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CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Accumulated Other Comprehensive Income (Loss)
Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Non-Controlling Interest
Balance as of beginning of period at Dec. 31, 2021 $ 7,094 $ (989) $ 9 $ (529) $ 5,411 $ 2,865 $ 327
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,387         1,379 8
Other comprehensive income (loss), net of tax (308) (308)          
Shares issued under incentive plans, net (17)       (17)    
Stock-based compensation 21       21    
Dividends attributable to non-controlling interest (1)           (1)
Sale of non-controlling interest (5)           (5)
Treasury stock repurchase (741)     (741)      
Balance as of end of period at Mar. 31, 2022 7,430 (1,297) 9 (1,270) 5,415 4,244 329
Balance as of beginning of period at Dec. 31, 2021 7,094 (989) 9 (529) 5,411 2,865 327
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,974            
Other comprehensive income (loss), net of tax (795)            
Balance as of end of period at Jun. 30, 2022 6,992 (1,775) 9 (1,543) 5,441 4,564 296
Balance as of beginning of period at Dec. 31, 2021 7,094 (989) 9 (529) 5,411 2,865 327
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock repurchase (1,900)            
Balance as of end of period at Dec. 31, 2022 8,076 (1,688) 9 (1,910) 5,481 5,866 318
Balance as of beginning of period at Mar. 31, 2022 7,430 (1,297) 9 (1,270) 5,415 4,244 329
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 587         573 14
Other comprehensive income (loss), net of tax (487) (478)         (9)
Dividends declared on common stock [1] (253)         (253)  
Conversion of cash settled awards 6       6    
Stock-based compensation 20       20    
Dividends attributable to non-controlling interest (38)           (38)
Treasury stock repurchase (273)     (273)      
Balance as of end of period at Jun. 30, 2022 6,992 (1,775) 9 (1,543) 5,441 4,564 296
Balance as of beginning of period at Dec. 31, 2022 8,076 (1,688) 9 (1,910) 5,481 5,866 318
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 387         373 14
Other comprehensive income (loss), net of tax 54 52         2
Shares issued under incentive plans, net (9)       (9)    
Stock-based compensation 22       22    
Dividends attributable to non-controlling interest (41)           (41)
Treasury stock repurchase (62)     (62)      
Balance as of end of period at Mar. 31, 2023 8,468 (1,636) 9 (1,972) 5,494 6,239 334
Balance as of beginning of period at Dec. 31, 2022 8,076 (1,688) 9 (1,910) 5,481 5,866 318
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 620            
Other comprehensive income (loss), net of tax (9)            
Treasury stock repurchase (62)            
Balance as of end of period at Jun. 30, 2023 8,288 (1,691) 9 (1,972) 5,494 6,129 319
Balance as of beginning of period at Mar. 31, 2023 8,468 (1,636) 9 (1,972) 5,494 6,239 334
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 233         199 34
Other comprehensive income (loss), net of tax (63) (55)         (8)
Shares issued under incentive plans, net (18)       (18)    
Dividends declared on common stock [2] (309)         (309)  
Stock-based compensation 18       18    
Balance as of end of period at Jun. 30, 2023 $ 8,288 $ (1,691) $ 9 $ (1,972) $ 5,494 $ 6,129 $ 319
[1] (2) Cash dividends declared were $0.30 per share for the three months ended June 30, 2022
[2] (1) Cash dividends declared were $0.38 per share for the three months ended June 30, 2023