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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Unearned Compensation
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
[1]
Noncontrolling Interests
Beginning balance at Dec. 31, 2020   $ 1,466 $ 2,969 $ (1) $ (23,045) $ 23,699 $ (4,345) $ 358
Changes in Shareholders' Equity [Roll Forward]                
Net income $ 728         681   47
Other comprehensive income (loss), net of tax (113)           (110) (3)
Dividends [2]           (756)   0
Stock-based compensation expense     38          
Shares issued for stock options     13   22      
Shares issued for restricted stock units     (11)   11      
Treasury stock acquired         (372)      
Other     2 1       (1)
Ending balance at Mar. 31, 2021   1,466 3,011 0 (23,384) 23,624 (4,455) 401
Beginning balance at Dec. 31, 2021 971 1,466 3,269 (1) (24,089) 24,350 (4,386) 362
Changes in Shareholders' Equity [Roll Forward]                
Net income 603         559   44
Other comprehensive income (loss), net of tax 135           137 (2)
Dividends [2]           (760)    
Stock-based compensation expense     29          
Shares issued for stock options     77   77      
Shares issued for restricted stock units     (22)   22      
Treasury stock acquired         (410)      
Other     2 1 (1)   1 3
Ending balance at Mar. 31, 2022 $ 728 $ 1,466 $ 3,355 $ 0 $ (24,401) $ 24,149 $ (4,248) $ 407
[1] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,269 at March 31, 2022 ($3,313 at March 31, 2021) and $3,349 at December 31, 2021 ($3,158 at December 31, 2020), respectively, and unrecognized retirement plan and other retiree benefits costs of $1,030 at March 31, 2022 ($1,176 at March 31, 2021) and $1,044 at December 31, 2021 ($1,178 at December 31, 2020), respectively.
[2] Two dividends were declared in each of the first quarters of 2022 and 2021.