Equity (Tables)

9 Months Ended

Sep. 30, 2026

The following table summarizes components of equity with significant changes during the three months ended September 30, 2026 and 2025:


	Common Stock			Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss
	Shares	Amount
Balance at June 30, 2026	941.5	$	588	$	7,117	$	31,893	$	(2,761)
Net income						6,451
Other comprehensive income, net of tax								132

Purchases of common stock	(0.3)	—				(377)

Issuance of stock under employee stock plans, net	—	—		(8)
Stock-based compensation				200
Other						2
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 income						5,583
Other comprehensive income, net of tax								510

Purchases of common stock	(1.0)	(1)				(708)

Issuance of stock under employee stock plans, net	—	—		(8)
Stock-based compensation				151
Other						1
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 Stock			Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss
	Shares	Amount
Balance at December 31, 2025	944.8	$	590	$	7,346	$	24,470	$	(2,880)
Net income						20,942
Other comprehensive income, net of tax								251
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, net	1.1	1		(599)
Stock-based compensation				562
Other						6
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 income						14,002
Other comprehensive income, net of tax								1,116
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, net	1.6	1		(697)
Stock-based compensation				490
Other						(5)
Balance at September 30, 2025	946.2	$	591	$	7,232	$	22,252	$	(3,206)

Schedule of Accumulated Other Comprehensive Income (Loss)

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		Other		Accumulated 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		Other		Accumulated 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.