XML 25 R14.htm IDEA: XBRL DOCUMENT v3.26.1
Equity
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
EQUITY
6.    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. We purchased for treasury 9,011,171 shares and 2,567,930 shares for the three months ended June 30, 2026 and 2025, respectively, and 11,338,194 shares and 4,642,535 shares for the six months ended June 30, 2026 and 2025, 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 NameAuthorization
Date
Total Cost
Authorized
Completion of
Authorized Share
Purchases
Remaining
Available for
Purchase as of
June 30, 2026
September 2024 ProgramSeptember 19, 2024$2,500 Second quarter of 2026$— 
February 2026 ProgramFebruary 25, 20262,500 n/a1,422 
On July 16, 2026, our Board authorized us to purchase shares of our outstanding common stock for a total cost of up to $5.0 billion with no expiration date, which is in addition to the amount remaining under the February 2026 Program.

Common Stock Dividends
On July 16, 2026, our Board declared a quarterly cash dividend of $1.20 per common share payable on August 31, 2026 to holders of record at the close of business on July 31, 2026.
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,
20262025
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
$(792)$127 $(47)$(712)$(1,102)$(2)$(5)$(1,109)
Other comprehensive
income (loss) before
reclassifications
(15)— 16 554 — 555 
Amounts reclassified
from accumulated
other comprehensive
loss
— (2)40 38 — (2)(2)(4)
Effect of exchange rates— — — — — — 
Other comprehensive
income (loss)
(15)(2)56 39 554 (1)556 
Balance as of end of
period
$(807)$125 $$(673)$(548)$$(6)$(553)

Six Months Ended June 30,
20262025
Foreign
Currency
Translation
Adjustment
Defined
Benefit
Plans
Items
Gains
(Losses)
on
Cash Flow
Hedges
TotalForeign
Currency
Translation
Adjustment
Defined
Benefit
Plans
Items
Losses
on
Cash Flow
Hedges
Total
Balance as of beginning
of period
$(602)$130 $$(469)$(1,264)$(2)$(6)$(1,272)
Other comprehensive
income (loss) before
reclassifications
(205)— (58)(263)716 — — 716 
Amounts reclassified
from accumulated
other comprehensive
loss
— (3)64 61 — (4)— (4)
Effect of exchange rates— (2)— (2)— — 
Other comprehensive
income (loss)
(205)(5)(204)716 — 719 
Balance as of end of
period
$(807)$125 $$(673)$(548)$$(6)$(553)