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Capital Stock | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Capital Stock | Note 13. Capital Stock Our amended and restated articles of incorporation authorize 5.0 billion shares of Common Stock and 500 million shares of preferred stock. There were no preferred shares issued and outstanding at December 31, 2024, 2023 and 2022. Shares of Common Stock issued, in treasury and outstanding, were:
|  | Shares Issued |  | Treasury Shares |  | Shares Outstanding
Balance at January 1, 2022 |  | 1,996,537,778 |  |  | (604,907,239) |  |  | 1,391,630,539 |
Shares repurchased |  | — |  |  | (31,556,510) |  |  | (31,556,510) |
Exercise of stock options and issuance of other stock awards |  | — |  |  | 5,817,062 |  |  | 5,817,062 |
Balance at December 31, 2022 |  | 1,996,537,778 |  |  | (630,646,687) |  |  | 1,365,891,091 |
Shares repurchased |  | — |  |  | (22,564,627) |  |  | (22,564,627) |
Exercise of stock options and issuance of other stock awards |  | — |  |  | 5,156,241 |  |  | 5,156,241 |
Balance at December 31, 2023 |  | 1,996,537,778 |  |  | (648,055,073) |  |  | 1,348,482,705 |
Shares repurchased |  | — |  |  | (36,152,376) |  |  | (36,152,376) |
Exercise of stock options and issuance of other stock awards |  | — |  |  | 5,498,809 |  |  | 5,498,809 |
Balance at December 31, 2024 |  | 1,996,537,778 |  |  | (678,708,640) |  |  | 1,317,829,138 |
Stock plan awards to employees and non-employee directors are issued from treasury shares. At December 31, 2024, 71.9 million shares of Common Stock held in treasury were reserved for stock options and other stock awards. Share Repurchase Program Effective January 1, 2023, our Board of Directors approved a program authorizing the repurchase of $6.0 billion of our Common Stock through December 31, 2025. Repurchases under the program are determined by management and are wholly discretionary. During the year ended December 31, 2023, we repurchased approximately $1.6 billion of Common Stock pursuant to this authorization. During the year ended December 31, 2024, we repurchased approximately 36 million shares of Common Stock at an average cost of $65.51 per share, or an aggregate cost of approximately $2.4 billion, all of which was paid during the period except for approximately $67 million settled in January 2025. All share repurchases were funded through available cash and commercial paper issuances. On December 10, 2024, our Board of Directors approved a new program authorizing the repurchase of up to $9.0 billion of our Common Stock through December 31, 2027. This authorization, effective January 1, 2025, replaced our prior share repurchase program.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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