Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2026

Equity [Abstract]

Schedule of Changes in AOCI

The following tables set forth the changes in AOCI by component for the three and nine months ended September 30, 2026 and 2025 (in millions).


			Three Months Ended September 30, 2026
			Foreign Currency Translation Adjustment						Deferred Gain (Loss) on Cash Flow Hedging Activities						Pension and Other Postretirement Benefit Liabilities						Unrealized (Loss) on Investments						Accumulated Other Comprehensive Income (Loss)
Balance at July 1, 2026			$	(2,417)					$	54					$	(85)					$	(19)					$	(2,467)
Other comprehensive income (loss) before reclassifications			(66)						105						—						(1)						38
Gain on net investment hedges			18						—						—						—						18
Amounts reclassified from AOCI			—						(4)						(3)						—						(7)
Tax effect			(4)						(14)						1						—						(17)
Net of tax amount			(52)						87						(2)						(1)						32
Balance at September 30, 2026			$	(2,469)					$	141					$	(87)					$	(20)					$	(2,435)

			Nine Months Ended September 30, 2026
			Foreign Currency Translation Adjustment						Deferred Gain (Loss) on Cash Flow Hedging Activities						Pension and Other Postretirement Benefit Liabilities						Unrealized Gain (Loss) on Investments						Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2026			$	(2,549)					$	119					$	(82)					$	(19)					$	(2,531)
Other comprehensive income (loss) before reclassifications			3						(79)						—						(2)						(78)
Gain on net investment hedges			101						—						—						—						101
Amounts reclassified from AOCI			—						103						(7)						—						96
Tax effect			(24)						(2)						2						1						(23)
Net of tax amount			80						22						(5)						(1)						96
Balance at September 30, 2026			$	(2,469)					$	141					$	(87)					$	(20)					$	(2,435)


			Three Months Ended September 30, 2025
			Foreign Currency Translation Adjustment						Deferred Gain (Loss) on Cash Flow Hedging Activities						Pension and Other Postretirement Benefit Liabilities						Unrealized (Loss) on Investments						Accumulated Other Comprehensive Income (Loss)
Balance at July 1, 2025			$	(2,737)					$	74					$	(110)					$	(19)					$	(2,792)
Other comprehensive income (loss) before reclassifications			120						45						2						—						167
(Loss) on net investment hedges			15						—						—						—						15
Amounts reclassified from AOCI			—						22						(3)						—						19
Tax effect			(4)						(14)						(1)						—						(19)
Net of tax amount			131						53						(2)						—						182
Balance at September 30, 2025			$	(2,606)					$	127					$	(112)					$	(19)					$	(2,610)

			Nine Months Ended September 30, 2025
			Foreign Currency Translation Adjustment						Deferred Gain (Loss) on Cash Flow Hedging Activities						Pension and Other Postretirement Benefit Liabilities						Unrealized Gain (Loss) on Investments						Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2025			$	(2,999)					$	126					$	(100)					$	(15)					$	(2,988)
Other comprehensive income (loss) before reclassifications			744						(13)						(6)						(4)						721
Gain (loss) on net investment hedges			(460)						—						—						—						(460)
Amounts reclassified from AOCI			—						16						(9)						—						7
Tax effect			109						(2)						3						—						110
Net of tax amount			393						1						(12)						(4)						378
Balance at September 30, 2025			$	(2,606)					$	127					$	(112)					$	(19)					$	(2,610)

Schedule of Reclassifications out of AOCI

The following table sets forth the reclassifications out of AOCI related to deferred (gains) losses on cash flow hedging activities for the three and nine months ended September 30, 2026 and 2025 (in millions).


Affected line item in the Consolidated Statements of Earnings			Three Months Ended												Nine Months Ended
			September 30,												September 30,
			2026						2025						2026						2025







Cost of products sold			$	(4)					$	22					$	103					$	16


Earnings before income tax			(4)						22						103						16
Income tax expense			1						(5)						(25)						(4)
Net earnings			$	(3)					$	17					$	78					$	12