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Shareholders' Equity (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Equity [Abstract]    
Schedule of Common Stock Outstanding Roll Forward  
The following table shows changes in each class of shares:
 
     Common
Stock		      Treasury
Stock		  
Balance at January 1, 2021
      1,012,261,159      429,941,021
  
 
 
     
 
 
  
Issued
         (6,904,556 ) 
Acquired
         307,242
  
 
 
     
 
 
  
Balance at December 31, 2021
      1,012,261,159      423,343,707
  
 
 
     
 
 
  
Issued
         (8,877,047 ) 
Acquired
         204,723
  
 
 
     
 
 
  
Balance at December 31, 2022
   
 
1,012,261,159
     
 
414,671,383
  
  
 
 
     
 
 
  
Issued
      
 
(13,651,201
) 
Acquired
      
 
1,725,954
  
  
 
 
     
 
 
  
Balance at December 31, 2023
   
 
1,012,261,159
     
 
402,746,136
  
  
 
 
     
 
 
  
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated other comprehensive loss (AOCI) by component for the six and
three
months ended June 30, 2024 and 2023, were as follows:
 
     Currency
Translation
Adjustments		     Unrealized
Gains and
Losses on
Certain
Investments		      Unrealized
Gains and
Losses on
Derivative
Instruments		     Defined Benefit
Pension Plans &
Other
Postretirement
Benefits		     Total(1)  
Balance at January 1, 2023
    ($ 167 )       ($ 24 )    ($ 9,359 )    ($ 9,550 ) 
  
 
 
       
 
 
    
 
 
    
 
 
  
Other comprehensive income/(loss) before reclassifications
      10          (25 )      (6 )      (21 ) 
Amounts reclassified from AOCI
           (2 )      (44 )(2)      (46 ) 
  
 
 
       
 
 
    
 
 
    
 
 
  
Net current period Other comprehensive income/(loss)
      10          (27 )      (50 )      (67 ) 
  
 
 
       
 
 
    
 
 
    
 
 
  
Balance at June 30, 2023
    ($ 157 )       ($ 51 )    ($ 9,409 )    ($ 9,617 ) 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Balance at January 1, 2024
   
($
134
) 
  
$
2
 
   
$
12
 
  
($
10,185
) 
  
($
10,305
) 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Other comprehensive loss before reclassifications
   
 
(24
) 
     
 
(76
) 
  
 
(13
)
(2)
 
  
 
(113
) 
Amounts reclassified from AOCI
        
 
26
 
    
 
26
 
  
 
 
       
 
 
    
 
 
    
 
 
  
Net current period Other comprehensive loss
   
 
(24
) 
     
 
(50
) 
  
 
(13
) 
  
 
(87
) 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Balance at June 30, 2024
   
($
158
) 
  
$
2
 
   
($
38
) 
  
($
10,198
) 
  
($
10,392
) 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Balance at March 31, 2023
    ($ 151 )       ($ 11 )    ($ 9,388 )    ($ 9,550 ) 
  
 
 
       
 
 
    
 
 
    
 
 
  
Other comprehensive (loss)/income before reclassifications
      (6 )         (43 )      1       (48 ) 
Amounts reclassified from AOCI
           3       (22 )(2)      (19 ) 
  
 
 
       
 
 
    
 
 
    
 
 
  
Net current period Other comprehensive loss
      (6 )         (40 )      (21 )      (67 ) 
  
 
 
       
 
 
    
 
 
    
 
 
  
Balance at June 30, 2023
    ($ 157 )       ($ 51 )    ($ 9,409 )    ($ 9,617 ) 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Balance at March 31, 2024
   
($
169
) 
  
$
2
 
   
($
46
) 
  
($
10,199
) 
  
($
10,412
) 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Other comprehensive income/(loss) before reclassifications
   
 
11
 
     
 
(11
) 
  
 
1
 (2)
 
  
 
1
 
Amounts reclassified from AOCI
        
 
19
 
    
 
19
 
  
 
 
       
 
 
    
 
 
    
 
 
  
Net current period Other comprehensive income
   
 
11
 
     
 
8
 
  
 
1
 
  
 
20
 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Balance at June 30, 2024
   
($
158
) 
  
$
2
 
   
($
38
) 
  
($
10,198
) 
  
($
10,392
) 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
 
(1)
Net of tax.
(2)
Primarily relates to the amortization of prior service credits and actuarial losses/(gains) included in net periodic benefit cost for the six and three months ended June 30, 2024 totaling $0 and $0 (net of tax of $0 and $0), and ($44) and ($22) (net of tax of $13 and $7) for the same periods in prior year.
Changes in AOCI by component for the years ended December 31, 2023, 2022 and 2021 were as follows:
 
    Currency
Translation
Adjustments		     Unrealized Gains
and Losses on
Certain
Investments		     Unrealized
Gains and
Losses on
Derivative
Instruments		     Defined Benefit
Pension
Plans & Other
Postretirement
Benefits		     Total (1)  
Balance at January 1, 2021
   ($ 30 )    $ 1   ($ 43 )    ($ 17,061 )    ($ 17,133 ) 
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Other comprehensive (loss)/income before reclassifications
     (75 )        55       4,268 (2)      4,248
Amounts reclassified from AOCI
         (6 )      1,232 (3)      1,226
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net current period Other comprehensive (loss)/income
     (75 )        49       5,500       5,474
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance at December 31, 2021
     ($105)       $1   $ 6     ($ 11,561 )    ($ 11,659 ) 
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Other comprehensive (loss)/income before reclassifications
     (62 )      (1 )      (40 )      1,529 (2)      1,426
Amounts reclassified from AOCI
         10 (4)      673 (3)      683
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net current period Other comprehensive (loss)/income
     (62 )      (1 )      (30 )      2,202       2,109
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance at December 31, 2022
  
($
167
) 
    
($
24
) 
  
($
9,359
) 
  
($
9,550
) 
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Other comprehensive income/(loss) before reclassifications
  
 
33
    
 
2
    
 
41
 
  
 
(722
)(2) 
  
 
(646
) 
Amounts reclassified from AOCI
      
 
(5
) 
  
 
(104
)(3) 
  
 
(109
) 
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net current period Other comprehensive income/(loss)
  
 
33
    
 
2
    
 
36
 
  
 
(826
) 
  
 
(755
) 
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance at December 31, 2023
  
 
($134)
 
  
 
$2
    
$
12
 
  
($
10,185
) 
  
($
10,305
) 
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
Net of tax.
(2)
Primarily related to remeasurement of assets and benefit obligations related to the Company’s pension and other postretirement benefit plans resulting in an actuarial (loss)/gain of ($722), $1,533 and $4,262 (net of tax of $13, ($22) and ($32)) for the years ended December 31, 2023, 2022 and 2021. See Note 16.
(3)
Amounts reclassified from AOCI for the year ended December 31, 2023, primarily related to amortization of prior service credits totaling ($102) (net of tax of $1). Amounts reclassified from AOCI for the years ended December 31, 2022 and 2021, primarily related to amortization of actuarial losses totaling $791 and $1,155 (net of tax of ($11) and ($8)). These are included in net periodic pension cost. See Note 16.
(4)
Included losses of $39 (net of tax of ($11)) from cash flow hedges reclassified to Other income, net because the forecasted transactions are not probable of occurring.