Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Schedule of Changes in AOCI

The following tables set forth the changes in AOCI by component for the three and six months ended June 30, 2026 and 2025 (in millions).


			Three Months Ended June 30, 2026
			Foreign Currency Translation Adjustment						Deferred Gain (Loss) on Cash Flow Hedging Activities						Pension and Other Postretirement Benefit Liabilities						Unrealized (Loss) on Investments						Accumulated Other Comprehensive Income (Loss)
Balance at April 1, 2026			$	(2,489)					$	84					$	(83)					$	(23)					$	(2,511)
Other comprehensive income (loss) before reclassifications			56						(136)						—						3						(77)
Gain on net investment hedges			22						—						—						—						22
Amounts reclassified from AOCI			—						111						(2)						—						109
Tax effect			(6)						(5)						—						1						(10)
Net of tax amount			72						(30)						(2)						4						44
Balance at June 30, 2026			$	(2,417)					$	54					$	(85)					$	(19)					$	(2,467)

			Six Months Ended June 30, 2026
			Foreign Currency Translation Adjustment						Deferred Gain (Loss) on Cash Flow Hedging Activities						Pension and Other Postretirement Benefit Liabilities						Unrealized Gain (Loss) on Investments						Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2026			$	(2,549)					$	119					$	(82)					$	(19)					$	(2,531)
Other comprehensive income (loss) before reclassifications			69						(184)						—						(1)						(116)
Gain on net investment hedges			83						—						—						—						83
Amounts reclassified from AOCI			—						107						(4)						—						103
Tax effect			(20)						12						1						1						(6)
Net of tax amount			132						(65)						(3)						—						64
Balance at June 30, 2026			$	(2,417)					$	54					$	(85)					$	(19)					$	(2,467)


			Three Months Ended June 30, 2025
			Foreign Currency Translation Adjustment						Deferred Gain (Loss) on Cash Flow Hedging Activities						Pension and Other Postretirement Benefit Liabilities						Unrealized (Loss) on Investments						Accumulated Other Comprehensive Income (Loss)
Balance at April 1, 2025			$	(3,094)					$	120					$	(116)					$	(18)					$	(3,108)
Other comprehensive income (loss) before reclassifications			599						(70)						12						(1)						540
(Loss) on net investment hedges			(317)						—						—						—						(317)
Amounts reclassified from AOCI			—						11						(4)						—						7
Tax effect			75						13						(2)						—						86
Net of tax amount			357						(46)						6						(1)						316
Balance at June 30, 2025			$	(2,737)					$	74					$	(110)					$	(19)					$	(2,792)

			Six Months Ended June 30, 2025
			Foreign Currency Translation Adjustment						Deferred Gain (Loss) on Cash Flow Hedging Activities						Pension and Other Postretirement Benefit Liabilities						Unrealized Gain (Loss) on Investments						Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2025			$	(2,999)					$	126					$	(100)					$	(15)					$	(2,988)
Other comprehensive income (loss) before reclassifications			624						(58)						(8)						(4)						554
Gain (loss) on net investment hedges			(475)						—						—						—						(475)
Amounts reclassified from AOCI			—						(6)						(6)						—						(12)
Tax effect			113						12						4						—						129
Net of tax amount			262						(52)						(10)						(4)						196
Balance at June 30, 2025			$	(2,737)					$	74					$	(110)					$	(19)					$	(2,792)

Schedule of Reclassifications out of AOCI

The following table sets forth the reclassifications out of AOCI related to deferred (gains) losses on cash flow hedging activities for the three and six months ended June 30, 2026 and 2025 (in millions).


Affected line item in the Consolidated Statements of Earnings			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2026						2025						2026						2025







Cost of products sold			$	111					$	11					$	107					$	(6)


Earnings before income tax			111						11						107						(6)
Income tax expense			(27)						(3)						(26)						1
Net earnings			$	84					$	8					$	81					$	(5)