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Equity
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2024, we purchased for treasury 6,622,185 shares and 13,256,028 shares, respectively. During the three and six months ended June 30, 2023, we purchased for treasury 8,421,452 shares and 19,414,793 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
June 30, 2024
September 2023 ProgramSeptember 15, 2023$2,500 $145 
February 2024 ProgramFebruary 22, 20242,500 2,500 
Common Stock Dividends
On July 18, 2024, our Board declared a quarterly cash dividend of $1.07 per common share payable on September 3, 2024 to holders of record at the close of business on August 1, 2024.
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive loss by component, net of tax, were as follows (in millions):
Three Months Ended June 30,
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
$(883)$(167)$(5)$(1,055)$(1,031)$(188)$14 $(1,205)
Other comprehensive
income (loss) before
reclassifications
(110)— (102)257 — 12 269 
Amounts reclassified
from accumulated
other comprehensive
loss
— (3)(12)(15)— (6)(30)(36)
Effect of exchange rates— — — — — — 
Other comprehensive
income (loss)
(110)(3)(4)(117)257 (5)(18)234 
Balance as of end of
period
$(993)$(170)$(9)$(1,172)$(774)$(193)$(4)$(971)
Six Months Ended June 30,
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
(258)— (15)(273)394 — 49 443 
Amounts reclassified
from accumulated
other comprehensive
loss
— (7)(21)(28)— (13)(45)(58)
Effect of exchange rates— (1)— (1)— — 
Other comprehensive
income (loss)
(258)(8)(36)(302)394 (10)388 
Balance as of end of
period
$(993)$(170)$(9)$(1,172)$(774)$(193)$(4)$(971)