Equity

9 Months Ended

Sep. 30, 2026

Equity [Abstract]

EQUITY

6.    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. We purchased for treasury 9,056,938 shares and 5,667,134 shares for the three months ended September 30, 2026 and 2025, respectively, and 20,395,132 shares and 10,309,669 shares for the nine months ended September 30, 2026 and 2025, 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		Completion of Authorized Share Purchases	Remaining Available for Purchase as of September 30, 2026
September 2024 Program	September 19, 2024	$	2,500	Second quarter of 2026	$	—
February 2026 Program	February 25, 2026	2,500		Third quarter of 2026	—
July 2026 Program	July 16, 2026	5,000		n/a	3,029

On October 27, 2026, our Board authorized us to purchase shares of our outstanding common stock for a total cost of up to $10.0 billion with no expiration date, which is in addition to the amount remaining under the July 2026 Program.

Common Stock Dividends

On October 27, 2026, our Board declared a quarterly cash dividend of $1.20 per common share payable on December 21, 2026 to holders of record at the close of business on November 24, 2026.

Accumulated Other Comprehensive Loss

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

	Three Months Ended September 30,
	2026								2025
	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	$	(807)	$	125	$	9	$	(673)	$	(548)	$	1	$	(6)	$	(553)
Other comprehensive loss before reclassifications	(55)		—		(104)		(159)		(155)		—		(6)		(161)
Amounts reclassified from accumulated other comprehensive loss	—		(2)		36		34		—		(1)		9		8
Effect of exchange rates	—		1		—		1		—		(2)		—		(2)
Other comprehensive income (loss)	(55)		(1)		(68)		(124)		(155)		(3)		3		(155)
Balance as of end of period	$	(862)	$	124	$	(59)	$	(797)	$	(703)	$	(2)	$	(3)	$	(708)

	Nine Months Ended September 30,
	2026								2025
	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	$	(602)	$	130	$	3	$	(469)	$	(1,264)	$	(2)	$	(6)	$	(1,272)
Other comprehensive income (loss) before reclassifications	(260)		—		(162)		(422)		561		—		(6)		555
Amounts reclassified from accumulated other comprehensive loss	—		(5)		100		95		—		(5)		9		4
Effect of exchange rates	—		(1)		—		(1)		—		5		—		5
Other comprehensive income (loss)	(260)		(6)		(62)		(328)		561		—		3		564
Balance as of end of period	$	(862)	$	124	$	(59)	$	(797)	$	(703)	$	(2)	$	(3)	$	(708)