v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Contributed Capital
Retained Earnings
Accumulated Other Comprehensive Earnings (Losses)
Treasury Stock
Noncontrolling Interest
Beginning balance at Dec. 31, 2024 $ 3,703 $ 55 $ 1,399 $ 13,677 $ (274) $ (11,499) $ 345
Increase (Decrease) in Stockholders' Equity              
Stock-based compensation 11   10     1  
Purchases of treasury stock (288)         (288)  
Net earnings 500     479     21
Other comprehensive earnings (losses) 36       19   17
Cash dividends paid (115)     (99)     (16)
Ending balance at Mar. 31, 2025 3,847 55 1,409 14,057 (255) (11,786) 367
Beginning balance at Dec. 31, 2024 3,703 55 1,399 13,677 (274) (11,499) 345
Increase (Decrease) in Stockholders' Equity              
Net earnings 1,008            
Other comprehensive earnings (losses) 107            
Ending balance at Jun. 30, 2025 4,083 55 1,414 14,429 (199) (12,025) 409
Beginning balance at Mar. 31, 2025 3,847 55 1,409 14,057 (255) (11,786) 367
Increase (Decrease) in Stockholders' Equity              
Stock-based compensation (4)   6     (11) 1
Purchases of treasury stock (228)         (228) 0
Net earnings 508     482     26
Other comprehensive earnings (losses) 71       56   15
Capital contribution (1)   (1)        
Cash dividends paid (110)     (110)      
Ending balance at Jun. 30, 2025 4,083 55 1,414 14,429 (199) (12,025) 409
Beginning balance at Dec. 31, 2025 4,141 55 1,446 14,958 (165) (12,558) 405
Increase (Decrease) in Stockholders' Equity              
Stock-based compensation 15   14     1  
Purchases of treasury stock (240)         (240)  
Transactions with noncontrolling interests, net (25)   (12)       (13)
Net earnings 581     555     26
Other comprehensive earnings (losses) (21)       (16)   (5)
Cash dividends paid (108)     (108)     0
Ending balance at Mar. 31, 2026 4,343 55 1,448 15,405 (181) (12,797) 413
Beginning balance at Dec. 31, 2025 4,141 55 1,446 14,958 (165) (12,558) 405
Increase (Decrease) in Stockholders' Equity              
Net earnings 1,181            
Other comprehensive earnings (losses) (47)            
Ending balance at Jun. 30, 2026 4,513 55 1,448 15,858 (198) (13,032) 382
Beginning balance at Mar. 31, 2026 4,343 55 1,448 15,405 (181) (12,797) 413
Increase (Decrease) in Stockholders' Equity              
Stock-based compensation 2   11     (9) 0
Purchases of treasury stock (226)         (226)  
Transactions with noncontrolling interests, net (35)   (11)       (24)
Net earnings 600     570     30
Other comprehensive earnings (losses) (26)       (17)   (9)
Cash dividends paid (145)     (117)     (28)
Ending balance at Jun. 30, 2026 $ 4,513 $ 55 $ 1,448 $ 15,858 $ (198) $ (13,032) $ 382