| Equity |
Equity The following table summarizes components of equity with significant changes during the three months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | | Additional
Paid-in
Capital | | Retained
Earnings | | Accumulated Other Comprehensive Loss | | Shares | | Amount | Balance at March 31, 2026 | 943.5 | | | $ | 590 | | | $ | 6,921 | | | $ | 29,514 | | | $ | (2,833) | | | Net income | | | | | | | 7,095 | | | | | Other comprehensive income, net of tax | | | | | | | | | 72 | | Cash dividends declared per share: $3.46 | | | | | | | (3,088) | | | | | Purchases of common stock | (2.0) | | | (2) | | | | | (1,628) | | | | | | | | | | | | | | | Issuance of stock under employee stock plans, net | — | | | — | | | (5) | | | | | | | Stock-based compensation | | | | | 201 | | | | | | | | | | | | | | | | Balance at June 30, 2026 | 941.5 | | | $ | 588 | | | $ | 7,117 | | | $ | 31,893 | | | $ | (2,761) | | | | | | | | | | | | Balance at March 31, 2025 | 948.1 | | | $ | 593 | | | $ | 6,910 | | | $ | 15,100 | | | $ | (3,775) | | | Net income | | | | | | | 5,661 | | | | | Other comprehensive income, net of tax | | | | | | | | | 59 | | Cash dividends declared per share: $3.00 | | | | | | | (2,692) | | | | | Purchases of common stock | (0.9) | | | (1) | | | | | (692) | | | | | | | | | | | | | | | Issuance of stock under employee stock plans, net | — | | | — | | | (6) | | | | | | | Stock-based compensation | | | | | 185 | | | | | | | | | | | | | | | | Balance at June 30, 2025 | 947.2 | | | $ | 592 | | | $ | 7,089 | | | $ | 17,376 | | | $ | (3,716) | |
The following table summarizes components of equity with significant changes during the six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | | Additional
Paid-in
Capital | | Retained
Earnings | | Accumulated Other Comprehensive Loss | | Shares | | Amount | Balance at December 31, 2025 | 944.8 | | | $ | 590 | | | $ | 7,346 | | | $ | 24,470 | | | $ | (2,880) | | | Net income | | | | | | | 14,491 | | | | | Other comprehensive income, net of tax | | | | | | | | | 119 | | Cash dividends declared per share: $3.46 | | | | | | | (3,088) | | | | | Purchases of common stock | (4.4) | | | (3) | | | | | (3,984) | | | | | | | | | | | | | | | Issuance of stock under employee stock plans, net | 1.1 | | | 1 | | | (591) | | | | | | | Stock-based compensation | | | | | 362 | | | | | | | Other | | | | | | | 4 | | | | Balance at June 30, 2026 | 941.5 | | | $ | 588 | | | $ | 7,117 | | | $ | 31,893 | | | $ | (2,761) | | | | | | | | | | | | Balance at December 31, 2024 | 947.9 | | | $ | 592 | | | $ | 7,439 | | | $ | 13,545 | | | $ | (4,322) | | | Net income | | | | | | | 8,420 | | | | | Other comprehensive income, net of tax | | | | | | | | | 606 | | Cash dividends declared per share: $3.00 | | | | | | | (2,692) | | | | | Purchases of common stock | (2.3) | | | (1) | | | | | (1,891) | | | | | | | | | | | | | | | Issuance of stock under employee stock plans, net | 1.6 | | | 1 | | | (689) | | | | | | | Stock-based compensation | | | | | 339 | | | | | | | Other | | | | | | | (6) | | | | Balance at June 30, 2025 | 947.2 | | | $ | 592 | | | $ | 7,089 | | | $ | 17,376 | | | $ | (3,716) | |
As of June 30, 2026, we had $7.0 billion remaining under our $15.0 billion share repurchase program authorized in December 2024. We retire shares once we repurchase them. The following table summarizes the activity related to each component of accumulated other comprehensive income (loss) during the three months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation(1) | | Retirement
Benefit Plans | | Other | | Accumulated Other Comprehensive Loss | Balance at March 31, 2026 | $ | (1,099) | | | $ | (1,989) | | | $ | 254 | | | $ | (2,833) | | | Other comprehensive income (loss) | 44 | | | 32 | | | (4) | | | 72 | | Balance at June 30, 2026 | $ | (1,055) | | | $ | (1,957) | | | $ | 250 | | | $ | (2,761) | | | | | | | | | | Balance at March 31, 2025 | $ | (1,824) | | | $ | (2,182) | | | $ | 230 | | | $ | (3,775) | | | Other comprehensive income (loss) | 66 | | | (12) | | | 5 | | | 59 | | Balance at June 30, 2025 | $ | (1,758) | | | $ | (2,193) | | | $ | 235 | | | $ | (3,716) | |
(1) Includes the impact of foreign currency transactions designated as net investment hedges. See Note 8 for additional information. The following table summarizes the activity related to each component of accumulated other comprehensive income (loss) during the six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation(1) | | Retirement
Benefit Plans | | Other | | Accumulated Other Comprehensive Loss | Balance at December 31, 2025 | $ | (1,149) | | | $ | (1,987) | | | $ | 255 | | | $ | (2,880) | | | Other comprehensive income (loss) | 94 | | | 30 | | | (5) | | | 119 | | Balance at June 30, 2026 | $ | (1,055) | | | $ | (1,957) | | | $ | 250 | | | $ | (2,761) | | | | | | | | | | Balance at December 31, 2024 | $ | (2,390) | | | $ | (2,179) | | | $ | 246 | | | $ | (4,322) | | | Other comprehensive income (loss) | 632 | | | (15) | | | (12) | | | 606 | | Balance at June 30, 2025 | $ | (1,758) | | | $ | (2,193) | | | $ | 235 | | | $ | (3,716) | |
(1) Includes the impact of foreign currency transactions designated as net investment hedges. See Note 8 for additional information.
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