v3.26.3
Equity
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Equity Equity
The following table summarizes components of equity with significant changes during the three months ended September 30, 2026 and 2025:
Common StockAdditional
Paid-in
Capital		Retained
Earnings		Accumulated Other Comprehensive Loss
SharesAmount
Balance at June 30, 2026
941.5 $588 $7,117 $31,893 $(2,761)
Net income6,451 
Other comprehensive income, net of tax132 
Purchases of common stock(0.3)— (377)
Issuance of stock under employee stock plans, net— — (8)
Stock-based compensation200 
Other2 
Balance at September 30, 2026
941.2 $588 $7,309 $37,969 $(2,629)
Balance at June 30, 2025
947.2 $592 $7,089 $17,376 $(3,716)
Net income5,583 
Other comprehensive income, net of tax510 
Purchases of common stock(1.0)(1)(708)
Issuance of stock under employee stock plans, net— — (8)
Stock-based compensation151 
Other1 
Balance at September 30, 2025
946.2 $591 $7,232 $22,252 $(3,206)
The following table summarizes components of equity with significant changes during the nine months ended September 30, 2026 and 2025:
Common StockAdditional
Paid-in
Capital		Retained
Earnings		Accumulated Other Comprehensive Loss
SharesAmount
Balance at December 31, 2025
944.8 $590 $7,346 $24,470 $(2,880)
Net income20,942 
Other comprehensive income, net of tax251 
Cash dividends declared per share: $3.46
(3,088)
Purchases of common stock(4.7)(3)(4,361)
Issuance of stock under employee stock plans, net1.1 1 (599)
Stock-based compensation562 
Other6 
Balance at September 30, 2026
941.2 $588 $7,309 $37,969 $(2,629)
Balance at December 31, 2024
947.9 $592 $7,439 $13,545 $(4,322)
Net income14,002 
Other comprehensive income, net of tax1,116 
Cash dividends declared per share: $3.00
(2,692)
Purchases of common stock(3.3)(2)(2,598)
Issuance of stock under employee stock plans, net1.6 1 (697)
Stock-based compensation490 
Other(5)
Balance at September 30, 2025
946.2 $591 $7,232 $22,252 $(3,206)
As of September 30, 2026, we had $6.6 billion remaining under our $15.0 billion share repurchase program authorized in December 2024. We retire shares once we repurchase them.
The following table summarizes the activity related to each component of accumulated other comprehensive income (loss) during the three months ended September 30, 2026 and 2025:
Foreign Currency Translation(1)
Retirement
Benefit Plans		OtherAccumulated Other Comprehensive Loss
Balance at June 30, 2026
$(1,055)$(1,957)$250 $(2,761)
Other comprehensive income (loss)132 13 (13)132 
Balance at September 30, 2026
$(922)$(1,944)$237 $(2,629)
Balance at June 30, 2025
$(1,758)$(2,193)$235 $(3,716)
Other comprehensive income (loss)466 20 23 510 
Balance at September 30, 2025
$(1,292)$(2,173)$259 $(3,206)
(1) Includes the impact of foreign currency transactions designated as net investment hedges. See Note 8 for additional information.
The following table summarizes the activity related to each component of accumulated other comprehensive income (loss) during the nine months ended September 30, 2026 and 2025:
Foreign Currency Translation(1)
Retirement
Benefit Plans		OtherAccumulated Other Comprehensive Loss
Balance at December 31, 2025
$(1,149)$(1,987)$255 $(2,880)
Other comprehensive income (loss)226 43 (18)251 
Balance at September 30, 2026
$(922)$(1,944)$237 $(2,629)
Balance at December 31, 2024
$(2,390)$(2,179)$246 $(4,322)
Other comprehensive income (loss)1,098 6 12 1,116 
Balance at September 30, 2025
$(1,292)$(2,173)$259 $(3,206)
(1) Includes the impact of foreign currency transactions designated as net investment hedges. See Note 8 for additional information.