v3.26.3
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Common Shares Outstanding (Thousands)
Common Stock and Other Capital
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Non-controlling Minority Interest
Beginning Balance (in shares) at Dec. 31, 2024   1,900,190        
Beginning Balance at Dec. 31, 2024 $ 12,507   $ 2,746 $ 9,988 $ (232) [1] $ 5
Comprehensive Earnings:            
Net Earnings 646     646    
Other Comprehensive Income 5       5 [1]  
Total Comprehensive Earnings (Note 10) 651          
Common stock dividends (245)     (245)    
Share Repurchases (in shares)   (23,707)        
Share Repurchases (751)   (24) (727)    
Excise Tax on Net Share Repurchases (7)     (7)    
Stock Option Exercises and Other (in shares)   1,894        
Stock Option Exercises and Other 20   20      
Ending Balance (in shares) at Mar. 31, 2025   1,878,377        
Ending Balance at Mar. 31, 2025 12,175   2,742 9,655 (227) [1] 5
Beginning Balance (in shares) at Dec. 31, 2024   1,900,190        
Beginning Balance at Dec. 31, 2024 12,507   2,746 9,988 (232) [1] 5
Comprehensive Earnings:            
Net Earnings 2,169          
Total Comprehensive Earnings (Note 10) $ 2,181          
Share Repurchases (in shares) (41,000)          
Ending Balance (in shares) at Sep. 30, 2025   1,862,018        
Ending Balance at Sep. 30, 2025 $ 12,758   2,782 10,191 (220) [1] 5
Beginning Balance (in shares) at Mar. 31, 2025   1,878,377        
Beginning Balance at Mar. 31, 2025 12,175   2,742 9,655 (227) [1] 5
Comprehensive Earnings:            
Net Earnings 829     829    
Other Comprehensive Income 3       3 [1]  
Total Comprehensive Earnings (Note 10) 832          
Common stock dividends (243)     (243)    
Share Repurchases (in shares)   (14,209)        
Share Repurchases (401)   (14) (387)    
Excise Tax on Net Share Repurchases (4)     (4)    
Stock Option Exercises and Other (in shares)   112        
Stock Option Exercises and Other 18   18      
Ending Balance (in shares) at Jun. 30, 2025   1,864,280        
Ending Balance at Jun. 30, 2025 12,377   2,746 9,850 (224) [1] 5
Comprehensive Earnings:            
Net Earnings 694     694    
Other Comprehensive Income 4       4 [1]  
Total Comprehensive Earnings (Note 10) 698          
Common stock dividends $ (242)     (242)    
Share Repurchases (in shares) (3,000) (3,387)        
Share Repurchases $ (112)   (3) (109)    
Excise Tax on Net Share Repurchases (1)     (1)    
Stock Option Exercises and Other (in shares)   1,125        
Stock Option Exercises and Other 38   39 (1)    
Ending Balance (in shares) at Sep. 30, 2025   1,862,018        
Ending Balance at Sep. 30, 2025 12,758   2,782 10,191 (220) [1] 5
Beginning Balance (in shares) at Dec. 31, 2025   1,859,659        
Beginning Balance at Dec. 31, 2025 13,160   2,808 10,560 (213) [2] 5
Comprehensive Earnings:            
Net Earnings 807     807    
Other Comprehensive Income 1       1 [2]  
Total Comprehensive Earnings (Note 10) 808          
Common stock dividends (260)     (260)    
Share Repurchases (in shares)   (5,686)        
Share Repurchases (222)   (6) (216)    
Excise Tax on Net Share Repurchases (1)     (1)    
Stock Option Exercises and Other (in shares)   3,858        
Stock Option Exercises and Other 96   94 1   1
Ending Balance (in shares) at Mar. 31, 2026   1,857,831        
Ending Balance at Mar. 31, 2026 13,581   2,896 10,891 (212) [2] 6
Beginning Balance (in shares) at Dec. 31, 2025   1,859,659        
Beginning Balance at Dec. 31, 2025 13,160   2,808 10,560 (213) [2] 5
Comprehensive Earnings:            
Net Earnings 2,861          
Total Comprehensive Earnings (Note 10) $ 2,866          
Share Repurchases (in shares) (23,000)          
Ending Balance (in shares) at Sep. 30, 2026   1,842,084        
Ending Balance at Sep. 30, 2026 $ 14,382   2,976 11,608 (208) [2] 6
Beginning Balance (in shares) at Mar. 31, 2026   1,857,831        
Beginning Balance at Mar. 31, 2026 13,581   2,896 10,891 (212) [2] 6
Comprehensive Earnings:            
Net Earnings 1,002     1,002    
Other Comprehensive Income 3       3 [2]  
Total Comprehensive Earnings (Note 10) 1,005          
Common stock dividends (260)     (260)    
Share Repurchases (in shares)   (6,269)        
Share Repurchases (284)   (6) (278)    
Excise Tax on Net Share Repurchases (2)     (2)    
Stock Option Exercises and Other (in shares)   749        
Stock Option Exercises and Other 48   49 (1)    
Ending Balance (in shares) at Jun. 30, 2026   1,852,311        
Ending Balance at Jun. 30, 2026 14,088   2,939 11,352 (209) [2] 6
Comprehensive Earnings:            
Net Earnings 1,052     1,052    
Other Comprehensive Income 1       1 [2]  
Total Comprehensive Earnings (Note 10) 1,053          
Common stock dividends $ (259)     (259)    
Share Repurchases (in shares) (11,000) (11,143)        
Share Repurchases $ (543)   (11) (532)    
Excise Tax on Net Share Repurchases (5)     (5)    
Stock Option Exercises and Other (in shares)   916        
Stock Option Exercises and Other 48   48      
Ending Balance (in shares) at Sep. 30, 2026   1,842,084        
Ending Balance at Sep. 30, 2026 $ 14,382   $ 2,976 $ 11,608 $ (208) [2] $ 6
[1] Accumulated Other Comprehensive Loss balances shown above are net of tax. The associated taxes were $61 million as of December 31, 2024, $59 million as of March 31, 2025, $58 million as of June 30, 2025, and $57 million as of September 30, 2025. For additional information, see Note 10, Other Comprehensive Income.
[2] Accumulated Other Comprehensive Loss balances shown above are net of tax. The associated taxes were $58 million as of December 31, 2025, $57 million as of March 31, 2026, $57 million as of June 30, 2026, and $57 million as of September 30, 2026. For additional information, see Note 10, Other Comprehensive Income.