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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Contingency [Line Items]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The components of income before income taxes, based upon tax jurisdiction, for the years ended December 31 are as follows:

(in millions)						2024						2023						2022
Income before income taxes:
Domestic						$	28,264					$	29,210					$	26,685
Foreign						(8,193)						(98)						(342)
Total income before income taxes						$	20,071					$	29,112					$	26,343

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of the provision for income taxes for the years ended December 31 are as follows:

(in millions)						2024						2023						2022
Current Provision:
Federal						$	3,453					$	4,418					$	4,842
State and local						416						716						855
Foreign						1,256						1,079						680
Total current provision						5,125						6,213						6,377
Deferred benefit						(296)						(245)						(673)
Total provision for income taxes						$	4,829					$	5,968					$	5,704

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The reconciliation of the tax provision at the U.S. federal statutory rate to the provision for income taxes and the effective tax rate for the years ended December 31 is as follows:

(in millions, except percentages)						2024												2023												2022
Tax provision at the U.S. federal statutory rate						$	4,215					21.0		%				$	6,114					21.0		%				$	5,532					21.0		%
State income taxes, net of federal benefit						343						1.7						567						2.0						621						2.4
Share-based awards - excess tax benefit						(96)						(0.5)						(75)						(0.3)						(110)						(0.4)
Non-deductible compensation						171						0.9						174						0.6						150						0.6
Foreign rate differential						(369)						(1.8)						(442)						(1.5)						(265)						(1.0)
Tax effect of dispositions and other strategic transactions						1,215						6.1						(29)						(0.1)						(215)						(0.8)
Other, net						(650)						(3.3)						(341)						(1.2)						(9)						(0.1)
Provision for income taxes						$	4,829					24.1		%				$	5,968					20.5		%				$	5,704					21.7		%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred income tax assets and liabilities as of December 31 are as follows:

(in millions)						2024						2023
Deferred income tax assets:
Accrued expenses and allowances						$	1,055					$	754
U.S. federal and state net operating loss carryforwards						442						417
Share-based compensation						189						173
Nondeductible liabilities						343						329
Non-U.S. tax loss carryforwards						21						1,061
Lease liability						846						930
Net unrealized losses on investments						669						586
Other-domestic						597						327
Other-non-U.S.						59						484
Subtotal						4,221						5,061
Less: valuation allowances						(397)						(366)
Total deferred income tax assets						3,824						4,695
Deferred income tax liabilities:
U.S. federal and state intangible assets						(4,479)						(3,712)
Non-U.S. goodwill and intangible assets						(82)						(731)
Capitalized software						(288)						(415)
Depreciation and amortization						(400)						(371)
Prepaid expenses						(374)						(326)
Outside basis in partnerships						(960)						(811)
Lease right-of-use asset						(833)						(914)
Other-non-U.S.						(28)						(436)
Total deferred income tax liabilities						(7,444)						(7,716)
Net deferred income tax liabilities						$	(3,620)					$	(3,021)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending amount of unrecognized tax benefits as of December 31 is as follows:

(in millions)						2024						2023						2022
Gross unrecognized tax benefits, beginning of period						$	3,716					$	3,081					$	2,310
Gross increases:
Current year tax positions						578						782						586
Prior year tax positions						10						97						206
Gross decreases:
Prior year tax positions						(121)						(212)						(21)
Statute of limitations lapses and settlements						(60)						(32)						—
Gross unrecognized tax benefits, end of period						$	4,123					$	3,716					$	3,081

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