v3.26.3
Share Repurchase Transactions and Other Comprehensive Loss
9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Share Repurchases Transactions and Other Comprehensive Loss

NOTE 9 — SHARE REPURCHASE TRANSACTIONS AND OTHER COMPREHENSIVE LOSS

During each of January 2026 and January 2025, our Board of Directors authorized share repurchase programs, both of which were for up to $10 billion of our outstanding common stock. During the nine months ended September 30, 2026, we repurchased 15.139 million shares of our common stock at an average price of $430.01 per share through market purchases pursuant to the January 2025 authorization (which was fully utilized during the first quarter of 2026) and the January 2026 authorization. At September 30, 2026, we had $4.240 billion of repurchase authorization available under the January 2026 authorization.

The components of accumulated other comprehensive loss are as follows (dollars in millions):

 

Unrealized
Losses on
Available-for-Sale
Securities

 

 

Foreign
Currency
Translation
Adjustments

 

 

Defined
Benefit
Plans

 

 

Total

 

Balances at December 31, 2025

$

(11

)

 

$

(299

)

 

$

5

 

 

$

(305

)

Unrealized losses on available-for-sale
   securities, net of $
2 income tax benefits

 

(9

)

 

 

 

 

 

 

 

 

(9

)

Foreign currency translation adjustments,
   net of $
2 income tax benefits

 

 

 

 

(36

)

 

 

 

 

 

(36

)

Balances at September 30, 2026

$

(20

)

 

$

(335

)

 

$

5

 

 

$

(350

)