| EQUITY |
EQUITY A summary of the changes in equity for the three months and nine months ended September 30, 2026 and 2025 is provided below:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2026 | | In millions, except per share amounts | Common Stock Issued | | Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total
Equity | | | Balance, July 1 | $ | 627 | | | $ | 14,372 | | | $ | 4,440 | | $ | (485) | | | $ | 4,499 | | | $ | 14,455 | | | | Issuance of stock for various plans, net | — | | | 23 | | | — | | — | | | (1) | | | 24 | | | | Repurchase of stock | — | | | — | | | — | | — | | | — | | | — | | | Common stock dividends ($0.4625 per share) | — | | | — | | | (248) | | — | | | — | | | (248) | | | | Comprehensive income (loss) | — | | | — | | | (1,126) | | 41 | | | — | | | (1,085) | | | | Ending Balance, September 30 | $ | 627 | | | $ | 14,395 | | | $ | 3,066 | | $ | (444) | | | $ | 4,498 | | | $ | 13,146 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2026 | | In millions, except per share amounts | Common Stock Issued | | Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total
Equity | | | Balance, January 1 | $ | 627 | | | $ | 14,414 | | | $ | 4,885 | | $ | (528) | | | $ | 4,571 | | | $ | 14,827 | | | | Issuance of stock for various plans, net | — | | | (19) | | | — | | — | | | (104) | | | 85 | | | | Repurchase of stock | — | | | — | | | — | | — | | | 31 | | | (31) | | | Common stock dividends ($1.3875 per share) | — | | | — | | | (741) | | — | | | — | | | (741) | | | | Comprehensive income (loss) | — | | | — | | | (1,078) | | 84 | | | — | | | (994) | | | | Ending Balance, September 30 | $ | 627 | | | $ | 14,395 | | | $ | 3,066 | | $ | (444) | | | $ | 4,498 | | | $ | 13,146 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2025 | | In millions, except per share amounts | Common Stock Issued | | Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total
Equity | | | Balance, July 1 | $ | 627 | | | $ | 14,374 | | | $ | 8,865 | | $ | (672) | | | $ | 4,577 | | | $ | 18,617 | | | | Issuance of stock for various plans, net | — | | | 19 | | | — | | — | | | (4) | | | 23 | | | | | | | | | | | | | | | | Repurchase of stock | — | | | — | | | — | | — | | | 1 | | | (1) | | | Common stock dividends ($0.4625 per share) | — | | | — | | | (246) | | — | | | — | | | (246) | | | | Comprehensive income (loss) | — | | | — | | | (1,102) | | 26 | | | — | | | (1,076) | | | | Ending Balance, September 30 | $ | 627 | | | $ | 14,393 | | | $ | 7,517 | | $ | (646) | | | $ | 4,574 | | | $ | 17,317 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2025 | | In millions, except per share amounts | Common Stock Issued | | Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total
Equity | | | Balance, January 1 | $ | 449 | | | $ | 4,732 | | | $ | 9,393 | | $ | (1,722) | | | $ | 4,679 | | | $ | 8,173 | | | | Issuance of stock for various plans, net | — | | | (70) | | | — | | — | | | (169) | | | 99 | | | | Issuance of stock for DS Smith acquisition | 178 | | | 9,731 | | | — | | — | | | — | | | 9,909 | | | | Repurchase of stock | — | | | — | | | — | | — | | | 64 | | | (64) | | | Common stock dividends ($1.3875 per share) | — | | | — | | | (744) | | — | | | — | | | (744) | | | | Comprehensive income (loss) | — | | | — | | | (1,132) | | 1,076 | | | — | | | (56) | | | | Ending Balance, September 30 | $ | 627 | | | $ | 14,393 | | | $ | 7,517 | | $ | (646) | | | $ | 4,574 | | | $ | 17,317 | | |
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