v3.26.1
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock Issued
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Balance at Dec. 31, 2024 $ 22,350 $ 11,458 $ (1,773) $ 16,395 $ (4,950) $ 1,220
Net income 1,877     1,811   66
Currency translation adjustments 226       226  
Changes in fair value of cash flow hedges (39)       (39)  
Pension and other postretirement benefit plans 9       9  
Shares sold to optionees, less shares exchanged 8 (2) 10      
Vesting of restricted stock, net of taxes withheld (55) (226) 171      
Employee stock purchase plan 105 (44) 149      
Stock repurchase program (2,300)   (2,300)      
Stock-based compensation expense 168 168        
Dividends declared (773)     (773)    
Dividends paid to noncontrolling interests (43)         (43)
Other 18   1   11 6
Balance at Jun. 30, 2025 21,551 11,354 (3,742) 17,433 (4,743) 1,249
Balance at Mar. 31, 2025 20,748 10,827 (3,292) 16,804 (4,824) 1,233
Net income 1,048     1,014   34
Currency translation adjustments 54       54  
Changes in fair value of cash flow hedges 21       21  
Pension and other postretirement benefit plans 4       4  
Shares sold to optionees, less shares exchanged 0 (1) 1      
Vesting of restricted stock, net of taxes withheld (2) (9) 7      
Stock repurchase program 0 460 (460)      
Stock-based compensation expense 77 77        
Dividends declared (385)     (385)    
Dividends paid to noncontrolling interests (22)         (22)
Other 8   2   2 4
Balance at Jun. 30, 2025 21,551 11,354 (3,742) 17,433 (4,743) 1,249
Balance at Dec. 31, 2025 $ 27,291 $ 16,354 $ (3,576) 18,067 (4,736) 1,182
Balance Issued, shares at Dec. 31, 2025   1,580        
Treasury shares , Balance at Dec. 31, 2025     (85)      
Balance Shares Outstanding, shares at Dec. 31, 2025 1,495          
Net income $ 1,576     1,538   38
Currency translation adjustments 33       33  
Changes in fair value of cash flow hedges 43       43  
Pension and other postretirement benefit plans 22       22  
Shares sold to optionees, less shares exchanged $ 106 $ (18) $ 124      
Shares sold to optionees, less shares exchanged, shares 3   3      
Vesting of restricted stock, net of taxes withheld $ (63) (210) $ 147      
Vesting of restricted stock, shares 3   3      
Employee stock purchase plan $ 105 (45) $ 150      
Shares issued under employee stock purchase plan, shares 4   4      
Stock repurchase program $ (1,099)   $ (1,099)      
Stock repurchase program, shares (21)   (21)      
Stock-based compensation expense $ 179 179        
Dividends declared (880)     (880)    
Dividends paid to noncontrolling interests (55)         (55)
Other (4)   $ 1 (15) (5) 15
Balance at Jun. 30, 2026 $ 27,254 $ 16,260 $ (4,253) 18,710 (4,643) 1,180
Balance Issued, shares at Jun. 30, 2026   1,580        
Treasury shares, Balance at Jun. 30, 2026     (96)      
Balance Shares Outstanding, shares at Jun. 30, 2026 1,484          
Balance at Mar. 31, 2026 $ 27,353 $ 16,198 $ (3,650) 18,369 (4,740) 1,176
Net income 815     786   29
Currency translation adjustments 27       27  
Changes in fair value of cash flow hedges 55       55  
Pension and other postretirement benefit plans 15       15  
Shares sold to optionees, less shares exchanged 32 (3) 35      
Vesting of restricted stock, net of taxes withheld (4) (13) 9      
Employee stock purchase plan 1   1      
Stock repurchase program (648)   (648)      
Stock-based compensation expense 78 78        
Dividends declared (437)     (437)    
Dividends paid to noncontrolling interests (32)         (32)
Other (1)     (8)   7
Balance at Jun. 30, 2026 $ 27,254 $ 16,260 $ (4,253) $ 18,710 $ (4,643) $ 1,180
Balance Issued, shares at Jun. 30, 2026   1,580        
Treasury shares, Balance at Jun. 30, 2026     (96)      
Balance Shares Outstanding, shares at Jun. 30, 2026 1,484