XML 71 R42.htm IDEA: XBRL DOCUMENT v3.25.1

Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Accelerated Share Repurchases

The following table summarizes the activity of our ASR agreement for the three months ended March 31, 2024:

(in millions, except average price paid per share)
ASR Agreement Initiation						Total Cost						Initial Shares Received						ASR Agreement Settlement						Additional Shares Received						Total Number of Shares Purchased						Average Price Paid per Share
March 2024						$	354					1.7						May 2024						0.2						1.9						$	182.65

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

The following tables present changes in AOCI, net of tax, by component:

Three Months Ended March 31, 2025			Gains (losses) on Cash Flow Hedges						Pension and OPEB Items(a)						Foreign Currency Items						Total
Beginning balance			$	(6)					$	(2,262)					$	(34)					$	(2,302)
OCI before reclassifications			—						(34)						8						(26)
Amounts reclassified from AOCI			2						17						—						19
Net current-period OCI			2						(17)						8						(7)
Ending balance			$	(4)					$	(2,279)					$	(26)					$	(2,309)
Three Months Ended March 31, 2024
Beginning balance			$	(10)					$	(2,157)					$	(24)					$	(2,191)
OCI before reclassifications			—						(3)						(3)						(6)
Amounts reclassified from AOCI			—						17						—						17
Net current-period OCI			—						14						(3)						11
Ending balance			$	(10)					$	(2,143)					$	(27)					$	(2,180)

__________

(a)AOCI amounts are included in the computation of net periodic pension and OPEB cost. See Note 9 — Retirement Benefits for additional information. See our Consolidated Statements of Operations and Comprehensive Income for individual components of AOCI.

The following table presents income tax (expense) benefit allocated to each component of our other comprehensive income (loss):

									Three Months Ended March 31,
															2025						2024
Pension and OPEB plans:
Actuarial loss reclassified to periodic benefit cost															$	(6)					$	(6)
Pension and OPEB plans valuation adjustment															12						2

X

- Definition

Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 30
-Name Accounting Standards Codification
-Section 25
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481138/505-30-25-5

+ Details

Name:	us-gaap_AcceleratedShareRepurchasesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration