v3.26.1
CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Treasury Stock
Capital Stock Expense
Accumulated Other Comprehensive Income (Loss)
BALANCE AS OF BEGINNING OF PERIOD (in shares) at Dec. 31, 2024   347          
BALANCE AS OF BEGINNING OF PERIOD at Dec. 31, 2024 $ 21,962 $ 38 $ 9,986 $ 14,048 $ (2,017) $ (122) $ 29
BALANCE AS OF BEGINNING OF PERIOD (in treasury shares) at Dec. 31, 2024         34    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 791     791      
Common stock dividends (295)     (295)      
Issuance of common shares – public offering (in shares)   13          
Issuance of common shares - public offering 1,308   1,326     (18)  
Issuance of common shares for stock plans 29 $ 1 28        
Other comprehensive loss (12)           (12)
BALANCE AS OF END OF PERIOD (in shares) at Mar. 31, 2025   360          
BALANCE AS OF END OF PERIOD at Mar. 31, 2025 23,783 $ 39 11,340 14,544 $ (2,017) (140) 17
BALANCE AS OF END OF PERIOD (in treasury shares) at Mar. 31, 2025         34    
BALANCE AS OF BEGINNING OF PERIOD (in shares) at Dec. 31, 2024   347          
BALANCE AS OF BEGINNING OF PERIOD at Dec. 31, 2024 21,962 $ 38 9,986 14,048 $ (2,017) (122) 29
BALANCE AS OF BEGINNING OF PERIOD (in treasury shares) at Dec. 31, 2024         34    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,038            
BALANCE AS OF END OF PERIOD (in shares) at Jun. 30, 2025   361          
BALANCE AS OF END OF PERIOD at Jun. 30, 2025 23,756 $ 39 11,373 14,484 $ (2,017) (140) 17
BALANCE AS OF END OF PERIOD (in treasury shares) at Jun. 30, 2025         34    
BALANCE AS OF BEGINNING OF PERIOD (in shares) at Mar. 31, 2025   360          
BALANCE AS OF BEGINNING OF PERIOD at Mar. 31, 2025 23,783 $ 39 11,340 14,544 $ (2,017) (140) 17
BALANCE AS OF BEGINNING OF PERIOD (in treasury shares) at Mar. 31, 2025         34    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 246     246      
Common stock dividends (306)     (306)      
Issuance of common shares for stock plans (shares)   1          
Issuance of common shares for stock plans 30   30        
Stock awards 3   3        
BALANCE AS OF END OF PERIOD (in shares) at Jun. 30, 2025   361          
BALANCE AS OF END OF PERIOD at Jun. 30, 2025 $ 23,756 $ 39 11,373 14,484 $ (2,017) (140) 17
BALANCE AS OF END OF PERIOD (in treasury shares) at Jun. 30, 2025         34    
BALANCE AS OF BEGINNING OF PERIOD (in shares) at Dec. 31, 2025 361 361          
BALANCE AS OF BEGINNING OF PERIOD at Dec. 31, 2025 $ 24,190 $ 39 11,436 14,857 $ (2,017) (140) 15
BALANCE AS OF BEGINNING OF PERIOD (in treasury shares) at Dec. 31, 2025 34       34    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 924     924      
Common stock dividends (320)     (320)      
Issuance of common shares – public offering (in shares)   7          
Issuance of common shares - public offering 776   776        
Issuance of common shares for stock plans 27 $ 1 35     (9)  
Stock awards 2   2        
Other comprehensive loss (3)           (3)
BALANCE AS OF END OF PERIOD (in shares) at Mar. 31, 2026   368          
BALANCE AS OF END OF PERIOD at Mar. 31, 2026 $ 25,596 $ 40 12,249 15,461 $ (2,017) (149) 12
BALANCE AS OF END OF PERIOD (in treasury shares) at Mar. 31, 2026         34    
BALANCE AS OF BEGINNING OF PERIOD (in shares) at Dec. 31, 2025 361 361          
BALANCE AS OF BEGINNING OF PERIOD at Dec. 31, 2025 $ 24,190 $ 39 11,436 14,857 $ (2,017) (140) 15
BALANCE AS OF BEGINNING OF PERIOD (in treasury shares) at Dec. 31, 2025 34       34    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 1,232            
BALANCE AS OF END OF PERIOD (in shares) at Jun. 30, 2026   370          
BALANCE AS OF END OF PERIOD at Jun. 30, 2026 $ 25,719 $ 40 12,394 15,441 $ (2,017) (151) 12
BALANCE AS OF END OF PERIOD (in treasury shares) at Jun. 30, 2026 34       34    
BALANCE AS OF BEGINNING OF PERIOD (in shares) at Mar. 31, 2026   368          
BALANCE AS OF BEGINNING OF PERIOD at Mar. 31, 2026 $ 25,596 $ 40 12,249 15,461 $ (2,017) (149) 12
BALANCE AS OF BEGINNING OF PERIOD (in treasury shares) at Mar. 31, 2026         34    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 308     308      
Common stock dividends (328)     (328)      
Issuance of common shares – public offering (in shares)   1          
Issuance of common shares - public offering 107   108     (1)  
Issuance of common shares for stock plans (shares)   1          
Issuance of common shares for stock plans 33   34     (1)  
Stock awards 3   3        
BALANCE AS OF END OF PERIOD (in shares) at Jun. 30, 2026   370          
BALANCE AS OF END OF PERIOD at Jun. 30, 2026 $ 25,719 $ 40 $ 12,394 $ 15,441 $ (2,017) $ (151) $ 12
BALANCE AS OF END OF PERIOD (in treasury shares) at Jun. 30, 2026 34       34