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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, 2021   $ 1,466 $ 3,269 $ (1) $ (24,089) $ 24,350 $ (4,386) $ 362
Changes in Shareholders' Equity [Roll Forward]                
Net income $ 1,924         1,780   144
Other comprehensive income (loss), net of tax 175           207 (32)
Dividends [2]           (1,564)   (42)
Stock-based compensation expense     105          
Shares issued for stock options     181   194      
Shares issued for restricted stock units     (39)   39      
Treasury stock acquired         (895)      
Other     2 1 2     (1)
Ending balance at Sep. 30, 2022   1,466 3,518 0 (24,749) 24,566 (4,179) 431
Beginning balance at Jun. 30, 2022   1,466 3,402 0 (24,736) 24,342 (4,306) 390
Changes in Shareholders' Equity [Roll Forward]                
Net income 682         618   64
Other comprehensive income (loss), net of tax 111           127 (16)
Dividends [2]           (394)    
Stock-based compensation expense     60          
Shares issued for stock options     73   73      
Shares issued for restricted stock units     (16)   16      
Treasury stock acquired         (104)      
Other     (1)   2     (7)
Ending balance at Sep. 30, 2022   1,466 3,518 0 (24,749) 24,566 (4,179) 431
Beginning balance at Dec. 31, 2022 806 1,466 3,546 (1) (25,128) 24,573 (4,055) 405
Changes in Shareholders' Equity [Roll Forward]                
Net income 1,695         1,582   113
Other comprehensive income (loss), net of tax 37           81 (44)
Dividends [2]           (1,584)   (59)
Stock-based compensation expense     97          
Shares issued for stock options     145   152      
Shares issued for restricted stock units     (30)   30      
Treasury stock acquired         (883)      
Other     4 1 (5)      
Ending balance at Sep. 30, 2023 406 1,466 3,762 0 (25,834) 24,571 (3,974) 415
Beginning balance at Jun. 30, 2023   1,466 3,688 0 (25,541) 24,258 (3,935) 379
Changes in Shareholders' Equity [Roll Forward]                
Net income 747         708   39
Other comprehensive income (loss), net of tax (42)           (39) (3)
Dividends [2]           (395)   0
Stock-based compensation expense     60          
Shares issued for stock options     29   25      
Shares issued for restricted stock units     (16)   16      
Treasury stock acquired         (332)      
Other     1   (2)      
Ending balance at Sep. 30, 2023 $ 406 $ 1,466 $ 3,762 $ 0 $ (25,834) $ 24,571 $ (3,974) $ 415
[1] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,458 at September 30, 2023 ($3,545 at September 30, 2022) and $3,381 at June 30, 2023 ($3,398 at June 30, 2022), respectively, and unrecognized retirement plan and other retiree benefits costs of $586 at September 30, 2023 ($717 at September 30, 2022) and $618 at June 30, 2023 ($1,015 at June 30, 2022), respectively.
[2] Two dividends were declared in each of the first quarters of 2023 and 2022.