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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Common Shares Outstanding (Thousands)
Common Stock and Other Capital
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Non-controlling Minority Interest
Beginning Balance at Dec. 31, 2021 $ 13,451     $ 11,549 $ (376)  
Comprehensive Earnings:            
Net Earnings 4,114     4,114    
Other Comprehensive Income (34)       (34)  
Total Comprehensive Earnings (Note 10) 4,080          
Stock Option Exercises and Other 99     (2)    
Ending balance (in shares) at Dec. 31, 2022   2,066,367        
Ending Balance at Dec. 31, 2022 12,469 [1]   $ 2,640 10,229 [1] (410) [1],[2] $ 10
Comprehensive Earnings:            
Associated tax of accumulated other comprehensive loss balances         129  
Net Earnings [1] 974     974    
Other Comprehensive Income [1] 2       2 [2]  
Total Comprehensive Earnings (Note 10) [1] 976          
Common stock dividends, per share [1] (226)     (226)    
Share Repurchases (in shares)   (35,157)        
Share Repurchases (1,067) [1]   (35) (1,032) [1]    
Excise Tax on Net Share Repurchases [1] (10)     (10)    
Stock Option Exercises and Other (in shares)   1,865        
Stock Option Exercises and Other 13 [1]   15     (2)
Ending balance (in shares) at Mar. 31, 2023   2,033,075        
Ending Balance at Mar. 31, 2023 12,155 [1]   2,620 9,935 [1] (408) [1],[2] 8
Beginning Balance (in shares) at Dec. 31, 2022   2,066,367        
Beginning Balance at Dec. 31, 2022 12,469 [1]   2,640 10,229 [1] (410) [1],[2] 10
Comprehensive Earnings:            
Net Earnings 1,958          
Total Comprehensive Earnings (Note 10) 1,956          
Ending balance (in shares) at Jun. 30, 2023   2,006,353        
Ending Balance at Jun. 30, 2023 12,074 [1]   2,630 9,852 [1] (412) [1],[2] 4
Beginning Balance (in shares) at Dec. 31, 2022   2,066,367        
Beginning Balance at Dec. 31, 2022 12,469 [1]   2,640 10,229 [1] (410) [1],[2] 10
Comprehensive Earnings:            
Net Earnings [3] 2,786          
Total Comprehensive Earnings (Note 10) [3] $ 2,802          
Share Repurchases (in shares) (94,000)          
Ending balance (in shares) at Sep. 30, 2023   1,976,132        
Ending Balance at Sep. 30, 2023 $ 11,756 [1]   2,633 9,513 [1] (394) [1],[2] 4
Beginning Balance (in shares) at Dec. 31, 2022   2,066,367        
Beginning Balance at Dec. 31, 2022 12,469 [1]   2,640 10,229 [1] (410) [1],[2] 10
Comprehensive Earnings:            
Net Earnings 3,668     3,668    
Other Comprehensive Income 131       131  
Total Comprehensive Earnings (Note 10) 3,799          
Ending balance (in shares) at Dec. 31, 2023   1,958,757        
Ending Balance at Dec. 31, 2023 11,985 [4]   2,650 9,609 [5] (279) [5],[6] 5
Comprehensive Earnings:            
Associated tax of accumulated other comprehensive loss balances         128  
Beginning Balance (in shares) at Mar. 31, 2023   2,033,075        
Beginning Balance at Mar. 31, 2023 12,155 [1]   2,620 9,935 [1] (408) [1],[2] 8
Comprehensive Earnings:            
Net Earnings [1] 984     984    
Other Comprehensive Income [1] (4)       (4) [2]  
Total Comprehensive Earnings (Note 10) [1] 980          
Common stock dividends, per share [1] (222)     (222)    
Share Repurchases (in shares)   (27,434)        
Share Repurchases (863) [1]   (28) (835) [1]    
Excise Tax on Net Share Repurchases [1] (9)     (9)    
Stock Option Exercises and Other (in shares)   712        
Stock Option Exercises and Other 33 [1]   38 (1) [1]   (4)
Ending balance (in shares) at Jun. 30, 2023   2,006,353        
Ending Balance at Jun. 30, 2023 12,074 [1]   2,630 9,852 [1] (412) [1],[2] 4
Comprehensive Earnings:            
Associated tax of accumulated other comprehensive loss balances         114  
Net Earnings 828 [3]     828 [1]    
Other Comprehensive Income [1] 18       18 [2]  
Total Comprehensive Earnings (Note 10) [1] 846          
Common stock dividends, per share [1] $ (218)     (218)    
Share Repurchases (in shares) (31,000) (31,018)        
Share Repurchases $ (971) [1]   (31) (940) [1]    
Excise Tax on Net Share Repurchases [1] (9)     (9)    
Stock Option Exercises and Other (in shares)   797        
Stock Option Exercises and Other 34 [1]   34      
Ending balance (in shares) at Sep. 30, 2023   1,976,132        
