v3.26.1
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Common shares:
Other capital:
Retained earnings:
Accumulated other comprehensive loss:
Balance at beginning of period at Dec. 31, 2024   $ 908 $ 7,500 $ 1,715 $ (402)
Issued for exercise of stock options and vested units   1 1    
Repurchases of common shares (Note 4)   (6) (119)    
Share-based compensation     23    
Other transactions, net     (4)    
Net earnings $ 170     170  
Dividends on common shares       (309)  
Other comprehensive income $ 46       46
Dividends paid per common share $ 0.42        
Balance at end of period at Jun. 30, 2025 $ 9,524 903 7,401 1,576 (356)
Balance at beginning of period at Mar. 31, 2025   908 7,483 1,643 (389)
Issued for exercise of stock options and vested units   0 0    
Repurchases of common shares (Note 4)   (5) (95)    
Share-based compensation     12    
Other transactions, net     1    
Net earnings 87     87  
Dividends on common shares       (154)  
Other comprehensive income $ 33       33
Dividends paid per common share $ 0.21        
Balance at end of period at Jun. 30, 2025 $ 9,524 903 7,401 1,576 (356)
Balance at beginning of period at Dec. 31, 2025 9,426 901 7,390 1,428 (293)
Issued for exercise of stock options and vested units   1 5    
Repurchases of common shares (Note 4)   (1) (19)    
Share-based compensation     23    
Other transactions, net     (7)    
Net earnings 318     318  
Dividends on common shares       (304)  
Other comprehensive income $ 14       14
Dividends paid per common share $ 0.42        
Balance at end of period at Jun. 30, 2026 $ 9,456 901 7,392 1,442 (279)
Balance at beginning of period at Mar. 31, 2026   901 7,391 1,431 (284)
Issued for exercise of stock options and vested units   0 0    
Repurchases of common shares (Note 4)   0 (10)    
Share-based compensation     10    
Other transactions, net     1    
Net earnings 162     162  
Dividends on common shares       (151)  
Other comprehensive income $ 5       5
Dividends paid per common share $ 0.21        
Balance at end of period at Jun. 30, 2026 $ 9,456 $ 901 $ 7,392 $ 1,442 $ (279)