v3.26.1
Condensed Consolidated Statement of Stockholders' Equity - USD ($)
$ in Millions
Total
Common stock
Capital in excess of par value
Retained earnings
Accumulated other comprehensive income (loss)
Treasury stock
Balance at beginning of period at Dec. 31, 2024 $ 10,350 $ 888 $ 4,199 $ 16,332 $ (25) $ (11,044)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Repurchase of common stock (758)         (758) [1]
Issuance of common and treasury stock pursuant to Employee stock plans 3   (10)     13
Share-based compensation 21   21      
Cash dividends (103)     (103)    
Comprehensive income (loss) (148)     (149) 1  
Balance at end of period at Mar. 31, 2025 9,365 888 4,210 16,080 (24) (11,789)
Balance at beginning of period at Dec. 31, 2024 10,350 888 4,199 16,332 (25) (11,044)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income (loss) 54          
Balance at end of period at Jun. 30, 2025 8,000 888 4,247 16,199 (35) (13,299)
Balance at beginning of period at Mar. 31, 2025 9,365 888 4,210 16,080 (24) (11,789)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Repurchase of common stock (1,515)         (1,515) [1]
Issuance of common and treasury stock pursuant to Employee stock plans 17   12     5
Share-based compensation 25   25      
Cash dividends (94)     (94)    
Comprehensive income (loss) 202     213 (11)  
Balance at end of period at Jun. 30, 2025 8,000 888 4,247 16,199 (35) (13,299)
Balance at beginning of period at Dec. 31, 2025 7,981 888 4,322 16,388 (24) (13,593)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Repurchase of common stock (1,270) [2]   (53) [2]     (1,217) [3]
Issuance of common and treasury stock pursuant to Employee stock plans (14)   (26)     12
Share-based compensation 17   17      
Cash dividends (89)     (89)    
Comprehensive income (loss) 250     227 23  
Balance at end of period at Mar. 31, 2026 6,875 888 4,260 16,526 (1) (14,798)
Balance at beginning of period at Dec. 31, 2025 7,981 888 4,322 16,388 (24) (13,593)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income (loss) 506          
Balance at end of period at Jun. 30, 2026 7,082 888 4,294 16,672 22 (14,794)
Balance at beginning of period at Mar. 31, 2026 6,875 888 4,260 16,526 (1) (14,798)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common and treasury stock pursuant to Employee stock plans 17   13     4
Share-based compensation 21   21      
Cash dividends (87)     (87)    
Comprehensive income (loss) 256     233 23  
Balance at end of period at Jun. 30, 2026 $ 7,082 $ 888 $ 4,294 $ 16,672 $ 22 $ (14,794)
[1] Includes excise tax incurred on share repurchases, net of issuances.
[2] For the three months ended March 31, 2026, the Company repurchased 28 million shares of its common stock.
[3] Includes excise tax incurred on share repurchases, net of issuances.