v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
COMMON SHARES
ADDITIONAL PAID-IN CAPITAL:
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS), NET OF DEFERRED INCOME TAXES:
RETAINED EARNINGS:
TREASURY SHARES AT COST:
Balance beginning of period (in shares) at Dec. 31, 2022   39.2        
Balance beginning of period at Dec. 31, 2022   $ 1 $ 2,302 $ (1,996) $ 12,042 $ (3,908)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issued (redeemed) during the period, net (in shares)   4.2        
Treasury shares acquired (in shares)   0.0        
Public offering of shares     1,445      
Share-based compensation plans     26      
Net increase (decrease) during the period $ 1,063     1,063    
Net income (loss) 2,517       2,517  
Dividends declared ($8.00 per share 2025, $7.75 per share 2024 and $6.80 per share 2023)         (288)  
Purchase of treasury shares           0
Balance end of period (in shares) at Dec. 31, 2023   43.4        
Balance end of period at Dec. 31, 2023 13,202 $ 1 3,773 (934) 14,270 (3,908)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issued (redeemed) during the period, net (in shares)   0.1        
Treasury shares acquired (in shares)   (0.5)        
Public offering of shares     0      
Share-based compensation plans     39      
Net increase (decrease) during the period (204)     (204)    
Net income (loss) $ 1,373       1,373  
Dividends declared ($8.00 per share 2025, $7.75 per share 2024 and $6.80 per share 2023)         (334)  
Purchase of treasury shares           (200)
Balance end of period (in shares) at Dec. 31, 2024 74.3 43.0        
Balance end of period at Dec. 31, 2024 $ 13,875 $ 1 3,812 (1,138) 15,309 (4,108)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issued (redeemed) during the period, net (in shares)   0.1        
Treasury shares acquired (in shares)   (2.4)        
Public offering of shares     0      
Share-based compensation plans     40      
Net increase (decrease) during the period 1,086     1,086    
Net income (loss) $ 1,591       1,591  
Dividends declared ($8.00 per share 2025, $7.75 per share 2024 and $6.80 per share 2023)         (335)  
Purchase of treasury shares           (797)
Balance end of period (in shares) at Dec. 31, 2025 74.4 40.7        
Balance end of period at Dec. 31, 2025 $ 15,461 $ 1 $ 3,852 $ (52) $ 16,565 $ (4,906)