v3.26.1
Share Repurchase Transactions and Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Share Repurchases Transactions and Other Comprehensive Loss

NOTE 9 — SHARE REPURCHASE TRANSACTIONS AND OTHER COMPREHENSIVE LOSS

During each of January 2026 and January 2025, our Board of Directors authorized share repurchase programs, both of which were for up to $10 billion of our outstanding common stock. During the six months ended June 30, 2026, we repurchased 7.909 million shares of our common stock at an average price of $447.53 per share through market purchases pursuant to the January 2025 authorization (which was fully utilized during the first quarter of 2026) and the January 2026 authorization. At June 30, 2026, we had $7.210 billion of repurchase authorization available under the January 2026 authorization.

The components of accumulated other comprehensive loss are as follows (dollars in millions):

 

Unrealized
Losses on
Available-for-Sale
Securities

 

 

Foreign
Currency
Translation
Adjustments

 

 

Defined
Benefit
Plans

 

 

Total

 

Balances at December 31, 2025

$

(11

)

 

$

(299

)

 

$

5

 

 

$

(305

)

Unrealized losses on available-for-sale
   securities

 

(2

)

 

 

 

 

 

 

 

 

(2

)

Foreign currency translation adjustments, net
   of $3 income tax benefits

 

 

 

 

(27

)

 

 

 

 

 

(27

)

Balances at June 30, 2026

$

(13

)

 

$

(326

)

 

$

5

 

 

$

(334

)