v3.26.3
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Common shares:
Other capital:
Retained earnings:
Accumulated other comprehensive loss:
Balance at beginning of period at Dec. 31, 2024   $ 908 $ 7,500 $ 1,715 $ (402)
Issued for exercise of stock options and vested units   1 1    
Repurchases of common shares (Note 4)   (7) (143)    
Share-based compensation     32    
Other transactions, net     (5)    
Net earnings $ 250     250  
Dividends on common shares       (459)  
Other comprehensive income $ 47       47
Dividends paid per common share $ 0.63        
Balance at end of period at Sep. 30, 2025 $ 9,438 902 7,385 1,506 (355)
Balance at beginning of period at Jun. 30, 2025   903 7,401 1,576 (356)
Issued for exercise of stock options and vested units   0 0    
Repurchases of common shares (Note 4)   (1) (24)    
Share-based compensation     9    
Other transactions, net     (1)    
Net earnings 80     80  
Dividends on common shares       (150)  
Other comprehensive income $ 1       1
Dividends paid per common share $ 0.21        
Balance at end of period at Sep. 30, 2025 $ 9,438 902 7,385 1,506 (355)
Balance at beginning of period at Dec. 31, 2025 9,426 901 7,390 1,428 (293)
Issued for exercise of stock options and vested units   1 5    
Repurchases of common shares (Note 4)   (2) (28)    
Share-based compensation     33    
Other transactions, net     (7)    
Net earnings 379     379  
Dividends on common shares       (456)  
Other comprehensive income $ 31       31
Dividends paid per common share $ 0.63        
Balance at end of period at Sep. 30, 2026 $ 9,382 900 7,393 1,351 (262)
Balance at beginning of period at Jun. 30, 2026   901 7,392 1,442 (279)
Issued for exercise of stock options and vested units   0 0    
Repurchases of common shares (Note 4)   (1) (9)    
Share-based compensation     10    
Other transactions, net     0    
Net earnings 61     61  
Dividends on common shares       (152)  
Other comprehensive income $ 17       17
Dividends paid per common share $ 0.21        
Balance at end of period at Sep. 30, 2026 $ 9,382 $ 900 $ 7,393 $ 1,351 $ (262)