Equity

3 Months Ended

Mar. 31, 2025

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 months ended March 31, 2025 and 2024, we purchased for treasury 2,074,605 shares and 6,633,843 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 Name	Authorization Date	Total Cost Authorized		Remaining Available for Purchase as of March 31, 2025
February 2024 Program	February 22, 2024	$	2,500	$	1,583
September 2024 Program	September 19, 2024	2,500		2,500

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss by component, net of tax, were as follows (in millions):

	Three Months Ended March 31,
	2025								2024
	Foreign Currency Translation Adjustment		Defined Benefit Plans Items		Gains (Losses) on Cash Flow Hedges		Total		Foreign Currency Translation Adjustment		Defined Benefit Plans Items		Gains (Losses) on Cash Flow Hedges		Total
Balance as of beginning of period	$	(1,264)	$	(2)	$	(6)	$	(1,272)	$	(735)	$	(162)	$	27	$	(870)
Other comprehensive income (loss) before reclassifications	162		—		(1)		161		(148)		—		(23)		(171)
Amounts reclassified from accumulated other comprehensive loss	—		(2)		2		—		—		(4)		(9)		(13)
Effect of exchange rates	—		2		—		2		—		(1)		—		(1)
Other comprehensive income (loss)	162		—		1		163		(148)		(5)		(32)		(185)
Balance as of end of period	$	(1,102)	$	(2)	$	(5)	$	(1,109)	$	(883)	$	(167)	$	(5)	$	(1,055)