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CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY - USD ($)
$ in Millions
Total
Common stock
Capital in excess of par value
Retained earnings
Accumulated  other comprehensive (loss) income
Treasury stock
Non-controlling interest
Shareholders' equity, beginning balance, shares at Dec. 31, 2023   275,700,000          
Shareholders' equity, beginning balance at Dec. 31, 2023 $ 14,642 $ 35 $ 19,874 $ (2,439) $ (1,896) $ (963) $ 31
Treasury stock, beginning balance (in shares) at Dec. 31, 2023           20,400,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 233     230     3
Other Comprehensive income (loss) (419)       (419)    
Cash dividends declared (204)     (204)      
Stock options/SSARs (1)   (2)     $ 1  
Vested restricted stock units and awards (5)   (21)     $ 16  
Vested restricted stock units and awards, shares           300,000  
Stock-based compensation 43   43        
Other 2     (1)     3
Shareholders' equity, ending balance, shares at Jun. 30, 2024   275,700,000          
Shareholders' equity, ending balance at Jun. 30, 2024 $ 14,291 $ 35 19,894 (2,414) (2,315) $ (946) 37
Treasury stock, ending balance (in shares) at Jun. 30, 2024           20,100,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared per share, in dollars per share $ 0.80            
Shareholders' equity, beginning balance, shares at Mar. 31, 2024   275,700,000          
Shareholders' equity, beginning balance at Mar. 31, 2024 $ 14,326 $ 35 19,889 (2,481) (2,191) $ (961) 35
Treasury stock, beginning balance (in shares) at Mar. 31, 2024           20,400,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 172     170     2
Other Comprehensive income (loss) (124)       (124)    
Cash dividends declared (102)     (102)      
Vested restricted stock units and awards (5)   (20)     $ 15  
Vested restricted stock units and awards, shares           300,000  
Stock-based compensation 25   25        
Other (1)     (1)      
Shareholders' equity, ending balance, shares at Jun. 30, 2024   275,700,000          
Shareholders' equity, ending balance at Jun. 30, 2024 $ 14,291 $ 35 19,894 (2,414) (2,315) $ (946) 37
Treasury stock, ending balance (in shares) at Jun. 30, 2024           20,100,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Maximum dividend threshold per quarter (in dollars per share) $ 0.40            
Dividends declared per share, in dollars per share $ 0.40            
Shareholders' equity, beginning balance, shares at Dec. 31, 2024   275,700,000          
Shareholders' equity, beginning balance at Dec. 31, 2024 $ 13,911 $ 35 19,917 (2,605) (2,527) $ (944) 35
Treasury stock, beginning balance (in shares) at Dec. 31, 2024 20,000,000.0         20,000,000.0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) $ (405)     (406)     1
Other Comprehensive income (loss) 1,112       1,112    
Cash dividends declared (204)     (204)      
Stock options/SSARs 0   (1)     $ 1  
Vested restricted stock units and awards (25)   (51)     $ 26  
Vested restricted stock units and awards, shares           600,000  
Stock-based compensation 51   51        
Impact from business divestitures (4)           (4)
Shareholders' equity, ending balance, shares at Jun. 30, 2025   275,700,000          
Shareholders' equity, ending balance at Jun. 30, 2025 $ 14,436 $ 35 19,916 (3,215) (1,415) $ (917) 32
Treasury stock, ending balance (in shares) at Jun. 30, 2025 19,400,000         19,400,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends declared per share, in dollars per share $ 0.80            
Shareholders' equity, beginning balance, shares at Mar. 31, 2025   275,700,000          
Shareholders' equity, beginning balance at Mar. 31, 2025 $ 13,213 $ 35 19,932 (3,725) (2,123) $ (942) 36
Treasury stock, beginning balance (in shares) at Mar. 31, 2025           20,000,000.0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 612     612     0
Other Comprehensive income (loss) 708       708    
Cash dividends declared (102)     (102)      
Stock options/SSARs (1)   (1)        
Vested restricted stock units and awards (22)   (47)     $ 25  
Vested restricted stock units and awards, shares           600,000  
Stock-based compensation 32   32        
Shareholders' equity, ending balance, shares at Jun. 30, 2025   275,700,000          
Shareholders' equity, ending balance at Jun. 30, 2025 $ 14,436 $ 35 $ 19,916 $ (3,215) $ (1,415) $ (917) $ 32
Treasury stock, ending balance (in shares) at Jun. 30, 2025 19,400,000         19,400,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Maximum dividend threshold per quarter (in dollars per share) $ 0.40            
Dividends declared per share, in dollars per share $ 0.40