Ending Balance at Sep. 30, 2023 11,756 [1]   2,633 9,513 [1] (394) [1],[2] 4
Comprehensive Earnings:            
Associated tax of accumulated other comprehensive loss balances         108  
Net Earnings 882          
Total Comprehensive Earnings (Note 10) 997          
Ending balance (in shares) at Dec. 31, 2023   1,958,757        
Ending Balance at Dec. 31, 2023 11,985 [4]   2,650 9,609 [5] (279) [5],[6] 5
Comprehensive Earnings:            
Associated tax of accumulated other comprehensive loss balances         74  
Net Earnings [5] 880     880    
Other Comprehensive Income [5] 6       6 [6]  
Total Comprehensive Earnings (Note 10) [5] 886          
Common stock dividends, per share [5] (235)     (235)    
Share Repurchases (in shares)   (6,789)        
Share Repurchases (247) [5]   (7) (240) [5]    
Excise Tax on Net Share Repurchases [5] (1)     (1)    
Stock Option Exercises and Other (in shares)   2,961        
Stock Option Exercises and Other 53 [5]   55 (2) [5]    
Ending balance (in shares) at Mar. 31, 2024   1,954,929        
Ending Balance at Mar. 31, 2024 12,441 [5]   2,698 10,011 [5] (273) [5],[6] 5
Beginning Balance (in shares) at Dec. 31, 2023   1,958,757        
Beginning Balance at Dec. 31, 2023 11,985 [4]   2,650 9,609 [5] (279) [5],[6] 5
Comprehensive Earnings:            
Net Earnings [3] 2,737          
Other Comprehensive Income 10          
Total Comprehensive Earnings (Note 10) [3] $ 2,747          
Share Repurchases (in shares) (35,000)          
Ending balance (in shares) at Sep. 30, 2024   1,928,423        
Ending Balance at Sep. 30, 2024 $ 12,936 [5]   2,743 10,457 [5] (269) [5],[6] 5
Comprehensive Earnings:            
Associated tax of accumulated other comprehensive loss balances         72  
Beginning Balance (in shares) at Mar. 31, 2024   1,954,929        
Beginning Balance at Mar. 31, 2024 12,441 [5]   2,698 10,011 [5] (273) [5],[6] 5
Comprehensive Earnings:            
Net Earnings [5] 963     963    
Other Comprehensive Income [5] 3       3 [6]  
Total Comprehensive Earnings (Note 10) [5] 966          
Common stock dividends, per share [5] (233)     (233)    
Share Repurchases (in shares)   (16,308)        
Share Repurchases (563) [5]   (16) (547) [5]    
Excise Tax on Net Share Repurchases [5] (6)     (6)    
Stock Option Exercises and Other (in shares)   124        
Stock Option Exercises and Other 15 [5]   15 1 [5]   (1)
Ending balance (in shares) at Jun. 30, 2024   1,938,745        
Ending Balance at Jun. 30, 2024 12,620 [5]   2,697 10,189 [5] (270) [5],[6] 4
Comprehensive Earnings:            
Associated tax of accumulated other comprehensive loss balances         72  
Net Earnings [5] 894     894    
Other Comprehensive Income [5] 1       1 [6]  
Total Comprehensive Earnings (Note 10) [5] 895          
Common stock dividends, per share [5] $ (232)     (232)    
Share Repurchases (in shares) (12,000) (11,925)        
Share Repurchases $ (402) [5]   (12) (390) [5]    
Excise Tax on Net Share Repurchases [5] (4)     (4)    
Stock Option Exercises and Other (in shares)   1,603        
Stock Option Exercises and Other 59 [5]   58     1
Ending balance (in shares) at Sep. 30, 2024   1,928,423        
Ending Balance at Sep. 30, 2024 $ 12,936 [5]   $ 2,743 $ 10,457 [5] (269) [5],[6] $ 5
Comprehensive Earnings:            
Associated tax of accumulated other comprehensive loss balances         $ 71  
[1] See Note 11, Revision of Prior Period Financial Statements.
[2] Accumulated Other Comprehensive Loss balances shown above are net of tax. The associated taxes were $129 million as of December 31, 2022, $128 million as of March 31, 2023, $114 million as of June 30, 2023 and $108 million as of September 30, 2023. For additional information, see Note 10, Other Comprehensive Income.
[3] See Note 11, Revision of Prior Period Financial Statements.
[4] See Note 11, Revision of Prior Period Financial Statements.
[5] See Note 11, Revision of Prior Period Financial Statements.
[6] Accumulated Other Comprehensive Loss balances shown above are net of tax. The associated taxes were $74 million as of December 31, 2023, $72 million as of March 31, 2024, $72 million as of June 30, 2024 and $71 million as of September 30, 2024. For additional information, see Note 10, Other Comprehensive Income.