v3.26.1
Consolidated Statement of Changes in Equity - USD ($)
$ in Millions
Total
Par Value
Capital in Excess of Par
Treasury Stock
Retained Earnings
Accum. Other Comprehensive Loss
Noncontrolling Interests
Beginning balance at Dec. 31, 2024 $ 28,463 $ 7 $ 19,788 $ (22,751) $ 30,771 $ (407) $ 1,055
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 526       487   39
Other comprehensive income (loss) 94         94  
Dividends paid on common stock (469)       (469)    
Repurchase of common stock (244)     (244)      
Distributions to noncontrolling interests (14)           (14)
Benefit plan activity (3)   1   (4)    
Ending balance at Mar. 31, 2025 $ 28,353 7 19,789 (22,995) 30,785 (313) 1,080
Beginning balance, common stock issued (in shares) at Dec. 31, 2024 656,987,861            
Beginning balance, treasury stock (in shares) at Dec. 31, 2024 248,594,923            
Stockholders' Equity, Shares [Roll Forward]              
Repurchase of common stock (in shares) 1,996,593            
Shares issued—share-based compensation (in shares) 1,185,541            
Ending balance, common stock issued (in shares) at Mar. 31, 2025 658,173,402            
Ending balance, treasury stock (in shares) at Mar. 31, 2025 250,591,516            
Beginning balance at Dec. 31, 2025 $ 30,241 7 19,948 (23,934) 33,239 (167) 1,148
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 219       207   12
Other comprehensive income (loss) (64)         (64)  
Dividends paid on common stock (509)       (509)    
Repurchase of common stock (269)     (269)      
Distributions to noncontrolling interests (22)           (22)
Contributions from noncontrolling interests 15           15
Benefit plan activity 70   73   (3)    
Ending balance at Mar. 31, 2026 $ 29,681 $ 7 $ 20,021 $ (24,203) $ 32,934 $ (231) $ 1,153
Beginning balance, common stock issued (in shares) at Dec. 31, 2025 659,391,484            
Beginning balance, treasury stock (in shares) at Dec. 31, 2025 258,252,603            
Stockholders' Equity, Shares [Roll Forward]              
Repurchase of common stock (in shares) 1,734,073            
Shares issued—share-based compensation (in shares) 1,530,212            
Ending balance, common stock issued (in shares) at Mar. 31, 2026 660,921,696            
Ending balance, treasury stock (in shares) at Mar. 31, 2026 259,986,676