XML 15 R5.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Viessmann
Accumulated Other Comprehensive Income (Loss)
Common Stock
Treasury Stock
Additional Paid-In Capital
Additional Paid-In Capital
Viessmann
Retained Earnings
Non-Controlling Interest
Balance as of beginning of period at Dec. 31, 2023 $ 9,005   $ (1,486) $ 9 $ (1,972) $ 5,535   $ 6,591 $ 328
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net earnings (loss) 289             269 20
Other comprehensive income (loss), net of tax (389)   (386)           (3)
Shares issued under incentive plans, net (22)         (22)      
Stock-based compensation 23         23      
Acquisition of VCS Business 3,000         3,000      
Balance as of end of period at Mar. 31, 2024 11,906   (1,872) 9 (1,972) 8,536   6,860 345
Balance as of beginning of period at Dec. 31, 2023 9,005   (1,486) 9 (1,972) 5,535   6,591 328
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net earnings (loss) 2,658                
Other comprehensive income (loss), net of tax (204)                
Balance as of end of period at Jun. 30, 2024 14,079   (1,686) 9 (1,972) 8,563   8,854 311
Balance as of beginning of period at Mar. 31, 2024 11,906   (1,872) 9 (1,972) 8,536   6,860 345
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net earnings (loss) 2,369             2,337 32
Other comprehensive income (loss), net of tax 185   186           (1)
Dividends declared on common stock [1] (343)             (343)  
Shares issued under incentive plans, net 2         2      
Stock-based compensation 25         25      
Dividends attributable to non-controlling interest (65)               (65)
Balance as of end of period at Jun. 30, 2024 14,079   (1,686) 9 (1,972) 8,563   8,854 311
Balance as of beginning of period at Dec. 31, 2024 14,395   (2,106) 9 (3,915) 8,610   11,483 314
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net earnings (loss) 437             412 25
Other comprehensive income (loss), net of tax 633   633            
Shares issued under incentive plans, net (17)         (17)      
Stock-based compensation 23         23      
Treasury stock repurchase (1,273)       (1,273)        
Dividends attributable to non-controlling interest (76)               (76)
Balance as of end of period at Mar. 31, 2025 14,198   (1,473) 9 (5,188) 8,616   11,895 339
Balance as of beginning of period at Dec. 31, 2024 14,395   (2,106) 9 (3,915) 8,610   11,483 314
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net earnings (loss) 1,070                
Other comprehensive income (loss), net of tax 1,696                
Balance as of end of period at Jun. 30, 2025 15,014   (413) 9 (5,522) 8,338   12,294 308
Balance as of beginning of period at Mar. 31, 2025 14,198   (1,473) 9 (5,188) 8,616   11,895 339
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net earnings (loss) 633             591 42
Other comprehensive income (loss), net of tax 1,063   1,060           3
Dividends declared on common stock [2] (192)             (192)  
Shares issued under incentive plans, net 1         1      
Stock-based compensation 21         21      
Treasury stock repurchase (334)       (334)        
Share repurchase with Viessmann   $ (300)         $ (300)    
Balance as of end of period at Jun. 30, 2025 $ 15,014   $ (413) $ 9 $ (5,522) $ 8,338   $ 12,294 $ 308
[1]
(2) Cash dividends declared were $0.38 per share for the three months ended June 30, 2024
[2]
(1) Cash dividends declared were $0.45 per share for the three months ended June 30, 2025