v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Total Stockholders’ Equity
$0.01 Par Value Common Stock
Treasury Stock
Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interest
Balance at Dec. 31, 2024 $ 7,592 $ 4,985 $ 2 $ (30) $ 1,284 $ 4,009 $ (280) $ 2,607
Increase (decrease) in equity                
Net earnings 843 698 0 0 0 698 0 145
Less: Net earnings attributable to noncontrolling interests 145              
Net earnings attributable to common stockholders 698              
Other comprehensive income (loss) 78 78 0 0 0 0 78 0
Purchases of treasury stock (642) (642) 0 (642) 0 0 0 0
Retirement of treasury stock 0 0 0 683 66 617 0 0
Acquisition of treasury stock under employee stock plans (13) (13) 0 (13) 0 0 0 0
Issuance of $0.01 par value common stock under employee stock plans 1 1 0 2 (1) 0 0 0
Stock-based compensation expense 22 22 0 0 22 0 0 0
Cash dividends (166) (166) 0 0 0 (166) 0 0
Contributions from noncontrolling interests 235 0 0 0 0 0 0 235
Distribution declared to noncontrolling interests (129) 0 0 0 0 0 0 (129)
Balance at Jun. 30, 2025 7,821 4,963 2 0 1,239 3,924 (202) 2,858
Balance at Mar. 31, 2025 7,297 4,780 2 (451) 1,292 4,208 (271) 2,517
Increase (decrease) in equity                
Net earnings 492 386 0 0 0 386 0 106
Less: Net earnings attributable to noncontrolling interests 106              
Net earnings attributable to common stockholders 386              
Other comprehensive income (loss) 69 69 0 0 0 0 69 0
Purchases of treasury stock (204) (204) 0 (204) 0 0 0 0
Retirement of treasury stock 0 0 0 653 63 590 0 0
Issuance of $0.01 par value common stock under employee stock plans 0 0 0 2 (2) 0 0 0
Stock-based compensation expense 12 12 0 0 12 0 0 0
Cash dividends (80) (80) 0 0 0 (80) 0 0
Contributions from noncontrolling interests 235 0 0 0 0 0 0 235
Balance at Jun. 30, 2025 7,821 4,963 2 0 1,239 3,924 (202) 2,858
Balance at Dec. 31, 2025 7,775 4,838 2 0 1,197 3,874 (235) 2,937
Increase (decrease) in equity                
Net earnings 1,545 1,342 0 0 0 1,342 0 203
Less: Net earnings attributable to noncontrolling interests 203              
Net earnings attributable to common stockholders 1,342              
Other comprehensive income (loss) (42) (42) 0 0 0 0 (42) 0
Purchases of treasury stock (247) (247) 0 (247) 0 0 0 0
Retirement of treasury stock 0 0 0 251 18 233 0 0
Acquisition of treasury stock under employee stock plans (10) (10) 0 (10) 0 0 0 0
Issuance of $0.01 par value common stock under employee stock plans 1 1 0 1 0 0 0 0
Stock-based compensation expense 20 20 0 0 20 0 0 0
Cash dividends (154) (154) 0 0 0 (154) 0 0
Contributions from noncontrolling interests 233 0 0 0 0 0 0 233
Distribution declared to noncontrolling interests (201) 0 0 0 0 0 0 (201)
Balance at Jun. 30, 2026 8,920 5,748 2 (5) 1,199 4,829 (277) 3,172
Balance at Mar. 31, 2026 8,256 5,342 2 (25) 1,209 4,412 (256) 2,914
Increase (decrease) in equity                
Net earnings 869 727 0 0 0 727 0 142
Less: Net earnings attributable to noncontrolling interests 142              
Net earnings attributable to common stockholders 727              
Other comprehensive income (loss) (21) (21) 0 0 0 0 (21) 0
Purchases of treasury stock (232) (232) 0 (232) 0 0 0 0
Retirement of treasury stock 0 0 0 (251) 18 233 0 0
Issuance of $0.01 par value common stock under employee stock plans 0 0 0 1 (1) 0 0 0
Stock-based compensation expense 9 9 0 0 9 0 0 0
Cash dividends (77) (77) 0 0 0 (77) 0 0
Contributions from noncontrolling interests 116             116
Balance at Jun. 30, 2026 $ 8,920 $ 5,748 $ 2 $ (5) $ 1,199 $ 4,829 $ (277) $ 3,172