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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, 2022   $ 1,466 $ 3,546 $ (1) $ (25,128) $ 24,573 $ (4,055) [1] $ 405
Changes in Shareholders' Equity [Roll Forward]                
Net income $ 1,695         1,582   113
Other comprehensive income (loss), net of tax 37           81 [1] (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   1,466 3,762 0 (25,834) 24,571 (3,974) [1],[3] 415
Beginning balance at Jun. 30, 2023   1,466 3,688 0 (25,541) 24,258 (3,935) [3] 379
Changes in Shareholders' Equity [Roll Forward]                
Net income 747         708   39
Other comprehensive income (loss), net of tax (42)           (39) [3] (3)
Dividends 0         (395)    
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   1,466 3,762 0 (25,834) 24,571 (3,974) [1],[3] 415
Beginning balance at Dec. 31, 2023 957 1,466 3,808 0 (26,017) 25,289 (3,937) 348
Changes in Shareholders' Equity [Roll Forward]                
Net income 2,270         2,150   120
Other comprehensive income (loss), net of tax (141)           (136) (5)
Dividends           (1,625)   (63)
Stock-based compensation expense     108          
Shares issued for stock options     273   337      
Shares issued for restricted stock units     (51)   51      
Treasury stock acquired         (1,284)      
Other     4       (1) 1
Ending balance at Sep. 30, 2024 836 1,466 4,142 0 (26,913) 25,814 (4,074) [3] 401
Beginning balance at Jun. 30, 2024   1,466 4,035 0 (26,736) 25,486 (4,128) [3] 359
Changes in Shareholders' Equity [Roll Forward]                
Net income 776         737   39
Other comprehensive income (loss), net of tax 58           55 [3] 3
Dividends           (409)   0
Stock-based compensation expense     65          
Shares issued for stock options     71   87      
Shares issued for restricted stock units     (29)   29      
Treasury stock acquired         (295)      
Other         2   (1)  
Ending balance at Sep. 30, 2024 $ 836 $ 1,466 $ 4,142 $ 0 $ (26,913) $ 25,814 $ (4,074) [3] $ 401
[1] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,515 at September 30, 2024 ($3,458 at September 30, 2023) and $3,351 at December 31, 2023 ($3,491 at December 31, 2022), respectively, and unrecognized retirement plan and other retiree benefits costs of $615 at September 30, 2024 ($586 at September 30, 2023) and $647 at December 31, 2023 ($631 at December 31, 2022), respectively.
[2] Two dividends were declared in each of the first quarters of 2024 and 2023.
[3] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,515 at September 30, 2024 ($3,458 at September 30, 2023) and $3,555 at June 30, 2024 ($3,381 at June 30, 2023), respectively, and unrecognized retirement plan and other retiree benefits costs of $615 at September 30, 2024 ($586 at September 30, 2023) and $636 at June 30, 2024 ($618 at June 30, 2023), respectively.