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Share Repurchase Transactions and Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Share Repurchases Transactions and Other Comprehensive Loss

NOTE 9 — SHARE REPURCHASE TRANSACTIONS AND OTHER COMPREHENSIVE LOSS

During January 2025 and 2024, our Board of Directors authorized share repurchase programs for up to $10 billion and $6 billion, respectively, of our outstanding common stock. During the nine months ended September 30, 2025, we repurchased 21.307 million shares of our common stock at an average price of $352.40 per share through market purchases pursuant to the January 2024 authorization (which was completed during the first quarter of 2025) and the January 2025 authorization. At September 30, 2025, we had $3.256 billion of repurchase authorization available under the January 2025 authorization.

NOTE 9 — SHARE REPURCHASE TRANSACTIONS AND OTHER COMPREHENSIVE LOSS (continued)

The components of accumulated other comprehensive loss are as follows (dollars in millions):

 

Unrealized
Gains (Losses) on
Available-for-Sale
Securities

 

 

Foreign
Currency
Translation
Adjustments

 

 

Defined
Benefit
Plans

 

 

Total

 

Balances at December 31, 2024

$

(21

)

 

$

(353

)

 

$

(13

)

 

$

(387

)

Unrealized gains on available-for-sale
   securities, net of $3 of income taxes

 

9

 

 

 

 

 

 

 

 

 

9

 

Foreign currency translation adjustments, net
   of $10 of income taxes

 

 

 

 

61

 

 

 

 

 

 

61

 

Balances at September 30, 2025

$

(12

)

 

$

(292

)

 

$

(13

)

 

$

(317

)