v3.26.3
CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY - USD ($)
$ in Millions
Total
Common stock
Capital in excess of par value
Retained earnings
Accumulated  other comprehensive (loss) income
Treasury stock
Non-controlling interest
Shareholders' equity, beginning balance (in shares) at Dec. 31, 2024   275,700,000          
Shareholders' equity, beginning balance at Dec. 31, 2024 $ 13,869 $ 35 $ 19,917 $ (2,647) $ (2,527) $ (944) $ 35
Treasury stock, beginning balance (in shares) at Dec. 31, 2024           20,000,000.0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (377)     (379)     2
Other comprehensive (loss) income 1,064       1,064    
Cash dividends declared (306)     (306)      
Deferred compensation, stock options, and SSARs (3)   (4)     $ 1  
Vested restricted stock units and awards (28)   (56)     $ 28  
Vested restricted stock units and awards, shares           600,000  
Stock-based compensation 72   72        
Impact from business divestitures (4)           (4)
Other (1)           (1)
Shareholders' equity, ending balance (in shares) at Sep. 30, 2025   275,700,000          
Shareholders' equity, ending balance at Sep. 30, 2025 $ 14,286 $ 35 19,929 (3,332) (1,463) $ (915) 32
Treasury stock, ending balance (in shares) at Sep. 30, 2025           19,400,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared per share, in dollars per share $ 1.20            
Shareholders' equity, beginning balance (in shares) at Jun. 30, 2025   275,700,000          
Shareholders' equity, beginning balance at Jun. 30, 2025 $ 14,381 $ 35 19,916 (3,270) (1,415) $ (917) 32
Treasury stock, beginning balance (in shares) at Jun. 30, 2025           19,400,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 41     40     1
Other comprehensive (loss) income (48)       (48)    
Cash dividends declared (102)     (102)      
Deferred compensation, stock options, and SSARs (3)   (3)        
Vested restricted stock units and awards (3)   (5)     $ 2  
Stock-based compensation 21   21        
Other (1)           (1)
Shareholders' equity, ending balance (in shares) at Sep. 30, 2025   275,700,000          
Shareholders' equity, ending balance at Sep. 30, 2025 $ 14,286 $ 35 19,929 (3,332) (1,463) $ (915) 32
Treasury stock, ending balance (in shares) at Sep. 30, 2025           19,400,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Maximum dividend threshold per quarter (in dollars per share) $ 0.40            
Dividends declared per share, in dollars per share $ 0.40            
Shareholders' equity, beginning balance (in shares) at Dec. 31, 2025   275,700,000          
Shareholders' equity, beginning balance at Dec. 31, 2025 $ 14,186 $ 35 19,918 (3,417) (1,430) $ (952) 32
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 20,000,000.0         20,000,000.0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) $ 166     164     2
Other comprehensive (loss) income (223)       (223)    
Cash dividends declared (304)     (304)      
Deferred compensation, stock options, and SSARs $ 2   1     $ 1  
Treasury share repurchases, including excise taxes (in shares) (5,800,000)            
Treasury share repurchases, including excise taxes $ (588)            
Vested restricted stock units and awards (18)   (42)     $ 24  
Vested restricted stock units and awards, shares           500,000  
Stock-based compensation 72   72        
Other (3)           (3)
Shareholders' equity, ending balance (in shares) at Sep. 30, 2026   275,700,000          
Shareholders' equity, ending balance at Sep. 30, 2026 $ 13,290 $ 35 19,949 (3,557) (1,653) $ (1,515) 31
Treasury stock, ending balance (in shares) at Sep. 30, 2026 25,300,000         25,300,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared per share, in dollars per share $ 1.20            
Shareholders' equity, beginning balance (in shares) at Jun. 30, 2026   275,700,000          
Shareholders' equity, beginning balance at Jun. 30, 2026 $ 14,009 $ 35 19,929 (3,402) (1,588) $ (998) 33
Treasury stock, beginning balance (in shares) at Jun. 30, 2026           20,400,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (55)     (55)     0
Other comprehensive (loss) income (65)       (65)    
Cash dividends declared $ (100)     (100)      
Treasury share repurchases, including excise taxes (in shares) (4,800,000)            
Treasury share repurchases, including excise taxes $ (517)            
Vested restricted stock units and awards (1)   (1)     $ 0  
Vested restricted stock units and awards, shares           (100,000)  
Stock-based compensation 21   21        
Other (2)           (2)
Shareholders' equity, ending balance (in shares) at Sep. 30, 2026   275,700,000          
Shareholders' equity, ending balance at Sep. 30, 2026 $ 13,290 $ 35 $ 19,949 $ (3,557) $ (1,653) $ (1,515) $ 31
Treasury stock, ending balance (in shares) at Sep. 30, 2026 25,300,000         25,300,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Maximum dividend threshold per quarter (in dollars per share) $ 0.40            
Dividends declared per share, in dollars per share $ 0.40