v3.26.1
CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY - USD ($)
$ in Millions
Total
Common stock
Capital in excess of par value
Retained earnings
Accumulated  other comprehensive (loss) income
Treasury stock
Non-controlling interest
Shareholders' equity, beginning balance, shares at Dec. 31, 2024   275,700,000          
Shareholders' equity, beginning balance at Dec. 31, 2024 $ 13,869 $ 35 $ 19,917 $ (2,647) $ (2,527) $ (944) $ 35
Treasury stock, beginning balance (in shares) at Dec. 31, 2024           20,000,000.0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (418)     (419)     1
Other comprehensive income (loss) 1,112       1,112    
Cash dividends declared (204)     (204)      
Stock options/SSARs 0   (1)     $ 1  
Vested restricted stock units and awards (25)   (51)     $ 26  
Vested restricted stock units and awards, shares           600,000  
Stock-based compensation 51   51        
Other (4)           (4)
Shareholders' equity, ending balance, shares at Jun. 30, 2025   275,700,000          
Shareholders' equity, ending balance at Jun. 30, 2025 $ 14,381 $ 35 19,916 (3,270) (1,415) $ (917) 32
Treasury stock, ending balance (in shares) at Jun. 30, 2025           19,400,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared per share, in dollars per share $ 0.80            
Shareholders' equity, beginning balance, shares at Mar. 31, 2025   275,700,000          
Shareholders' equity, beginning balance at Mar. 31, 2025 $ 13,171 $ 35 19,932 (3,767) (2,123) $ (942) 36
Treasury stock, beginning balance (in shares) at Mar. 31, 2025           20,000,000.0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 599     599      
Other comprehensive income (loss) 708       708    
Cash dividends declared (102)     (102)      
Stock options/SSARs (1)   (1)        
Vested restricted stock units and awards (22)   (47)     $ 25  
Vested restricted stock units and awards, shares           600,000  
Stock-based compensation 32   32        
Other (4)           (4)
Shareholders' equity, ending balance, shares at Jun. 30, 2025   275,700,000          
Shareholders' equity, ending balance at Jun. 30, 2025 $ 14,381 $ 35 19,916 (3,270) (1,415) $ (917) 32
Treasury stock, ending balance (in shares) at Jun. 30, 2025           19,400,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Maximum dividend threshold per quarter (in dollars per share) $ 0.40            
Dividends declared per share, in dollars per share $ 0.40            
Shareholders' equity, beginning balance, shares at Dec. 31, 2025   275,700,000          
Shareholders' equity, beginning balance at Dec. 31, 2025 $ 14,186 $ 35 19,918 (3,417) (1,430) $ (952) 32
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 20,000,000.0         20,000,000.0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) $ 221     219     2
Other comprehensive income (loss) (158)       (158)    
Cash dividends declared (204)     (204)      
Stock options/SSARs 2   1     $ 1  
Treasury share repurchases (in shares)           (1,000,000.0)  
Treasury share repurchases (71)         $ (71)  
Vested restricted stock units and awards (17)   (41)     $ 24  
Vested restricted stock units and awards, shares           600,000  
Stock-based compensation 51   51        
Other (1)           (1)
Shareholders' equity, ending balance, shares at Jun. 30, 2026   275,700,000          
Shareholders' equity, ending balance at Jun. 30, 2026 $ 14,009 $ 35 19,929 (3,402) (1,588) $ (998) 33
Treasury stock, ending balance (in shares) at Jun. 30, 2026 20,400,000         20,400,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared per share, in dollars per share $ 0.80            
Shareholders' equity, beginning balance, shares at Mar. 31, 2026   275,700,000          
Shareholders' equity, beginning balance at Mar. 31, 2026 $ 14,153 $ 35 19,932 (3,350) (1,511) $ (986) 33
Treasury stock, beginning balance (in shares) at Mar. 31, 2026           20,500,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 51     50     1
Other comprehensive income (loss) (77)       (77)    
Cash dividends declared (102)     (102)      
Stock options/SSARs 2   2        
Treasury share repurchases (in shares)           (500,000)  
Treasury share repurchases (36)         $ (36)  
Vested restricted stock units and awards (16)   (40)     $ 24  
Vested restricted stock units and awards, shares           600,000  
Stock-based compensation 35   35        
Other (1)           (1)
Shareholders' equity, ending balance, shares at Jun. 30, 2026   275,700,000          
Shareholders' equity, ending balance at Jun. 30, 2026 $ 14,009 $ 35 $ 19,929 $ (3,402) $ (1,588) $ (998) $ 33
Treasury stock, ending balance (in shares) at Jun. 30, 2026 20,400,000         20,400,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Maximum dividend threshold per quarter (in dollars per share) $ 0.40            
Dividends declared per share, in dollars per share $ 0.40