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Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2024
Stockholders' Equity Note [Abstract] |
Schedule of Common Stock Outstanding Roll Forward | The following table shows changes in each class of shares:
|  |  | Common stock |  | Treasury stock |  | Mandatory convertible preferred stock
Balance at January 1, 2022 |  |  | 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 |  |  |  |
Issued |  |  |  |  | (140,120,845) |  |  | 5,750,000 |
Acquired |  |  |  |  | 419,549 |  |  |  |
Balance at December 31, 2024 |  |  | 1,012,261,159 |  |  | 263,044,840 |  |  | 5,750,000 |
Schedule of Accumulated Other Comprehensive Income (Loss) | Changes in AOCI by component for the years ended December 31, 2024, 2023 and 2022 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, 2022 | ($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) |
Other comprehensive loss before reclassifications | (44) |  |  |  |  | (258) |  |  | (356) |  | (5) | (658) |
Amounts reclassified from AOCI |  |  |  |  | 35 |  |  | 13 |  |  | 48 |
Net current period Other comprehensive loss | (44) |  |  |  |  | (223) |  |  | (343) |  |  | (610) |
Balance at December 31, 2024 | ($178) |  |  | $2 |  |  | ($211) |  |  | ($10,528) |  |  | ($10,915) |
(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) and $1,533 (net of tax of $13 and ($22)) for the years ended December 31, 2023 and 2022. See Note 17. (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 year ended December 31, 2022, primarily related to amortization of actuarial losses totaling $791 (net of tax of ($11)). These are included in net periodic pension cost. See Note 17. (4) Includes 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. (5) 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 of ($225) (net of tax of ($1)) and prior service credits of ($140) (net of tax of $0) for the year ended December 31, 2024. See Note 17.
Schedule of Conversion Rate Per Share of Mandatory Convertible Preferred Stock | The following table illustrates the conversion rate per share of Mandatory convertible preferred stock, subject to certain anti-dilution adjustments, based on the applicable market value of the common stock:
Applicable Market Value of Common Stock |  | Conversion Rate per Share of Mandatory Convertible Preferred Stock
Greater than $171.5854 |  | 5.8280 shares of common stock
Equal to or less than $171.5854 but greater than or equal to $142.9797 |  | Between 5.8280 and 6.9940 shares of common stock, determined by dividing $1,000 by the applicable market value
Less than $142.9797 |  | 6.9940 shares of common stock

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