v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Treasury Stock, Common
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024   258.2          
Beginning balance (in shares) at Dec. 31, 2024     (82.1)        
Beginning balance at Dec. 31, 2024 $ 6,067 $ 3 $ (10,103) $ 11,140 $ 6,065 $ (1,038) $ 0
Increase (Decrease) in Stockholders' Equity              
Issuance of common stock (in shares)   0.3          
Issuance of common stock (35)     (35)      
Repurchase of common stock (in shares)     (2.3)        
Repurchase of common stock, net of tax (429)   $ (429)        
Stock-based compensation 65     65      
Acquisitions related noncontrolling interests 8           8
Net income 249       249    
Unrealized losses on derivative instruments, net of tax (17)         (17)  
Defined benefit plan adjustments, net of tax (3)         (3)  
Foreign currency translation, net of tax 79         79  
Reclassification adjustments, net of tax 1         1  
Ending balance (in shares) at Mar. 31, 2025   258.5          
Ending balance (in shares) at Mar. 31, 2025     (84.4)        
Ending balance at Mar. 31, 2025 5,985 $ 3 $ (10,532) 11,170 6,314 (978) 8
Beginning balance (in shares) at Dec. 31, 2024   258.2          
Beginning balance (in shares) at Dec. 31, 2024     (82.1)        
Beginning balance at Dec. 31, 2024 6,067 $ 3 $ (10,103) 11,140 6,065 (1,038) 0
Increase (Decrease) in Stockholders' Equity              
Net income 847            
Unrealized losses on derivative instruments, net of tax (26)            
Defined benefit plan adjustments, net of tax (3)            
Foreign currency translation, net of tax 143            
Ending balance (in shares) at Sep. 30, 2025   258.8          
Ending balance (in shares) at Sep. 30, 2025     (88.5)        
Ending balance at Sep. 30, 2025 6,288 $ 3 $ (11,144) 11,318 6,911 (928) 128
Beginning balance (in shares) at Mar. 31, 2025   258.5          
Beginning balance (in shares) at Mar. 31, 2025     (84.4)        
Beginning balance at Mar. 31, 2025 5,985 $ 3 $ (10,532) 11,170 6,314 (978) 8
Increase (Decrease) in Stockholders' Equity              
Issuance of common stock 0            
Repurchase of common stock (in shares)     (4.1)        
Repurchase of common stock, net of tax (613)   $ (613)        
Stock-based compensation 52     52      
Net income 266       266    
Unrealized losses on derivative instruments, net of tax (4)         (4)  
Foreign currency translation, net of tax 102         102  
Reclassification adjustments, net of tax (2)         (2)  
Ending balance (in shares) at Jun. 30, 2025   258.5          
Ending balance (in shares) at Jun. 30, 2025     (88.5)        
Ending balance at Jun. 30, 2025 5,786 $ 3 $ (11,145) 11,222 6,580 (882) 8
Increase (Decrease) in Stockholders' Equity              
Issuance of common stock (in shares)   0.3          
Issuance of common stock (45)     (45)      
Tax on repurchase of common stock (1)   $ (1)        
Stock-based compensation 51     51      
Acquisitions related noncontrolling interests 119           119
Net income 332       331   1
Unrealized losses on derivative instruments, net of tax (5)         (5)  
Defined benefit plan adjustments, net of tax 0            
Foreign currency translation, net of tax (38)         (38)  
Reclassification adjustments, net of tax (3)         (3)  
Ending balance (in shares) at Sep. 30, 2025   258.8          
Ending balance (in shares) at Sep. 30, 2025     (88.5)        
Ending balance at Sep. 30, 2025 $ 6,288 $ 3 $ (11,144) 11,318 6,911 (928) 128
Beginning balance (in shares) at Dec. 31, 2025 169.6 259.1          
Beginning balance (in shares) at Dec. 31, 2025 (89.5)   (89.5)        
Beginning balance at Dec. 31, 2025 $ 6,630 $ 3 $ (11,357) 11,375 7,425 (943) 127
Increase (Decrease) in Stockholders' Equity              
Issuance of common stock (in shares)   0.5          
Issuance of common stock (40)     (40)      
Repurchase of common stock (in shares)     (3.2)        
Repurchase of common stock, net of tax (557)   $ (557)        
Stock-based compensation 66     66      
Net income 275       274   1
Defined benefit plan adjustments, net of tax 1         1  
Foreign currency translation, net of tax (33)         (33)  
Reclassification adjustments, net of tax 7         7  
Ending balance (in shares) at Mar. 31, 2026   259.6          
Ending balance (in shares) at Mar. 31, 2026     (92.7)        
Ending balance at Mar. 31, 2026 $ 6,349 $ 3 $ (11,914) 11,401 7,699 (968) 128
Beginning balance (in shares) at Dec. 31, 2025 169.6 259.1          
Beginning balance (in shares) at Dec. 31, 2025 (89.5)   (89.5)        
Beginning balance at Dec. 31, 2025 $ 6,630 $ 3 $ (11,357) 11,375 7,425 (943) 127
Increase (Decrease) in Stockholders' Equity              
Net income 885            
Unrealized losses on derivative instruments, net of tax 48            
Defined benefit plan adjustments, net of tax (1)            
Foreign currency translation, net of tax $ (20)            
Ending balance (in shares) at Sep. 30, 2026 164.8 259.8          
Ending balance (in shares) at Sep. 30, 2026 (95.0)   (95.0)        
Ending balance at Sep. 30, 2026 $ 6,791 $ 3 $ (12,315) 11,573 8,305 (906) 131
Beginning balance (in shares) at Mar. 31, 2026   259.6          
Beginning balance (in shares) at Mar. 31, 2026     (92.7)        
Beginning balance at Mar. 31, 2026 6,349 $ 3 $ (11,914) 11,401 7,699 (968) 128
Increase (Decrease) in Stockholders' Equity              
Issuance of common stock (1)     (1)      
Repurchase of common stock (in shares)     (2.3)        
Repurchase of common stock, net of tax (402)   $ (402)        
Stock-based compensation 93     93      
Net income 258       256   2
Unrealized losses on derivative instruments, net of tax 11         11  
Defined benefit plan adjustments, net of tax (1)         (1)  
Foreign currency translation, net of tax (9)         (9)  
Reclassification adjustments, net of tax 3         3  
Ending balance (in shares) at Jun. 30, 2026   259.6          
Ending balance (in shares) at Jun. 30, 2026     (95.0)        
Ending balance at Jun. 30, 2026 6,301 $ 3 $ (12,316) 11,493 7,955 (964) 130
Increase (Decrease) in Stockholders' Equity              
Issuance of common stock (in shares)   0.2          
Issuance of common stock (2)     (2)      
Tax on repurchase of common stock 1   $ 1        
Stock-based compensation 82     82      
Distribution to noncontrolling interests, net (1)           (1)
Net income 352       350   2
Unrealized losses on derivative instruments, net of tax 37         37  
Defined benefit plan adjustments, net of tax (1)         (1)  
Foreign currency translation, net of tax 22         22 0
Reclassification adjustments, net of tax $ 0         0  
Ending balance (in shares) at Sep. 30, 2026 164.8 259.8          
Ending balance (in shares) at Sep. 30, 2026 (95.0)   (95.0)        
Ending balance at Sep. 30, 2026 $ 6,791 $ 3 $ (12,315) $ 11,573 $ 8,305 $ (906) $ 131