Equity

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2025, we purchased for treasury 2,567,930 shares and 4,642,535 shares, respectively. During the three and six months ended June 30, 2024, we purchased for treasury 6,622,185 shares and 13,256,028 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 June 30, 2025
February 2024 Program	February 22, 2024	$	2,500	$	1,241
September 2024 Program	September 19, 2024	2,500		2,500

Common Stock Dividends

On July 17, 2025, our Board declared a quarterly cash dividend of $1.13 per common share payable on September 2, 2025 to holders of record at the close of business on July 31, 2025.

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,
	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	$	(1,102)	$	(2)	$	(5)	$	(1,109)	$	(883)	$	(167)	$	(5)	$	(1,055)
Other comprehensive income (loss) before reclassifications	554		—		1		555		(110)		—		8		(102)
Amounts reclassified from accumulated other comprehensive loss	—		(2)		(2)		(4)		—		(3)		(12)		(15)
Effect of exchange rates	—		5		—		5		—		—		—		—
Other comprehensive income (loss)	554		3		(1)		556		(110)		(3)		(4)		(117)
Balance as of end of period	$	(548)	$	1	$	(6)	$	(553)	$	(993)	$	(170)	$	(9)	$	(1,172)

	Six Months Ended June 30,
	2025								2024
	Foreign Currency Translation Adjustment		Defined Benefit Plans Items		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	716		—		—		716		(258)		—		(15)		(273)
Amounts reclassified from accumulated other comprehensive loss	—		(4)		—		(4)		—		(7)		(21)		(28)
Effect of exchange rates	—		7		—		7		—		(1)		—		(1)
Other comprehensive income (loss)	716		3		—		719		(258)		(8)		(36)		(302)
Balance as of end of period	$	(548)	$	1	$	(6)	$	(553)	$	(993)	$	(170)	$	(9)	$	(1,172)