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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
COMMON SHARES
ADDITIONAL PAID-IN CAPITAL:
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS), NET OF DEFERRED INCOME TAXES:
RETAINED EARNINGS:
TREASURY SHARES AT COST:
Balance beginning of period (in shares) at Dec. 31, 2023   43.4        
Balance beginning of period at Dec. 31, 2023   $ 1 $ 3,773 $ (934) $ 14,270 $ (3,908)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issued (redeemed) during the period, net (in shares)   0.2        
Treasury shares acquired (in shares)   (0.3)        
Share-based compensation plans     12      
Net increase (decrease) during the period $ (227)     (227)    
Net income (loss) 1,457       1,457  
Dividends declared ($2.00 per share in 2Q 2025 and $4.00 per share YTD in 2025; $2.00 per share in 2Q 2024 and $3.75 per share YTD in 2024)         (163)  
Purchase of treasury shares           (100)
Balance ending of period (in shares) at Jun. 30, 2024   43.3        
Balance ending of period at Jun. 30, 2024 14,182 $ 1 3,785 (1,160) 15,565 (4,008)
Balance beginning of period (in shares) at Mar. 31, 2024   43.5        
Balance beginning of period at Mar. 31, 2024   $ 1 3,768 (1,125) 14,927 (3,943)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Treasury shares acquired (in shares)   (0.2)        
Share-based compensation plans     17      
Net increase (decrease) during the period (36)     (36)    
Net income (loss) 724       724  
Dividends declared ($2.00 per share in 2Q 2025 and $4.00 per share YTD in 2025; $2.00 per share in 2Q 2024 and $3.75 per share YTD in 2024)         (86)  
Purchase of treasury shares           (65)
Balance ending of period (in shares) at Jun. 30, 2024   43.3        
Balance ending of period at Jun. 30, 2024 $ 14,182 $ 1 3,785 (1,160) 15,565 (4,008)
Balance beginning of period (in shares) at Dec. 31, 2024 74.3 43.0        
Balance beginning of period at Dec. 31, 2024 $ 13,875 $ 1 3,812 (1,138) 15,309 (4,108)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issued (redeemed) during the period, net (in shares)   0.1        
Treasury shares acquired (in shares)   (1.2)        
Share-based compensation plans     6      
Net increase (decrease) during the period 817     817    
Net income (loss) $ 890       890  
Dividends declared ($2.00 per share in 2Q 2025 and $4.00 per share YTD in 2025; $2.00 per share in 2Q 2024 and $3.75 per share YTD in 2024)         (169)  
Purchase of treasury shares           (400)
Balance ending of period (in shares) at Jun. 30, 2025 74.4 41.9        
Balance ending of period at Jun. 30, 2025 $ 15,019 $ 1 3,818 (321) 16,030 (4,508)
Balance beginning of period (in shares) at Mar. 31, 2025   42.5        
Balance beginning of period at Mar. 31, 2025   $ 1 3,799 (786) 15,434 (4,308)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Treasury shares acquired (in shares)   (0.6)        
Share-based compensation plans     19      
Net increase (decrease) during the period 465     465    
Net income (loss) $ 680       680  
Dividends declared ($2.00 per share in 2Q 2025 and $4.00 per share YTD in 2025; $2.00 per share in 2Q 2024 and $3.75 per share YTD in 2024)         (84)  
Purchase of treasury shares           (200)
Balance ending of period (in shares) at Jun. 30, 2025 74.4 41.9        
Balance ending of period at Jun. 30, 2025 $ 15,019 $ 1 $ 3,818 $ (321) $ 16,030 $ (4,508)