XML 46 R34.htm IDEA: XBRL DOCUMENT
v3.25.3

Shareholders' Equity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Equity [Abstract] |
Schedule of Changes in AOCI | The following tables set forth the changes in AOCI by component for the three and nine months ended September 30, 2025 and 2024 (in millions).
| Three Months Ended September 30, 2025
| Foreign Currency Translation Adjustment |  | Deferred Gain (Loss) on Cash Flow Hedging Activities |  | Pension and Other Postretirement Benefit Liabilities |  | Unrealized Gain (Loss) on Investments |  | Accumulated Other Comprehensive Income (Loss)
Balance at July 1, 2025 | $ | (2,737) |  |  | $ | 74 |  |  | $ | (110) |  |  | $ | (19) |  |  | $ | (2,792) |
Other comprehensive income (loss) before reclassifications | 120 |  |  | 45 |  |  | 2 |  |  | — |  |  | 167 |
Gain (loss) on net investment hedges | 15 |  |  | — |  |  | — |  |  | — |  |  | 15 |
Amounts reclassified from AOCI | — |  |  | 22 |  |  | (3) |  |  | — |  |  | 19 |
Tax effect | (4) |  |  | (14) |  |  | (1) |  |  | — |  |  | (19) |
Net of tax amount | 131 |  |  | 53 |  |  | (2) |  |  | — |  |  | 182 |
Balance at September 30, 2025 | $ | (2,606) |  |  | $ | 127 |  |  | $ | (112) |  |  | $ | (19) |  |  | $ | (2,610) |
| Nine Months Ended September 30, 2025
| Foreign Currency Translation Adjustment |  | Deferred Gain (Loss) on Cash Flow Hedging Activities |  | Pension and Other Postretirement Benefit Liabilities |  | Unrealized Gain (Loss) on Investments |  | Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2025 | $ | (2,999) |  |  | $ | 126 |  |  | $ | (100) |  |  | $ | (15) |  |  | $ | (2,988) |
Other comprehensive income (loss) before reclassifications | 744 |  |  | (13) |  |  | (6) |  |  | (4) |  |  | 721 |
Gain (loss) on net investment hedges | (460) |  |  | — |  |  | — |  |  | — |  |  | (460) |
Amounts reclassified from AOCI | — |  |  | 16 |  |  | (9) |  |  | — |  |  | 7 |
Tax effect | 109 |  |  | (2) |  |  | 3 |  |  | — |  |  | 110 |
Net of tax amount | 393 |  |  | 1 |  |  | (12) |  |  | (4) |  |  | 378 |
Balance at September 30, 2025 | $ | (2,606) |  |  | $ | 127 |  |  | $ | (112) |  |  | $ | (19) |  |  | $ | (2,610) |
| Three Months Ended September 30, 2024
| Foreign Currency Translation Adjustment |  | Deferred Gain (Loss) on Cash Flow Hedging Activities |  | Pension and Other Postretirement Benefit Liabilities |  | Unrealized Gain (Loss) on Investments |  | Accumulated Other Comprehensive Income (Loss)
Balance at July 1, 2024 | $ | (2,818) |  |  | $ | 57 |  |  | $ | (113) |  |  | $ | (6) |  |  | $ | (2,880) |
Other comprehensive (loss) before reclassifications | 143 |  |  | (46) |  |  | (5) |  |  | — |  |  | 92 |
Loss on net investment hedges | (142) |  |  | — |  |  | — |  |  | — |  |  | (142) |
Amounts reclassified from AOCI | — |  |  | 49 |  |  | (3) |  |  | — |  |  | 46 |
Tax effect | 34 |  |  | 8 |  |  | 2 |  |  | — |  |  | 44 |
Net of tax amount | 35 |  |  | 11 |  |  | (6) |  |  | — |  |  | 40 |
Balance at September 30, 2024 | $ | (2,783) |  |  | $ | 68 |  |  | $ | (119) |  |  | $ | (6) |  |  | $ | (2,840) |
| Nine Months Ended September 30, 2024
| Foreign Currency Translation Adjustment |  | Deferred Gain (Loss) on Cash Flow Hedging Activities |  | Pension and Other Postretirement Benefit Liabilities |  | Unrealized Gain (Loss) on Investments |  | Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2024 | $ | (2,539) |  |  | $ | 158 |  |  | $ | (108) |  |  | $ | 2 |  |  | $ | (2,487) |
Other comprehensive income (loss) before reclassifications | (219) |  |  | (167) |  |  | (6) |  |  | (7) |  |  | (399) |
Gain (loss) on net investment hedges | (33) |  |  | — |  |  | — |  |  | — |  |  | (33) |
Amounts reclassified from AOCI | — |  |  | 52 |  |  | (9) |  |  | — |  |  | 43 |
Tax effect | 8 |  |  | 25 |  |  | 4 |  |  | (1) |  |  | 36 |
Net of tax amount | (244) |  |  | (90) |  |  | (11) |  |  | (8) |  |  | (353) |
Balance at September 30, 2024 | $ | (2,783) |  |  | $ | 68 |  |  | $ | (119) |  |  | $ | (6) |  |  | $ | (2,840) |
Schedule of Reclassifications out of AOCI | The following table sets forth the reclassifications out of AOCI related to deferred (gains) losses on cash flow hedging activities for the three and nine months ended September 30, 2025 and 2024 (in millions).
Affected line item in the Consolidated Statements of Earnings | Three Months Ended |  | Nine Months Ended |
September 30, |  | September 30,
2025 |  | 2024 |  | 2025 |  | 2024
Cost of products sold | $ | 22 |  |  | $ | 48 |  |  | $ | 16 |  |  | $ | 52 |  |
Earnings before income tax | 22 |  |  | 48 |  |  | 16 |  |  | 52 |  |
Income tax expense | (5) |  |  | (14) |  |  | (4) |  |  | (14) |  |
Net earnings | $ | 17 |  |  | $ | 34 |  |  | $ | 12 |  |  | $ | 38 |  |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration