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Condensed Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
[1]
Noncontrolling Interests
Beginning balance at Dec. 31, 2024   $ 1,466 $ 4,181 $ (27,358) $ 26,145 $ (4,222) $ 332
Changes in Shareholders' Equity [Roll Forward]              
Net income $ 726       690   36
Other comprehensive income (loss), net of tax 107         105 2
Dividends         (422)    
Stock-based compensation expense     23        
Shares issued for stock options     18 22      
Shares issued for restricted stock awards     (21) 21      
Treasury stock acquired       (284)      
Other     1 (3)   1  
Ending balance at Mar. 31, 2025   1,466 4,202 (27,602) 26,413 (4,116) 370
Beginning balance at Dec. 31, 2025 365 1,466 4,322 (28,450) 26,595 (3,879) 311
Changes in Shareholders' Equity [Roll Forward]              
Net income 681       646   35
Other comprehensive income (loss), net of tax 3         8 (5)
Dividends         (425)    
Stock-based compensation expense     40        
Shares issued for stock options     56 71      
Shares issued for restricted stock awards     (29) 29      
Treasury stock acquired       (306)      
Other     1        
Ending balance at Mar. 31, 2026 $ 486 $ 1,466 $ 4,390 $ (28,656) $ 26,816 $ (3,871) $ 341
[1] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,343 at March 31, 2026 ($3,575 at March 31, 2025) and $3,351 at December 31, 2025 ($3,687 at December 31, 2024), and unrecognized retirement plan and other retiree benefits costs of $589 at March 31, 2026 ($600 at March 31, 2025) and $583 at December 31, 2025 ($605 at December 31, 2024).