v3.26.1
Condensed Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Mandatory convertible preferred stock
Mandatory convertible preferred stock
Common stock
Additional paid-in capital
Treasury stock
Retained earnings
Accumulated other comprehensive loss
Non- controlling interests
Beginning balance at Dec. 31, 2024 $ (3,914) $ 6 $ 5,061 $ 18,964 $ (32,386) $ 15,362 $ (10,915) $ (6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss)/earnings (643)         (648)   5
Other comprehensive income, net of tax 376           376  
Share-based compensation 254     254        
Treasury shares issued for other share-based plans, net 10     (228) 238      
Treasury shares issued for 401(k) contributions 793     248 545      
Cash dividends declared on Mandatory convertible preferred stock (172)         (172)    
Ending balance at Jun. 30, 2025 (3,296) 6 5,061 19,238 (31,603) 14,542 (10,539) (1)
Beginning balance at Mar. 31, 2025 (3,325) 6 5,061 19,008 (31,879) 15,239 (10,760)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss)/earnings (612)         (611)   (1)
Other comprehensive income, net of tax 221           221  
Share-based compensation 119     119        
Treasury shares issued for other share-based plans, net 12     (14) 26      
Treasury shares issued for 401(k) contributions 375     125 250      
Cash dividends declared on Mandatory convertible preferred stock (86)         (86)    
Ending balance at Jun. 30, 2025 (3,296) 6 5,061 19,238 (31,603) 14,542 (10,539) (1)
Beginning balance at Dec. 31, 2025 5,457 6 5,061 21,441 (28,029) 17,252 (10,277) 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss)/earnings (435)         (448)   13
Other comprehensive income, net of tax 145           145  
Share-based compensation 264     264        
Treasury shares issued for other share-based plans, net 2     (141) 143      
Treasury shares issued for 401(k) contributions 855     385 470      
Cash dividends declared on Mandatory convertible preferred stock (172)         (172)    
Other changes in noncontrolling interests (1)             (1)
Ending balance at Jun. 30, 2026 6,115 6 5,061 21,949 (27,416) 16,632 (10,132) 15
Beginning balance at Mar. 31, 2026 5,987 6 5,061 21,671 (27,647) 17,162 (10,266)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss)/earnings (428)         (444)   16
Other comprehensive income, net of tax 134           134  
Share-based compensation 103     103        
Treasury shares issued for other share-based plans, net 17     1 16      
Treasury shares issued for 401(k) contributions 389     174 215      
Cash dividends declared on Mandatory convertible preferred stock (86)         (86)    
Other changes in noncontrolling interests (1)             (1)
Ending balance at Jun. 30, 2026 $ 6,115 $ 6 $ 5,061 $ 21,949 $ (27,416) $ 16,632 $ (10,132) $ 15