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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)
Noncontrolling Interests
Beginning balance at Dec. 31, 2020   $ 1,466 $ 2,969 $ (1) $ (23,045) $ 23,699 $ (4,345) [1] $ 358
Changes in Shareholders' Equity [Roll Forward]                
Net income $ 1,469         1,384    
Net income attributable to noncontrolling interest 85             85
Other comprehensive income (loss), net of tax (26)           (23) [1] (3)
Dividends [2]           (1,137)   (42)
Stock-based compensation expense     58          
Shares issued for stock options     67   80      
Shares issued for restricted stock units     (12)   12      
Treasury stock acquired         (713)      
Other     3 1 1      
Ending balance at Jun. 30, 2021   1,466 3,085 0 (23,665) 23,946 (4,368) [1],[3] 398
Beginning balance at Mar. 31, 2021   1,466 3,011 0 (23,384) 23,624 (4,455) [3] 401
Changes in Shareholders' Equity [Roll Forward]                
Net income 741         703    
Net income attributable to noncontrolling interest 38             38
Other comprehensive income (loss), net of tax 87           87 [3]  
Dividends           (381)   (42)
Stock-based compensation expense     20          
Shares issued for stock options     54   58      
Shares issued for restricted stock units     (1)   1      
Treasury stock acquired         (341)      
Other     1   1     1
Ending balance at Jun. 30, 2021   1,466 3,085 0 (23,665) 23,946 (4,368) [1],[3] 398
Beginning balance at Dec. 31, 2021 971 1,466 3,269 (1) (24,089) 24,350 (4,386) [1] 362
Changes in Shareholders' Equity [Roll Forward]                
Net income 1,242         1,162    
Net income attributable to noncontrolling interest 80              
Other comprehensive income (loss), net of tax 64           80 [1] (16)
Dividends [2]           (1,170)   (42)
Stock-based compensation expense     45          
Shares issued for stock options     108   121      
Shares issued for restricted stock units     (23)   23      
Treasury stock acquired         (791)      
Other     3 1       6
Ending balance at Jun. 30, 2022 558 1,466 3,402 0 (24,736) 24,342 (4,306) [1],[3] 390
Beginning balance at Mar. 31, 2022   1,466 3,355 0 (24,401) 24,149 (4,248) [3] 407
Changes in Shareholders' Equity [Roll Forward]                
Net income 639         603    
Net income attributable to noncontrolling interest 36              
Other comprehensive income (loss), net of tax (72)           (58) [3] (14)
Dividends           (410)   (42)
Stock-based compensation expense     16          
Shares issued for stock options     31   44      
Shares issued for restricted stock units     (1)   1      
Treasury stock acquired         (381)      
Other     1   1     3
Ending balance at Jun. 30, 2022 $ 558 $ 1,466 $ 3,402 $ 0 $ (24,736) $ 24,342 $ (4,306) [1],[3] $ 390
[1] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,398 at June 30, 2022 ($3,207 at June 30, 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 $1,015 at June 30, 2022 ($1,160 at June 30, 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.
[3] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,398 at June 30, 2022 ($3,207 at June 30, 2021) and $3,269 at March 31, 2022 ($3,313 at March 31, 2021), respectively, and unrecognized retirement plan and other retiree benefits costs of $1,015 at June 30, 2022 ($1,160 at June 30, 2021) and $1,030 at March 31, 2022 ($1,176 at March 31, 2021), respectively.