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Condensed Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance at Dec. 31, 2023   $ 1,466 $ 3,808 $ (26,017) $ 25,289 $ (3,937) [1] $ 348
Changes in Shareholders' Equity [Roll Forward]              
Net income $ 2,270       2,150   120
Other comprehensive income (loss), net of tax (141)         (136) [1] (5)
Dividends [2]         (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   1,466 4,142 (26,913) 25,814 (4,074) [1],[3] 401
Beginning balance at Jun. 30, 2024   1,466 4,035 (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)    
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 0     2   (1) [3]  
Ending balance at Sep. 30, 2024   1,466 4,142 (26,913) 25,814 (4,074) [1],[3] 401
Beginning balance at Dec. 31, 2024 544 1,466 4,181 (27,358) 26,145 (4,222) 332
Changes in Shareholders' Equity [Roll Forward]              
Net income 2,266       2,169   97
Other comprehensive income (loss), net of tax 334         334  
Dividends         (1,263)   (53)
Stock-based compensation expense     127        
Shares issued for stock options     37 46      
Shares issued for restricted stock units     (65) 65      
Treasury stock acquired       (804)      
Other     4 (6)     6
Ending balance at Sep. 30, 2025 1,238 1,466 4,284 (28,057) 27,051 (3,888) [3] 382
Beginning balance at Jun. 30, 2025   1,466 4,246 (27,821) 26,735 (3,924) [3] 350
Changes in Shareholders' Equity [Roll Forward]              
Net income 766       735   31
Other comprehensive income (loss), net of tax 32         36 [3] (4)
Dividends         (419)    
Stock-based compensation expense     72        
Shares issued for stock options     8 10      
Shares issued for restricted stock units     (43) 43      
Treasury stock acquired       (288)      
Other 5   1 (1)      
Ending balance at Sep. 30, 2025 $ 1,238 $ 1,466 $ 4,284 $ (28,057) $ 27,051 $ (3,888) [3] $ 382
[1] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,358 at September 30, 2025 ($3,515 at September 30, 2024) and $3,687 at December 31, 2024 ($3,351 at December 31, 2023), respectively, and unrecognized retirement plan and other retiree benefits costs of $586 at September 30, 2025 ($615 at September 30, 2024) and $605 at December 31, 2024 ($647 at December 31, 2023), respectively.
[2] Two dividends were declared in the first quarter of 2024.
[3] Accumulated other comprehensive income (loss) includes cumulative translation losses of $3,358 at September 30, 2025 ($3,515 at September 30, 2024) and $3,378 at June 30, 2025 ($3,555 at June 30, 2024), respectively, and unrecognized retirement plan and other retiree benefits costs of $586 at September 30, 2025 ($615 at September 30, 2024) and $595 at June 30, 2025 ($636 at June 30, 2024), respectively.