v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Noncontrolling Interests
Balance at beginning of period (in shares) at Dec. 31, 2024   1,134          
Balance at beginning of period at Dec. 31, 2024 $ 30,109 $ 1,813 $ (278) $ 29,808 $ (95) $ (1,320) $ 181
Balance at beginning of period (in shares) at Dec. 31, 2024     (7)        
Changes in Equity              
Net income (loss) 1,902         1,891 11
Other comprehensive income (loss)  56       56    
Dividends declared [1] (280)         (280)  
Distributions declared to noncontrolling interests (44)           (44)
Cash calls requested from noncontrolling interests 35           35
Repurchase and retirement of common stock (in shares)   (8)          
Repurchase and retirement of common stock (351) $ (12)   (201)   (138)  
Withholding of employee taxes related to stock-based compensation (15)   $ (15)        
Stock-based awards and related share issuances (in shares)   1          
Stock-based awards and related share issuances 19 $ 2   17      
Balance at end of period (in shares) at Mar. 31, 2025   1,127          
Balance at end of period at Mar. 31, 2025 31,431 $ 1,803 $ (293) 29,624 (39) 153 183
Balance at end of period (in shares) at Mar. 31, 2025     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2024   1,134          
Balance at beginning of period at Dec. 31, 2024 30,109 $ 1,813 $ (278) 29,808 (95) (1,320) 181
Balance at beginning of period (in shares) at Dec. 31, 2024     (7)        
Changes in Equity              
Other comprehensive income (loss)  204            
Balance at end of period (in shares) at Sep. 30, 2025   1,100          
Balance at end of period at Sep. 30, 2025 33,411 $ 1,760 $ (297) 28,955 109 2,699 185
Balance at end of period (in shares) at Sep. 30, 2025     (7)        
Balance at beginning of period (in shares) at Mar. 31, 2025   1,127          
Balance at beginning of period at Mar. 31, 2025 31,431 $ 1,803 $ (293) 29,624 (39) 153 183
Balance at beginning of period (in shares) at Mar. 31, 2025     (7)        
Changes in Equity              
Net income (loss) 2,075         2,061 14
Other comprehensive income (loss)  83       83    
Dividends declared [1] (281)         (281)  
Distributions declared to noncontrolling interests (56)           (56)
Cash calls requested from noncontrolling interests 34           34
Repurchase and retirement of common stock (in shares)   (19)          
Repurchase and retirement of common stock (1,021) $ (31)   (506)   (484)  
Withholding of employee taxes related to stock-based compensation (1)   $ (1)        
Stock-based awards and related share issuances 23     23      
Balance at end of period (in shares) at Jun. 30, 2025   1,108          
Balance at end of period at Jun. 30, 2025 32,287 $ 1,772 $ (294) 29,141 44 1,449 175
Balance at end of period (in shares) at Jun. 30, 2025     (7)        
Changes in Equity              
Net income (loss) 1,843         1,832 11
Other comprehensive income (loss)  65       65    
Dividends declared [1] (273)         (273)  
Distributions declared to noncontrolling interests (32)           (32)
Cash calls requested from noncontrolling interests 31           31
Repurchase and retirement of common stock (in shares)   (8)          
Repurchase and retirement of common stock (522) $ (12)   (201)   (309)  
Withholding of employee taxes related to stock-based compensation (3)   $ (3)        
Stock-based awards and related share issuances 15     15      
Balance at end of period (in shares) at Sep. 30, 2025   1,100          
Balance at end of period at Sep. 30, 2025 33,411 $ 1,760 $ (297) 28,955 109 2,699 185
Balance at end of period (in shares) at Sep. 30, 2025     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2025   1,096          
Balance at beginning of period at Dec. 31, 2025 34,042 $ 1,753 $ (301) 28,847 137 3,431 175
Balance at beginning of period (in shares) at Dec. 31, 2025     (7)        
Changes in Equity              
Net income (loss) 3,328         3,262 66
Other comprehensive income (loss)  19       19    
Dividends declared [2] (281)         (281)  
Distributions declared to noncontrolling interests (105)           (105)
Cash calls requested from noncontrolling interests 36           36
Repurchase and retirement of common stock (in shares)   (17)          
Repurchase and retirement of common stock (1,914) $ (28)   (446)   (1,440)  
Withholding of employee taxes related to stock-based compensation (45)   $ (45)        
Stock-based awards and related share issuances (in shares)   1          
Stock-based awards and related share issuances 18 $ 2   16      
Balance at end of period (in shares) at Mar. 31, 2026   1,080          
Balance at end of period at Mar. 31, 2026 35,098 $ 1,727 $ (346) 28,417 156 4,972 172
Balance at end of period (in shares) at Mar. 31, 2026     (7)        
Balance at beginning of period (in shares) at Dec. 31, 2025   1,096          
Balance at beginning of period at Dec. 31, 2025 34,042 $ 1,753 $ (301) 28,847 137 3,431 175
Balance at beginning of period (in shares) at Dec. 31, 2025     (7)        
Changes in Equity              
Other comprehensive income (loss)  (14)            
Balance at end of period (in shares) at Sep. 30, 2026   1,050          
Balance at end of period at Sep. 30, 2026 35,850 $ 1,679 $ (349) 27,647 123 6,575 175
Balance at end of period (in shares) at Sep. 30, 2026     (7)        
Balance at beginning of period (in shares) at Mar. 31, 2026   1,080          
Balance at beginning of period at Mar. 31, 2026 35,098 $ 1,727 $ (346) 28,417 156 4,972 172
Balance at beginning of period (in shares) at Mar. 31, 2026     (7)        
Changes in Equity              
Net income (loss) 2,251         2,202 49
Other comprehensive income (loss)  (42)       (42)    
Dividends declared [2] (277)         (277)  
Distributions declared to noncontrolling interests (84)           (84)
Cash calls requested from noncontrolling interests 34           34
Repurchase and retirement of common stock (in shares)   (14)          
Repurchase and retirement of common stock (1,583) $ (23)   (379)   (1,181)  
Withholding of employee taxes related to stock-based compensation (2)   $ (2)        
Stock-based awards and related share issuances 19     19      
Balance at end of period (in shares) at Jun. 30, 2026   1,066          
Balance at end of period at Jun. 30, 2026 35,414 $ 1,704 $ (348) 28,057 114 5,716 171
Balance at end of period (in shares) at Jun. 30, 2026     (7)        
Changes in Equity              
Net income (loss) 2,514         2,475 39
Other comprehensive income (loss)  9       9    
Dividends declared [2] (273)         (273)  
Distributions declared to noncontrolling interests (72)           (72)
Cash calls requested from noncontrolling interests 37           37
Repurchase and retirement of common stock (in shares) [3]   (16)          
Repurchase and retirement of common stock [3] (1,795) $ (25)   (427)   (1,343)  
Withholding of employee taxes related to stock-based compensation (1)   $ (1)        
Stock-based awards and related share issuances 17     17      
Balance at end of period (in shares) at Sep. 30, 2026   1,050          
Balance at end of period at Sep. 30, 2026 $ 35,850 $ 1,679 $ (349) $ 27,647 $ 123 $ 6,575 $ 175
Balance at end of period (in shares) at Sep. 30, 2026     (7)        
[1] Cash dividends paid per common share were $0.25 and $0.75 for the three and nine months ended September 30, 2025, respectively.
[2] Cash dividends paid per common share were $0.26 and $0.78 for the three and nine months ended September 30, 2026, respectively.
[3] An additional $451 of common stock was repurchased and retired subsequent to September 30, 2026 through the date of filing.