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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
Total
Preferred Stock
Common Stock and Additional Paid-in Capital
Right to Recover for Covered Losses
Accumulated Income
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Sep. 30, 2022   5        
Balance as of beginning of period at Sep. 30, 2022 $ 35,581 $ 2,324 [1] $ 19,545 $ (35) $ 16,116 $ (2,369)
Beginning balance (in shares) at Sep. 30, 2022     1,890      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 8,436       8,436  
Other comprehensive income (loss) 1,379         1,379
VE territory covered losses incurred (15)     (15)    
Recovery through conversion rate adjustment 1 $ (14)   15    
Conversion to class A common stock (in shares)   0 [2] 7      
Conversion to class A common stock 0 $ (425) $ 425      
Share-based compensation 400   $ 400      
Stock issued under equity plans (in shares)     3      
Stock issued under equity plans 118   $ 118      
Restricted stock and performance-based shares settled in cash for taxes (in shares) [2]     0      
Restricted stock and performance-based shares settled in cash for taxes (118)   $ (118)      
Cash dividends declared and paid, at a quarterly amount per class A common stock (1,886)       (1,886)  
Repurchase of class A common stock (in shares)     (26)      
Repurchase of class A common stock (5,331)   $ (275)   (5,056)  
Ending balance (in shares) at Mar. 31, 2023   5        
Balance as of end of period at Mar. 31, 2023 38,565 $ 1,885 [1] $ 20,095 (35) 17,610 (990)
Ending balance (in shares) at Mar. 31, 2023     1,874      
Beginning balance (in shares) at Dec. 31, 2022   5        
Balance as of beginning of period at Dec. 31, 2022 36,924 $ 1,981 $ 19,827 (28) 16,403 (1,259)
Beginning balance (in shares) at Dec. 31, 2022     1,881      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 4,257       4,257  
Other comprehensive income (loss) 269         269
VE territory covered losses incurred (7)     (7)    
Conversion to class A common stock (in shares)   0 [3] 2      
Conversion to class A common stock 0 $ (96) $ 96      
Share-based compensation 223   $ 223      
Stock issued under equity plans (in shares)     1      
Stock issued under equity plans 62   $ 62      
Restricted stock and performance-based shares settled in cash for taxes (in shares) [3]     0      
Restricted stock and performance-based shares settled in cash for taxes (6)   $ (6)      
Cash dividends declared and paid, at a quarterly amount per class A common stock (941)       (941)  
Repurchase of class A common stock (in shares)     (10)      
Repurchase of class A common stock (2,216)   $ (107)   (2,109)  
Ending balance (in shares) at Mar. 31, 2023   5        
Balance as of end of period at Mar. 31, 2023 $ 38,565 $ 1,885 [1] $ 20,095 (35) 17,610 (990)
Ending balance (in shares) at Mar. 31, 2023     1,874      
Beginning balance (in shares) at Sep. 30, 2023 5 5        
Balance as of beginning of period at Sep. 30, 2023 $ 38,733 $ 1,698 [4] $ 20,452 (140) 18,040 (1,317)
Beginning balance (in shares) at Sep. 30, 2023     1,849      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 9,553       9,553  
Other comprehensive income (loss) 319         319
VE territory covered losses incurred (60)     (60)    
Recovery through conversion rate adjustment 0 $ (25)   25    
Conversion to class A common stock (in shares)   0 [5] 2      
Conversion to class A common stock 0 $ (71) $ 71      
Share-based compensation 451   $ 451      
Stock issued under equity plans (in shares)     3      
Stock issued under equity plans 183   $ 183      
Restricted stock and performance-based shares settled in cash for taxes (in shares)     (1)      
Restricted stock and performance-based shares settled in cash for taxes (181)   $ (181)      
Cash dividends declared and paid, at a quarterly amount per class A common stock (2,120)       (2,120)  
Repurchase of class A common stock (in shares)     (25)      
Repurchase of class A common stock $ (6,393)   $ (267)   (6,126)  
Ending balance (in shares) at Mar. 31, 2024 5 5        
Balance as of end of period at Mar. 31, 2024 $ 40,485 $ 1,602 [4] $ 20,709 (175) 19,347 (998)
Ending balance (in shares) at Mar. 31, 2024     1,828      
Beginning balance (in shares) at Dec. 31, 2023   5        
Balance as of beginning of period at Dec. 31, 2023 39,733 $ 1,615 $ 20,490 (139) 18,422 (655)
Beginning balance (in shares) at Dec. 31, 2023     1,836      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 4,663       4,663  
Other comprehensive income (loss) (343)         (343)
VE territory covered losses incurred (36)     (36)    
Conversion to class A common stock (in shares)   0 [6] 1      
Conversion to class A common stock 0 $ (13) $ 13      
Share-based compensation 242   $ 242      
Stock issued under equity plans (in shares)     1      
Stock issued under equity plans 79   $ 79      
Restricted stock and performance-based shares settled in cash for taxes (in shares) [6]     0      
Restricted stock and performance-based shares settled in cash for taxes (9)   $ (9)      
Cash dividends declared and paid, at a quarterly amount per class A common stock (1,060)       (1,060)  
Repurchase of class A common stock (in shares)     (10)      
Repurchase of class A common stock $ (2,784)   $ (106)   (2,678)  
Ending balance (in shares) at Mar. 31, 2024 5 5        
Balance as of end of period at Mar. 31, 2024 $ 40,485 $ 1,602 [4] $ 20,709 $ (175) $ 19,347 $ (998)
Ending balance (in shares) at Mar. 31, 2024     1,828      
[1] As of March 31, 2023 and September 30, 2022, the book value of series A preferred stock was $627 million and $1.0 billion, respectively. Refer to Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock.
[2] Increase or decrease is less than one million shares.
[3] Increase or decrease is less than one million shares.
[4] As of March 31, 2024 and September 30, 2023, the book value of series A preferred stock was $385 million and $456 million, respectively. Refer to Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock
[5] Increase or decrease is less than one million shares.
[6] Increase or decrease is less than one million shares.