v3.26.1
Condensed Consolidated Statements of Stockholders' Equity (Deficit) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Earnings Reinvested in the Business
Accumulated Other Comprehensive Losses
Cost of Repurchased Stock
Non-controlling Interest
Beginning balance at Dec. 31, 2024 $ (2,188) $ 935 $ 5,905 $ 35,516 $ (2,400) $ (42,194) $ 50
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 3,455     3,455      
Other comprehensive earnings (losses), net of deferred income taxes (431)       (431)    
Stock award activity $ 10   (10)     20  
Cash dividends declared (USD per share) $ 2.04            
Cash dividends declared $ (3,446)     (3,446)      
Repurchases of common stock (600)   0     (600)  
Other (6)         (6)  
Ending balance at Jun. 30, 2025 (3,206) 935 5,895 35,525 (2,831) (42,780) 50 [1]
Beginning balance at Mar. 31, 2025 (3,460) 935 5,883 34,868 (2,691) (42,505) 50 [1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 2,378     2,378      
Other comprehensive earnings (losses), net of deferred income taxes (140)       (140)    
Stock award activity $ 14   12     2  
Cash dividends declared (USD per share) $ 1.02            
Cash dividends declared $ (1,721)     (1,721)      
Repurchases of common stock (274)   0     (274)  
Other (3)         (3)  
Ending balance at Jun. 30, 2025 (3,206) 935 5,895 35,525 (2,831) (42,780) 50 [1]
Beginning balance at Dec. 31, 2025 (3,452) 935 5,921 35,452 (2,627) (43,183) 50
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 4,481     4,481      
Other comprehensive earnings (losses), net of deferred income taxes 246       246    
Stock award activity $ (4)   (20)     16  
Cash dividends declared (USD per share) $ 2.12            
Cash dividends declared $ (3,551)     (3,551)      
Repurchases of common stock (335)         (335)  
Other (3)         (3)  
Ending balance at Jun. 30, 2026 (2,618) 935 5,901 36,382 (2,381) (43,505) 50 [1]
Beginning balance at Mar. 31, 2026 (3,161) 935 5,894 35,859 (2,450) (43,449) 50 [1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 2,298     2,298      
Other comprehensive earnings (losses), net of deferred income taxes 69       69    
Stock award activity $ 7   7     0  
Cash dividends declared (USD per share) $ 1.06            
Cash dividends declared $ (1,775)     (1,775)      
Repurchases of common stock (55)   0     (55)  
Other (1)         (1)  
Ending balance at Jun. 30, 2026 $ (2,618) $ 935 $ 5,901 $ 36,382 $ (2,381) $ (43,505) $ 50 [1]
[1] Represents the non-cash contribution made by JTIUH to Horizon. See Note 1. Background and Basis of Presentation.