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Changes in Consolidated Shareholders' Equity for the Years Ended December 31 - USD ($)
$ in Millions
Total
Common stock
Treasury stock
Profit employed in the business
Accumulated other comprehensive income (loss)
Noncontrolling interests
Beginning balance at Dec. 31, 2021 $ 16,516 $ 6,398 $ (27,643) $ 39,282 $ (1,553) $ 32
Increase (Decrease) in Stockholders' Equity            
Profit of consolidated and affiliated companies 6,704     6,705   (1)
Foreign currency translation, net of tax (820)       (820)  
Pension and other postretirement benefits, net of tax 23       23  
Derivative financial instruments, net of tax 31       31  
Available-for-sale securities, net of tax (138)       (138)  
Dividends declared (2,473)     (2,473)   0
Distribution to noncontrolling interests (10)         (10)
Common shares issued from treasury stock for stock-based compensation 51 (74) 125      
Stock-based compensation expense 193 193        
Common shares repurchased (4,230)   (4,230)      
Other 44 43       1
Ending balance at Dec. 31, 2022 15,891 6,560 (31,748) 43,514 (2,457) 22
Increase (Decrease) in Stockholders' Equity            
Profit of consolidated and affiliated companies 10,332     10,335   (3)
Foreign currency translation, net of tax 546       546  
Pension and other postretirement benefits, net of tax (10)       (10)  
Derivative financial instruments, net of tax 39       39  
Available-for-sale securities, net of tax 62       62  
Change in ownership from noncontrolling interests (7)         (7)
Dividends declared (2,599)     (2,599)    
Common shares issued from treasury stock for stock-based compensation 12 (112) 124      
Stock-based compensation expense 208 208        
Common shares repurchased (4,675)   (4,675)      
Settlement of outstanding authorized accelerated share repurchase (300) (300)        
Other 4 47 (40)     (3)
Ending balance at Dec. 31, 2023 19,503 6,403 (36,339) 51,250 (1,820) 9
Increase (Decrease) in Stockholders' Equity            
Profit of consolidated and affiliated companies 10,788     10,792   (4)
Foreign currency translation, net of tax (528)       (528)  
Pension and other postretirement benefits, net of tax (12)       (12)  
Derivative financial instruments, net of tax (113)       (113)  
Available-for-sale securities, net of tax 2       2  
Dividends declared [1] (2,690)     (2,690)    
Common shares issued from treasury stock for stock-based compensation 20 (58) 78      
Stock-based compensation expense 223 223        
Common shares repurchased [2] (7,997)   (7,997)      
Settlement of outstanding authorized accelerated share repurchase 300 300        
Other (2) 73 (73)     (2)
Ending balance at Dec. 31, 2024 $ 19,494 $ 6,941 $ (44,331) $ 59,352 $ (2,471) $ 3
[1] Dividends per share of common stock of $5.53, $5.10 and $4.71 were declared in the years ended December 31, 2024, 2023 and 2022, respectively.
[2] See Note 16 regarding shares repurchased.