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Equity
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
EQUITY
5.    EQUITY

Treasury Stock
We purchase shares of our outstanding common stock as authorized by our board of directors (Board), including under share purchase programs (described in the table below) and with respect to our employee stock-based compensation plans. During the three months ended March 31, 2024 and 2023, we purchased for treasury 6,633,843 shares and 10,993,341 shares, respectively.

Our Board authorized us to purchase shares of our outstanding common stock under various programs with no expiration dates as follows (in millions):
Program NameAnnouncement
Date
Total Cost
Authorized
Remaining
Available for
Purchase as of
March 31,
2024
September 2023 ProgramSeptember 15, 2023$2,500 $1,187 
February 2024 ProgramFebruary 22, 20242,500 2,500 
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive loss by component, net of tax, were as follows (in millions):
Three Months Ended March 31,
20242023
Foreign
Currency
Translation
Adjustment
Defined
Benefit
Plans
Items
Gains
(Losses)
on
Cash Flow
Hedges
TotalForeign
Currency
Translation
Adjustment
Defined
Benefit
Plans
Items
Gains
(Losses)
on
Cash Flow
Hedges
Total
Balance as of beginning
of period
$(735)$(162)$27 $(870)$(1,168)$(183)$(8)$(1,359)
Other comprehensive
income (loss) before
reclassifications
(148)— (23)(171)137 — 37 174 
Amounts reclassified
from accumulated
other comprehensive
loss
— (4)(9)(13)— (7)(15)(22)
Effect of exchange rates— (1)— (1)— — 
Other comprehensive
income (loss)
(148)(5)(32)(185)137 (5)22 154 
Balance as of end of
period
$(883)$(167)$(5)$(1,055)$(1,031)$(188)$14 $(1,205)