v3.26.1
Condensed Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance at Dec. 31, 2024   $ 1,466 $ 4,181 $ (27,358) $ 26,145 $ (4,222) [1] $ 332
Changes in Shareholders' Equity [Roll Forward]              
Net income $ 1,499       1,433   66
Other comprehensive income (loss), net of tax 302         298 [1] 4
Dividends         (843)   (53)
Stock-based compensation expense     55        
Shares issued for stock options     29 36      
Shares issued for restricted stock units     (22) 22      
Treasury stock acquired       (516)      
Other     3 (5)     1
Ending balance at Jun. 30, 2025   1,466 4,246 (27,821) 26,735 (3,924) [1],[2] 350
Beginning balance at Mar. 31, 2025   1,466 4,202 (27,602) 26,413 (4,116) [2] 370
Changes in Shareholders' Equity [Roll Forward]              
Net income 773       743   30
Other comprehensive income (loss), net of tax 195         193 [2] 2
Dividends         (421)   (53)
Stock-based compensation expense     32        
Shares issued for stock options     11 14      
Shares issued for restricted stock units     (1) 1      
Treasury stock acquired       (232)      
Other     2 (2)   (1) [2] 1
Ending balance at Jun. 30, 2025   1,466 4,246 (27,821) 26,735 (3,924) [1],[2] 350
Beginning balance at Dec. 31, 2025 365 1,466 4,322 (28,450) 26,595 (3,879) [1] 311
Changes in Shareholders' Equity [Roll Forward]              
Net income 1,401       1,339   62
Other comprehensive income (loss), net of tax 59         63 [1] (4)
Dividends         (849)   (39)
Stock-based compensation expense     78        
Shares issued for stock options     61 77      
Shares issued for restricted stock units     (32) 32      
Treasury stock acquired       (590)      
Other     3 0     0
Ending balance at Jun. 30, 2026 566 1,466 4,432 (28,931) 27,085 (3,816) [1],[2] 330
Beginning balance at Mar. 31, 2026   1,466 4,390 (28,656) 26,816 (3,871) [2] 341
Changes in Shareholders' Equity [Roll Forward]              
Net income 719       693   26
Other comprehensive income (loss), net of tax 56         55 [2] 1
Dividends         (424)   (38)
Stock-based compensation expense     38        
Shares issued for stock options     5 6      
Shares issued for restricted stock units     (3) 3      
Treasury stock acquired       (284)      
Other     2     0 [2]  
Ending balance at Jun. 30, 2026 $ 566 $ 1,466 $ 4,432 $ (28,931) $ 27,085 $ (3,816) [1],[2] $ 330
[1] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,292 at June 30, 2026 ($3,378 at June 30, 2025) and $3,351 at December 31, 2025 ($3,687 at December 31, 2024), respectively, and unrecognized retirement plan and other retiree benefits costs of $584 at June 30, 2026 ($595 at June 30, 2025) and $583 at December 31, 2025 ($605 at December 31, 2024), respectively.
[2] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,292 at June 30, 2026 ($3,378 at June 30, 2025) and $3,343 at March 31, 2026 ($3,575 at March 31, 2025), respectively, and unrecognized retirement plan and other retiree benefits costs of $584 at June 30, 2026 ($595 at June 30, 2025) and $589 at March 31, 2026 ($600 at March 31, 2025), respectively.