v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
COMMON SHARES
ADDITIONAL PAID-IN CAPITAL:
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS), NET OF DEFERRED INCOME TAXES:
RETAINED EARNINGS:
TREASURY SHARES AT COST:
Balance beginning of period (in shares) at Dec. 31, 2024   43.0        
Balance beginning of period at Dec. 31, 2024   $ 1 $ 3,812 $ (1,138) $ 15,309 $ (4,108)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issued (redeemed) during the period, net (in shares)   0.1        
Treasury shares acquired (in shares)   (1.2)        
Purchase of treasury shares           (400)
Share-based compensation plans     6      
Net increase (decrease) during the period $ 817     817    
Net income (loss) 890       890  
Dividends declared ($2.00 per share in 2Q 2026 and $4.00 per share YTD in 2026; $2.00 per share in 2Q 2025 and $4.00 per share YTD in 2025)         (169)  
Balance ending of period (in shares) at Jun. 30, 2025   41.9        
Balance ending of period at Jun. 30, 2025 15,019 $ 1 3,818 (321) 16,030 (4,508)
Balance beginning of period (in shares) at Mar. 31, 2025   42.5        
Balance beginning of period at Mar. 31, 2025   $ 1 3,799 (786) 15,434 (4,308)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Treasury shares acquired (in shares)   (0.6)        
Purchase of treasury shares           (200)
Share-based compensation plans     19      
Net increase (decrease) during the period 465     465    
Net income (loss) 680       680  
Dividends declared ($2.00 per share in 2Q 2026 and $4.00 per share YTD in 2026; $2.00 per share in 2Q 2025 and $4.00 per share YTD in 2025)         (84)  
Balance ending of period (in shares) at Jun. 30, 2025   41.9        
Balance ending of period at Jun. 30, 2025 $ 15,019 $ 1 3,818 (321) 16,030 (4,508)
Balance beginning of period (in shares) at Dec. 31, 2025 74.4 40.7        
Balance beginning of period at Dec. 31, 2025 $ 15,461 $ 1 3,852 (52) 16,565 (4,906)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issued (redeemed) during the period, net (in shares)   0.1        
Treasury shares acquired (in shares)   (2.2)        
Purchase of treasury shares           (725)
Share-based compensation plans     20     1
Net increase (decrease) during the period (380)     (380)    
Net income (loss) $ 1,213       1,213  
Dividends declared ($2.00 per share in 2Q 2026 and $4.00 per share YTD in 2026; $2.00 per share in 2Q 2025 and $4.00 per share YTD in 2025)         (158)  
Balance ending of period (in shares) at Jun. 30, 2026 74.5 38.7        
Balance ending of period at Jun. 30, 2026 $ 15,430 $ 1 3,871 (432) 17,620 (5,630)
Balance beginning of period (in shares) at Mar. 31, 2026   39.8        
Balance beginning of period at Mar. 31, 2026   $ 1 3,849 (462) 17,139 (5,236)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Treasury shares acquired (in shares)   (1.2)        
Purchase of treasury shares           (395)
Share-based compensation plans     22      
Net increase (decrease) during the period 30     30    
Net income (loss) $ 559       559  
Dividends declared ($2.00 per share in 2Q 2026 and $4.00 per share YTD in 2026; $2.00 per share in 2Q 2025 and $4.00 per share YTD in 2025)         (78)  
Balance ending of period (in shares) at Jun. 30, 2026 74.5 38.7        
Balance ending of period at Jun. 30, 2026 $ 15,430 $ 1 $ 3,871 $ (432) $ 17,620 $ (5,630)