v3.26.1
Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Loss [Member]
Treasury Stock [Member]
Noncontrolling Interests [Member]
Total equity Including Noncontrolling Interest [Member]
Redeemable Noncontrolling Interest [Member]
Balance at Dec. 31, 2024   $ 4 $ 4,028 $ 2,089 $ (341) $ (52) $ 686 $ 6,414 $ 13
Balance (in shares) at Dec. 31, 2024   379              
Balance (in shares) at Dec. 31, 2024           (1)      
Net Income $ 546     507     39 546  
Foreign currency translation adjustments 87       76   11 87  
Comprehensive income - including noncontrolling interests 633             633  
Cash dividends declared       (180)       (180)  
Distributions to noncontrolling interests             (69) (69)  
Repurchase and retirement of shares     (93) (306)   $ 40   (359)  
Repurchase and retirement of shares (shares)   (9)       1      
Exercise and vesting of share-based awards     (5)         (5)  
Exercise and vesting of share-based awards (in shares)   1              
Share-based compensation     22         22  
Balance at Jun. 30, 2025   $ 4 3,952 2,110 (265) $ (12) 667 6,456 13
Balance (in shares) at Jun. 30, 2025   371              
Balance at Mar. 31, 2025   $ 4 3,982 2,124 (318) (8) 642 6,426 13
Balance (in shares) at Mar. 31, 2025   375              
Net Income 233     215     18 233  
Foreign currency translation adjustments 60       53   7 60  
Comprehensive income - including noncontrolling interests 293             293  
Cash dividends declared       (90)       (90)  
Repurchase and retirement of shares     (43) (139)   (4)   (186)  
Repurchase and retirement of shares (shares)   (4)              
Share-based compensation     13         13  
Balance at Jun. 30, 2025   $ 4 3,952 2,110 (265) (12) 667 6,456 $ 13
Balance (in shares) at Jun. 30, 2025   371              
Balance at Dec. 31, 2025 6,099 $ 4 3,796 1,764 (157) $ (28) 720 6,099  
Balance (in shares) at Dec. 31, 2025   355              
Balance (in shares) at Dec. 31, 2025           (1)      
Net Income 595     553     42 595  
Foreign currency translation adjustments 150       132   18 150  
Comprehensive income - including noncontrolling interests 745             745  
Cash dividends declared       (203)       (203)  
Distributions to noncontrolling interests             (76) (76)  
Repurchase and retirement of shares     (117) (418)   $ 15   (520)  
Repurchase and retirement of shares (shares)   (11)              
Exercise and vesting of share-based awards     (6)         (6)  
Exercise and vesting of share-based awards (in shares)   1              
Share-based compensation     23         23  
Balance at Jun. 30, 2026 6,061 $ 3 3,696 1,696 (25) (13) 704 6,061  
Balance (in shares) at Jun. 30, 2026   345              
Balance at Mar. 31, 2026   $ 4 3,752 1,788 (98) (13) 674 6,107  
Balance (in shares) at Mar. 31, 2026   351              
Net Income 264     244     20 264  
Foreign currency translation adjustments 83       73   10 83  
Comprehensive income - including noncontrolling interests 347             347  
Cash dividends declared       (101)       (101)  
Repurchase and retirement of shares     (69) (235)       (304)  
Repurchase and retirement of shares (shares)   (6)              
Share-based compensation     13         13  
Balance at Jun. 30, 2026 $ 6,061 $ 3 $ 3,696 $ 1,696 $ (25) $ (13) $ 704 $ 6,061  
Balance (in shares) at Jun. 30, 2026   345