v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common stock
Treasury stock
APIC
Accumulated earnings
AOCI
NCI
Beginning balance at Dec. 31, 2024 $ 5,120 $ 1 $ (3,685) $ 4,228 $ 5,224 $ (691) $ 43
Common stock, beginning balance (in shares) at Dec. 31, 2024   85.4          
Treasury stock, beginning balance (in shares) at Dec. 31, 2024     50.1        
Increase Decrease In Stockholders Equity [Roll Forward]              
Issuance of common stock under share-based payment plans     $ 58 (42)      
Purchase of treasury stock     $ (362)        
Stock-based compensation expense       39      
Net Income (Loss) Attributable to Parent $ 270       270    
Dividends [1]         (118)    
Currency translation adjustment           254 3
Pension and other postretirement adjustment (net of tax)           (8)  
Deferred gain (loss) on hedging transactions (net of tax)           (5)  
Net earnings (loss) attributable to noncontrolling interests             (1)
Dividends distributed to noncontrolling interests             (1)
Issuance of common stock under share-based payment plans (in shares)   0.7 (0.7)        
Purchase of treasury stock (in shares) 2.3 (2.5) 2.5        
Ending balance at Jun. 30, 2025 $ 5,204 $ 1 $ (3,989) 4,225 5,376 (450) 41
Common stock, ending balance (in shares) at Jun. 30, 2025 83.6            
Treasury stock, ending balance (in shares) at Jun. 30, 2025 51.9            
Increase Decrease In Stockholders Equity [Roll Forward]              
Purchases (reductions) of noncontrolling interest             (3)
Other Comprehensive Income (Loss), Currency Translation Gain (Loss) Arising During Period, Dispositions, Net of Tax           0  
Beginning balance at Mar. 31, 2025 $ 4,924 $ 1 $ (3,782) 4,209 5,072 (618) 42
Common stock, beginning balance (in shares) at Mar. 31, 2025   85.0          
Treasury stock, beginning balance (in shares) at Mar. 31, 2025     50.5        
Increase Decrease In Stockholders Equity [Roll Forward]              
Issuance of common stock under share-based payment plans     $ 18 (2)      
Purchase of treasury stock     $ (225)        
Stock-based compensation expense       18      
Net Income (Loss) Attributable to Parent 363       363    
Dividends [1]         (59)    
Currency translation adjustment           179 3
Pension and other postretirement adjustment (net of tax)           (5)  
Deferred gain (loss) on hedging transactions (net of tax)           (6)  
Net earnings (loss) attributable to noncontrolling interests             (1)
Dividends distributed to noncontrolling interests             0
Issuance of common stock under share-based payment plans (in shares)   0.2 (0.2)        
Purchase of treasury stock (in shares)   (1.6) 1.6        
Ending balance at Jun. 30, 2025 $ 5,204 $ 1 $ (3,989) 4,225 5,376 (450) 41
Common stock, ending balance (in shares) at Jun. 30, 2025 83.6            
Treasury stock, ending balance (in shares) at Jun. 30, 2025 51.9            
Increase Decrease In Stockholders Equity [Roll Forward]              
Purchases (reductions) of noncontrolling interest             (3)
Other Comprehensive Income (Loss), Currency Translation Gain (Loss) Arising During Period, Dispositions, Net of Tax           0  
Beginning balance at Dec. 31, 2025 $ 3,893 $ 1 $ (4,430) 4,256 4,463 (437) 40
Common stock, beginning balance (in shares) at Dec. 31, 2025   80.2          
Treasury stock, beginning balance (in shares) at Dec. 31, 2025     55.3        
Increase Decrease In Stockholders Equity [Roll Forward]              
Issuance of common stock under share-based payment plans     $ 56 (38)      
Purchase of treasury stock     $ (224)        
Stock-based compensation expense       35      
Net Income (Loss) Attributable to Parent 121       121    
Dividends [1]         (128)    
Currency translation adjustment           (50) (2)
Pension and other postretirement adjustment (net of tax)           1  
Deferred gain (loss) on hedging transactions (net of tax)           (1)  
Net earnings (loss) attributable to noncontrolling interests             2
Dividends distributed to noncontrolling interests             (1)
Issuance of common stock under share-based payment plans (in shares)   0.7 (0.7)        
Purchase of treasury stock (in shares)   (1.9) 1.9        
Ending balance at Jun. 30, 2026 $ 3,811 $ 1 $ (4,598) 4,253 4,456 (340) 39
Common stock, ending balance (in shares) at Jun. 30, 2026 79.0            
Treasury stock, ending balance (in shares) at Jun. 30, 2026 56.5            
Increase Decrease In Stockholders Equity [Roll Forward]              
Purchases (reductions) of noncontrolling interest             0
Other Comprehensive Income (Loss), Currency Translation Gain (Loss) Arising During Period, Dispositions, Net of Tax           147  
Beginning balance at Mar. 31, 2026 $ 3,683 $ 1 $ (4,415) 4,237 4,293 (472) 39
Common stock, beginning balance (in shares) at Mar. 31, 2026   80.5          
Treasury stock, beginning balance (in shares) at Mar. 31, 2026     55.0        
Increase Decrease In Stockholders Equity [Roll Forward]              
Issuance of common stock under share-based payment plans     $ 19 (1)      
Purchase of treasury stock     $ (202)        
Stock-based compensation expense       17      
Net Income (Loss) Attributable to Parent 226       226    
Dividends [1]         (63)    
Currency translation adjustment           (12) (1)
Pension and other postretirement adjustment (net of tax)           (1)  
Deferred gain (loss) on hedging transactions (net of tax)           (2)  
Net earnings (loss) attributable to noncontrolling interests             1
Dividends distributed to noncontrolling interests             0
Issuance of common stock under share-based payment plans (in shares)   0.2 (0.2)        
Purchase of treasury stock (in shares)   (1.7) 1.7        
Ending balance at Jun. 30, 2026 $ 3,811 $ 1 $ (4,598) $ 4,253 $ 4,456 (340) 39
Common stock, ending balance (in shares) at Jun. 30, 2026 79.0            
Treasury stock, ending balance (in shares) at Jun. 30, 2026 56.5            
Increase Decrease In Stockholders Equity [Roll Forward]              
Purchases (reductions) of noncontrolling interest             $ 0
Other Comprehensive Income (Loss), Currency Translation Gain (Loss) Arising During Period, Dispositions, Net of Tax           $ 147  
[1] Dividend declarations of $0.79 and $0.69 per share as of the three months ended June 30, 2026 and 2025, respectively. Dividend declarations of $1.58 and $1.38 per share as of the six months ended June 30, 2026 and 2025, respectively.