v3.26.3
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained earnings
Accumulated Other Comprehensive Loss
Treasury Stock
Beginning balance (shares) at Dec. 31, 2024   655,000,000        
Beginning balance at Dec. 31, 2024 $ 15,293 $ 0 $ 11,740 $ 8,783 $ (4,979) $ (251)
Beginning balance, treasury (shares) at Dec. 31, 2024           8,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 240     240    
Dividends declared (98)     (98)    
Other comprehensive income 41       41  
Common stock issued for employee equity awards (shares) [1]           (1,000,000)
Common stock issued for employee equity awards [1] (38)   (51)     $ 13
Stock options exercised 9   9      
Warrants exercised (in shares)   5,000,000        
Ending balance (shares) at Mar. 31, 2025   660,000,000        
Ending balance at Mar. 31, 2025 15,447 $ 0 11,698 8,925 (4,938) $ (238)
Ending balance, treasury (shares) at Mar. 31, 2025           7,000,000
Beginning balance (shares) at Dec. 31, 2024   655,000,000        
Beginning balance at Dec. 31, 2024 15,293 $ 0 11,740 8,783 (4,979) $ (251)
Beginning balance, treasury (shares) at Dec. 31, 2024           8,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 3,786          
Ending balance (shares) at Sep. 30, 2025   659,000,000        
Ending balance at Sep. 30, 2025 18,822 $ 0 11,791 12,126 (4,858) $ (237)
Ending balance, treasury (shares) at Sep. 30, 2025           6,000,000
Beginning balance (shares) at Mar. 31, 2025   660,000,000        
Beginning balance at Mar. 31, 2025 15,447 $ 0 11,698 8,925 (4,938) $ (238)
Beginning balance, treasury (shares) at Mar. 31, 2025           7,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 2,130     2,130    
Dividends declared (222)     (222)    
Other comprehensive income 39       39  
Common stock issued for employee equity awards [1] 46   46      
Ending balance (shares) at Jun. 30, 2025   660,000,000        
Ending balance at Jun. 30, 2025 17,440 $ 0 11,744 10,833 (4,899) $ (238)
Ending balance, treasury (shares) at Jun. 30, 2025           7,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 1,417     1,417    
Dividends declared (124)     (124)    
Other comprehensive income 41       41  
Common stock issued for employee equity awards [1] 46   45     $ 1
Stock options exercised 2   2      
Ending balance (shares) at Sep. 30, 2025   659,000,000        
Ending balance at Sep. 30, 2025 18,822 $ 0 11,791 12,126 (4,858) $ (237)
Ending balance, treasury (shares) at Sep. 30, 2025           6,000,000
Beginning balance (shares) at Dec. 31, 2025   660,000,000        
Beginning balance at Dec. 31, 2025 $ 20,853 $ 0 11,883 13,343 (4,135) $ (238)
Beginning balance, treasury (shares) at Dec. 31, 2025 6,498,109         6,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income $ (289)     (289)    
Dividends declared (123)     (123)    
Other comprehensive income 29       29  
Common stock issued for employee equity awards (shares) [2]   5,000,000       2,000,000
Common stock issued for employee equity awards [2] (118)   37     $ (155)
Stock options exercised (in shares)   1,000,000        
Stock options exercised 24   24      
Warrants exercised (in shares)   1,000,000        
Ending balance (shares) at Mar. 31, 2026   666,000,000        
Ending balance at Mar. 31, 2026 20,376 $ 0 11,944 12,931 (4,106) $ (393)
Ending balance, treasury (shares) at Mar. 31, 2026           9,000,000
Beginning balance (shares) at Dec. 31, 2025   660,000,000        
Beginning balance at Dec. 31, 2025 $ 20,853 $ 0 11,883 13,343 (4,135) $ (238)
Beginning balance, treasury (shares) at Dec. 31, 2025 6,498,109         6,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income $ 2,070          
Ending balance (shares) at Sep. 30, 2026   667,000,000        
Ending balance at Sep. 30, 2026 $ 22,513 $ 0 12,071 14,883 (4,043) $ (398)
Ending balance, treasury (shares) at Sep. 30, 2026 8,786,945         9,000,000
Beginning balance (shares) at Mar. 31, 2026   666,000,000        
Beginning balance at Mar. 31, 2026 $ 20,376 $ 0 11,944 12,931 (4,106) $ (393)
Beginning balance, treasury (shares) at Mar. 31, 2026           9,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 1,604     1,604    
Dividends declared (266)     (266)    
Other comprehensive income 32       32  
Common stock issued for employee equity awards [2] 38   41     $ (3)
Stock options exercised (in shares)   1,000,000        
Stock options exercised 31   31      
Ending balance (shares) at Jun. 30, 2026   666,000,000        
Ending balance at Jun. 30, 2026 21,815 $ 0 12,016 14,269 (4,074) $ (396)
Ending balance, treasury (shares) at Jun. 30, 2026           9,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 756     756    
Dividends declared (142)     (142)    
Other comprehensive income 31       31  
Common stock issued for employee equity awards [2] 38   40     $ (2)
Stock options exercised 15   15      
Ending balance (shares) at Sep. 30, 2026   667,000,000        
Ending balance at Sep. 30, 2026 $ 22,513 $ 0 $ 12,071 $ 14,883 $ (4,043) $ (398)
Ending balance, treasury (shares) at Sep. 30, 2026 8,786,945         9,000,000
[1] Treasury shares were withheld for payment of taxes, at a weighted average price per share of $67.95, $47.23, and $58.61 in the March 2025 quarter, June 2025 quarter, and September 2025 quarter respectively. Share counts in the table above may not calculate exactly due to rounding.
[2]
(1)Treasury shares were withheld for payment of taxes, at a weighted average price per share of $69.41, $74.88, and $89.79 in the March 2026 quarter, June 2026 quarter, and September 2026 quarter, respectively. Share counts in the table above may not calculate exactly due to rounding.