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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Total
Capital Stock
Cap. in Excess of Par Value of Stock
Retained Earnings
Accumulated Other Comprehensive Income/(Loss) (Note 15)
Treasury Stock
Equity Attributable to Non-controlling Interests
Beginning balance at Dec. 31, 2024 $ 44,858 $ 44,835 $ 42 $ 23,502 $ 33,740 $ (9,639) $ (2,810) $ 23
Increase (Decrease) in Stockholders' Equity                
Net income/(loss) 473 471     471     2
Other comprehensive income/(loss), net 481 481       481    
Common Stock issued [1] 60 60   60        
Dividends and dividend equivalents declared [2] (1,212) (1,212)     (1,212)      
Ending balance at Mar. 31, 2025 44,660 44,635 42 23,562 32,999 (9,158) (2,810) 25
Beginning balance at Dec. 31, 2024 44,858 44,835 42 23,502 33,740 (9,639) (2,810) 23
Increase (Decrease) in Stockholders' Equity                
Net income/(loss) 444              
Other comprehensive income/(loss), net 1,396              
Ending balance at Jun. 30, 2025 45,081 45,057 42 23,715 32,352 (8,242) (2,810) 24
Beginning balance at Mar. 31, 2025 44,660 44,635 42 23,562 32,999 (9,158) (2,810) 25
Increase (Decrease) in Stockholders' Equity                
Net income/(loss) (29) (36)     (36)     7
Other comprehensive income/(loss), net 915 916       916   (1)
Common Stock issued [1] 153 153   153        
Dividends and dividend equivalents declared [2] (618) (611)     (611)     (7)
Ending balance at Jun. 30, 2025 45,081 45,057 42 23,715 32,352 (8,242) (2,810) 24
Beginning balance at Dec. 31, 2025 35,980 35,952 $ 42 23,922 22,508 (7,710) (2,810) 28
Increase (Decrease) in Stockholders' Equity                
Net income/(loss) 2,551 2,548     2,548     3
Other comprehensive income/(loss), net (170) (170)       (170)    
Common Stock issued (in shares) [1]     1          
Common Stock issued [1] (6) (6)   (7)        
Treasury stock/other  (260) (260)   (31)     (229)  
Dividends and dividend equivalents declared [2] (611) (611)     (611)      
Ending balance at Mar. 31, 2026 37,484 37,453 $ 43 23,884 24,445 (7,880) (3,039) 31
Beginning balance at Dec. 31, 2025 35,980 35,952 42 23,922 22,508 (7,710) (2,810) 28
Increase (Decrease) in Stockholders' Equity                
Net income/(loss) 1,229              
Other comprehensive income/(loss), net (62)              
Ending balance at Jun. 30, 2026 35,755 35,719 43 23,979 22,508 (7,772) (3,039) 36
Beginning balance at Mar. 31, 2026 37,484 37,453 43 23,884 24,445 (7,880) (3,039) 31
Increase (Decrease) in Stockholders' Equity                
Net income/(loss) (1,322) (1,327)     (1,327)     5
Other comprehensive income/(loss), net 108 108       108    
Common Stock issued [1] 95 95   95        
Dividends and dividend equivalents declared [2] (610) (610)     (610)      
Ending balance at Jun. 30, 2026 $ 35,755 $ 35,719 $ 43 $ 23,979 $ 22,508 $ (7,772) $ (3,039) $ 36
[1] Includes the effect of share-based compensation.
[2] Dividends and dividend equivalents declared for Common and Class B Stock. In the first quarter of 2025, in addition to a regular dividend of $0.15 per share, we declared a supplemental dividend of $0.15 per share.