v3.26.1
Consolidated Statement of Changes in Equity - USD ($)
$ in Millions
Total
Par Value
Capital in Excess of Par
Treasury Stock
Retained Earnings
Accum. Other Comprehensive Loss
Noncontrolling Interests
Beginning balance at Dec. 31, 2024 $ 28,463 $ 7 $ 19,788 $ (22,751) $ 30,771 $ (407) $ 1,055
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,434       1,364   70
Other comprehensive income (loss) 289         289  
Dividends paid on common stock (956)       (956)    
Repurchase of common stock (639)     (639)      
Distributions to noncontrolling interests (95)           (95)
Contributions from noncontrolling interests 106           106
Benefit plan activity 25   32   (7)    
Ending balance at Jun. 30, 2025 $ 28,627 7 19,820 (23,390) 31,172 (118) 1,136
Beginning balance, common stock issued (in shares) at Dec. 31, 2024 656,987,861            
Beginning balance, treasury stock (in shares) at Dec. 31, 2024 248,594,923            
Stockholders' Equity, Shares [Roll Forward]              
Repurchase of common stock (in shares) 5,542,005            
Shares issued—share-based compensation (in shares) 1,273,332            
Ending balance, common stock issued (in shares) at Jun. 30, 2025 658,261,193            
Ending balance, treasury stock (in shares) at Jun. 30, 2025 254,136,928            
Beginning balance at Mar. 31, 2025 $ 28,353 7 19,789 (22,995) 30,785 (313) 1,080
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 908       877   31
Other comprehensive income (loss) 195         195  
Dividends paid on common stock (487)       (487)    
Repurchase of common stock (395)     (395)      
Distributions to noncontrolling interests (81)           (81)
Contributions from noncontrolling interests 106           106
Benefit plan activity 28   31   (3)    
Ending balance at Jun. 30, 2025 $ 28,627 7 19,820 (23,390) 31,172 (118) 1,136
Beginning balance, common stock issued (in shares) at Mar. 31, 2025 658,173,402            
Beginning balance, treasury stock (in shares) at Mar. 31, 2025 250,591,516            
Stockholders' Equity, Shares [Roll Forward]              
Repurchase of common stock (in shares) 3,545,412            
Shares issued—share-based compensation (in shares) 87,791            
Ending balance, common stock issued (in shares) at Jun. 30, 2025 658,261,193            
Ending balance, treasury stock (in shares) at Jun. 30, 2025 254,136,928            
Beginning balance at Dec. 31, 2025 $ 30,241 7 19,948 (23,934) 33,239 (167) 1,148
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 4,098       4,054   44
Other comprehensive income (loss) (89)         (89)  
Dividends paid on common stock (1,017)       (1,017)    
Repurchase of common stock (644)     (644)      
Distributions to noncontrolling interests (46)           (46)
Contributions from noncontrolling interests 51           51
Benefit plan activity 109   115   (6)    
Ending balance at Jun. 30, 2026 $ 32,703 7 20,063 (24,578) 36,270 (256) 1,197
Beginning balance, common stock issued (in shares) at Dec. 31, 2025 659,391,484            
Beginning balance, treasury stock (in shares) at Dec. 31, 2025 258,252,603            
Stockholders' Equity, Shares [Roll Forward]              
Repurchase of common stock (in shares) 3,902,253            
Shares issued—share-based compensation (in shares) 1,784,288            
Ending balance, common stock issued (in shares) at Jun. 30, 2026 661,175,772            
Ending balance, treasury stock (in shares) at Jun. 30, 2026 262,154,856            
Beginning balance at Mar. 31, 2026 $ 29,681 7 20,021 (24,203) 32,934 (231) 1,153
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 3,879       3,847   32
Other comprehensive income (loss) (25)         (25)  
Dividends paid on common stock (508)       (508)    
Repurchase of common stock (375)     (375)      
Distributions to noncontrolling interests (24)           (24)
Contributions from noncontrolling interests 36           36
Benefit plan activity 39   42   (3)    
Ending balance at Jun. 30, 2026 $ 32,703 $ 7 $ 20,063 $ (24,578) $ 36,270 $ (256) $ 1,197
Beginning balance, common stock issued (in shares) at Mar. 31, 2026 660,921,696            
Beginning balance, treasury stock (in shares) at Mar. 31, 2026 259,986,676            
Stockholders' Equity, Shares [Roll Forward]              
Repurchase of common stock (in shares) 2,168,180            
Shares issued—share-based compensation (in shares) 254,076            
Ending balance, common stock issued (in shares) at Jun. 30, 2026 661,175,772            
Ending balance, treasury stock (in shares) at Jun. 30, 2026 262,154,856