v3.26.1
Condensed Consolidated Statement of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common stock issued
Additional paid-in capital
Retained earnings
Pensions
Foreign currency translation
Treasury Stock, Common
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock in treasury, shares             945.4  
Beginning balance (in shares) at Dec. 31, 2024   1,660.6            
Beginning balance at Dec. 31, 2024 $ (3,797.0) $ 17.0 $ 9,281.0 $ 66,834.0 $ (393.0) $ (2,279.0) $ (77,375.0) $ 119.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 4,121.0     4,121.0        
Other comprehensive income (loss), net of tax 123.0       (20.0) 307.0   (164.0)
Comprehensive income 4,244.0              
Common stock cash dividends (2,530.0)     (2,530.0)        
Treasury stock purchases (953.0)           (953.0)  
Share-based compensation 89.0   89.0          
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture 188.0   131.0       57.0  
Ending balance (in shares) at Jun. 30, 2025   1,660.6            
Ending balance at Jun. 30, 2025 (2,760.0) $ 17.0 9,500.0 68,424.0 (413.0) (1,972.0) $ (78,271.0) (45.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Treasury stock purchases (in shares)             (3.2)  
Stock option exercises and other (in shares)             1.6  
Common stock in treasury, shares             945.6  
Beginning balance (in shares) at Mar. 31, 2025   1,660.6            
Beginning balance at Mar. 31, 2025 (3,454.0) $ 17.0 9,423.0 67,436.0 (400.0) (2,209.0) $ (77,773.0) 52.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 2,253.0     2,253.0        
Other comprehensive income (loss), net of tax 127.0       (13.0) 237.0   (97.0)
Comprehensive income 2,380.0              
Common stock cash dividends (1,265.0)     (1,265.0)        
Treasury stock purchases (506.0)           (506.0)  
Share-based compensation 44.0   44.0          
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture 41.0   33.0       8.0  
Ending balance (in shares) at Jun. 30, 2025   1,660.6            
Ending balance at Jun. 30, 2025 $ (2,760.0) $ 17.0 9,500.0 68,424.0 (413.0) (1,972.0) $ (78,271.0) (45.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Treasury stock purchases (in shares)             (1.7)  
Stock option exercises and other (in shares)             0.2  
Common stock in treasury, shares             947.0  
Common stock in treasury, shares 950.0           950.0  
Beginning balance (in shares) at Dec. 31, 2025   1,660.6            
Beginning balance at Dec. 31, 2025 $ (1,791.0) $ 17.0 9,641.0 70,282.0 (432.0) (1,995.0) $ (79,316.0) 13.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 4,345.0     4,345.0        
Other comprehensive income (loss), net of tax 74.0       0.0 21.0   53.0
Comprehensive income 4,419.0              
Common stock cash dividends (2,640.0)     (2,640.0)        
Treasury stock purchases (1,252.0)           (1,252.0)  
Share-based compensation 99.0   99.0          
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture 142.0   101.0       41.0  
Ending balance (in shares) at Jun. 30, 2026   1,660.6            
Ending balance at Jun. 30, 2026 (1,023.0) $ 17.0 9,841.0 71,987.0 (432.0) (1,974.0) $ (80,527.0) 66.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Treasury stock purchases (in shares)             (4.2)  
Stock option exercises and other (in shares)             1.2  
Common stock in treasury, shares             950.2  
Beginning balance (in shares) at Mar. 31, 2026   1,660.6            
Beginning balance at Mar. 31, 2026 (1,286.0) $ 17.0 9,792.0 70,942.0 (428.0) (1,986.0) $ (79,673.0) 50.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 2,362.0     2,362.0        
Other comprehensive income (loss), net of tax 24.0       (4.0) 12.0   16.0
Comprehensive income 2,386.0              
Common stock cash dividends (1,317.0)     (1,317.0)        
Treasury stock purchases (858.0)           (858.0)  
Share-based compensation 39.0   39.0          
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture 14.0   10.0       4.0  
Ending balance (in shares) at Jun. 30, 2026   1,660.6            
Ending balance at Jun. 30, 2026 $ (1,023.0) $ 17.0 $ 9,841.0 $ 71,987.0 $ (432.0) $ (1,974.0) $ (80,527.0) $ 66.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Treasury stock purchases (in shares)             (2.9)  
Stock option exercises and other (in shares)             0.1  
Common stock in treasury, shares 953.0           953.0