v3.26.1
EQUITY
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
EQUITY EQUITY
The following tables present the changes in consolidated equity (dollars in millions, share amounts in thousands):
Common StockAdditional
Paid-In
Capital		Accumulated
Other
Comprehensive
Loss		Retained EarningsTreasury
Stock		Noncontrolling
Interests		Total Equity
Shares
Outstanding		Issued Par
Amount
Balances at December 31, 202586,952 $8 $4,914 $(181)$4,415 $(4,936)$1,797 $6,017 
Net income— — — — 702 — 93 795 
Distributions paid to noncontrolling interests— — — — — — (75)(75)
Other comprehensive income— — — 2 — — — 2 
Purchases of businesses and noncontrolling interests, net— — 270 — — — 84 354 
Repurchases of common stock(1,346)— — — — (320)— (320)
Stock-based compensation expense, tax benefit and issuance of common stock518 — (60)— — — — (60)
Balances at March 31, 202686,124 8 5,124 (179)5,117 (5,256)1,899 6,713 
Net income— — — — 826 — 106 932 
Distributions paid to noncontrolling interests— — — — — — (78)(78)
Other comprehensive income— — — 2 — — — 2 
Purchases (sales) of businesses and noncontrolling interests, net— — 22 — — — (28)(6)
Repurchases of common stock(5,675)— — — — (1,052)— (1,052)
Stock-based compensation expense, tax benefit and issuance of common stock58 — 46 — — — — 46 
Balances at June 30, 202680,507 $8 $5,192 $(177)$5,943 $(6,308)$1,899 $6,557 
Common StockAdditional
Paid-In
Capital		Accumulated
Other
Comprehensive
Loss		Retained EarningsTreasury
Stock		Noncontrolling
Interests		Total Equity
Shares
Outstanding		Issued Par
Amount
Balances at December 31, 202495,109 $8 $4,873 $(180)$3,008 $(3,538)$1,649 $5,820 
Net income— — — — 406 — 95 501 
Distributions paid to noncontrolling interests— — — — — — (89)(89)
Other comprehensive income— — — 2 — — — 2 
Purchases (sales) of businesses and noncontrolling interests, net— — (35)— — — 41 6 
Repurchases of common stock(2,629)— — — — (351)— (351)
Stock-based compensation expense, tax benefit and issuance of common stock405 — (12)— — — — (12)
Balances at March 31, 202592,885 8 4,826 (178)3,414 (3,889)1,696 5,877 
Net income— — — — 288 — 105 393 
Distributions paid to noncontrolling interests— — — — — — (83)(83)
Other comprehensive income— — — 1 — — — 1 
Purchases of businesses and noncontrolling interests, net— — 10 — — — 9 19 
Repurchases of common stock(4,601)— — — — (753)— (753)
Stock-based compensation expense, tax benefit and issuance of common stock60 — 22 — — — — 22 
Balances at June 30, 202588,344 $8 $4,858 $(177)$3,702 $(4,642)$1,727 $5,476 
Nonredeemable Noncontrolling Interests
The table below presents our nonredeemable noncontrolling interests balances by segment:
 June 30, 2026December 31, 2025
Hospital Operations$214 $211 
Ambulatory Care1,685 1,586 
Total nonredeemable noncontrolling interests$1,899 $1,797 
The table below presents our net income available to nonredeemable noncontrolling interests by segment:
 Three Months Ended
June 30,		Six Months Ended
June 30,
 2026202520262025
Hospital Operations$9 $12 $19 $24 
Ambulatory Care97 93 180 176 
Total net income available to nonredeemable noncontrolling interests$106 $105 $199 $200 
Share Repurchase Program Activity
In July 2024, our board of directors authorized the repurchase of up to $1.500 billion of our common stock through a share repurchase program that has no expiration date. In July 2025, the board authorized a $1.500 billion increase to the program, and, in June 2026, the board authorized an additional $2.000 billion for share repurchases under the program. The share repurchase program does not obligate us to acquire any particular amount of common stock, and it may be suspended for periods or discontinued at any time. Share repurchases may be made in open‑market or privately negotiated transactions, at management’s discretion subject to market conditions and other factors, in a manner consistent with applicable securities laws and regulations.
The table below presents repurchase activity under our share repurchase program:
PeriodTotal Number of Shares PurchasedAverage Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced ProgramMaximum Dollar Value of Shares That May Yet Be Purchased Under the Program
 (In Thousands)(In Thousands)(In Millions)
January 1 through June 30, 2026
January 1 through January 31, 2026—$— —$1,490 
February 1 through February 28, 2026—$— —$1,490 
March 1 through March 31, 20261,346$236.30 1,346$1,172 
April 1 through April 30, 2026—$— —$1,172 
May 1 through May 31, 20264,031$190.26 4,031$405 
June 1 through June 30, 20261,644$167.20 1,644$2,130 
January 1 through June 30, 2025
January 1 through January 31, 2025—$— —$1,376 
February 1 through February 28, 20251,800$134.98 1,800$1,133 
March 1 through March 31, 2025829$126.67 829$1,028 
April 1 through April 30, 2025—$— —$1,028 
May 1 through May 31, 20252,456$157.57 2,456$641 
June 1 through June 30, 20252,145$167.83 2,145$281