,512)        
Stock-based compensation 285       285      
Ending balance (in shares) at Mar. 31, 2025     979          
Ending balance at Mar. 31, 2025 20,254     (28,597) 20,819 (622) 28,654  
Beginning balance (in shares) at Dec. 31, 2024     993          
Beginning balance at Dec. 31, 2024 20,417 $ 20   (27,085) 20,705 (550) 27,347 $ 20
Increase (Decrease) in Stockholders' Equity                
Net income 2,548              
Foreign CTA, net 234              
Tax (expense) benefit on foreign CTA, net (4)              
Unrealized (losses) gains on cash flow hedges, net (424)              
Tax (expense) benefit on unrealized gains (losses) on cash flow hedges, net 20              
Unrealized (losses) gains on available-for-sale debt securities, net (20)              
Tax benefit on unrealized losses on available-for-sale debt securities, net 5              
Ending balance (in shares) at Jun. 30, 2025     960          
Ending balance at Jun. 30, 2025 20,201     (30,111) 21,136 (739) 29,915  
Beginning balance (in shares) at Mar. 31, 2025     979          
Beginning balance at Mar. 31, 2025 20,254     (28,597) 20,819 (622) 28,654  
Increase (Decrease) in Stockholders' Equity                
Net income 1,261           1,261  
Foreign CTA, net 125         125    
Tax (expense) benefit on foreign CTA, net 3         3    
Unrealized (losses) gains on cash flow hedges, net (248)         (248)    
Tax (expense) benefit on unrealized gains (losses) on cash flow hedges, net 11         11    
Unrealized (losses) gains on available-for-sale debt securities, net (11)         (11)    
Tax benefit on unrealized losses on available-for-sale debt securities, net 3         3    
Common stock and stock-based awards issued, net of shares withheld for employee taxes (in shares)     3          
Common stock and stock-based awards issued, net of shares withheld for employee taxes (2)       (2)      
Common stock repurchased (in shares)     (22)          
Common stock repurchased (1,514)     (1,514)        
Stock-based compensation 319       319      
Ending balance (in shares) at Jun. 30, 2025     960          
Ending balance at Jun. 30, 2025 $ 20,201     (30,111) 21,136 (739) 29,915  
Beginning balance (in shares) at Dec. 31, 2025 920   920          
Beginning balance at Dec. 31, 2025 $ 20,256     (33,138) 21,582 (658) 32,470  
Increase (Decrease) in Stockholders' Equity                
Net income 1,113           1,113  
Foreign CTA, net (34)         (34)    
Tax (expense) benefit on foreign CTA, net 4         4    
Unrealized (losses) gains on cash flow hedges, net 192         192    
Tax (expense) benefit on unrealized gains (losses) on cash flow hedges, net (13)         (13)    
Unrealized (losses) gains on available-for-sale debt securities, net (5)         (5)    
Tax benefit on unrealized losses on available-for-sale debt securities, net 1         1    
Common stock and stock-based awards issued, net of shares withheld for employee taxes (in shares)     6          
Common stock and stock-based awards issued, net of shares withheld for employee taxes (139)       (139)      
Common stock repurchased (in shares)     (34)          
Common stock repurchased (1,513)     (1,513)        
Cash dividends declared ($0.14 per share) (130)           (130)  
Stock-based compensation 292       292      
Ending balance (in shares) at Mar. 31, 2026     892          
Ending balance at Mar. 31, 2026 $ 20,024     (34,651) 21,735 (513) 33,453  
Beginning balance (in shares) at Dec. 31, 2025 920   920          
Beginning balance at Dec. 31, 2025 $ 20,256     (33,138) 21,582 (658) 32,470  
Increase (Decrease) in Stockholders' Equity                
Net income 2,217              
Foreign CTA, net (27)              
Tax (expense) benefit on foreign CTA, net 5              
Unrealized (losses) gains on cash flow hedges, net 211              
Tax (expense) benefit on unrealized gains (losses) on cash flow hedges, net (32)              
Unrealized (losses) gains on available-for-sale debt securities, net (3)              
Tax benefit on unrealized losses on available-for-sale debt securities, net $ 1              
Ending balance (in shares) at Jun. 30, 2026 862   862          
Ending balance at Jun. 30, 2026 $ 19,820     (36,165) 22,056 (503) 34,432  
Beginning balance (in shares) at Mar. 31, 2026     892          
Beginning balance at Mar. 31, 2026 20,024     (34,651) 21,735 (513) 33,453  
Increase (Decrease) in Stockholders' Equity                
Net income 1,104           1,104  
Foreign CTA, net 7         7    
Tax (expense) benefit on foreign CTA, net 1         1    
Unrealized (losses) gains on cash flow hedges, net 19         19    
Tax (expense) benefit on unrealized gains (losses) on cash flow hedges, net (19)         (19)    
Unrealized (losses) gains on available-for-sale debt securities, net 2         2    
Tax benefit on unrealized losses on available-for-sale debt securities, net 0              
Common stock and stock-based awards issued, net of shares withheld for employee taxes (in shares)     3          
Common stock and stock-based awards issued, net of shares withheld for employee taxes 15       15      
Common stock repurchased (in shares)     (33)          
Common stock repurchased (1,514)     (1,514)        
Cash dividends declared ($0.14 per share) (125)           (125)  
Stock-based compensation $ 306       306      
Ending balance (in shares) at Jun. 30, 2026 862   862          
Ending balance at Jun. 30, 2026 $ 19,820     $ (36,165) $ 22,056 $ (503) $ 34,432