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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
[2]
Non-controlling Minority Interest
Beginning Balance (in shares) at Dec. 31, 2023   1,958,757        
Beginning Balance at Dec. 31, 2023 $ 11,985 [1]   $ 2,650 $ 9,609 [1] $ (279) [1] $ 5
Comprehensive Earnings:            
Net Earnings 880 [3]     880 [1]    
Other Comprehensive Income [1] 6       6  
Total Comprehensive Earnings (Note 10) [4] $ 886          
Common stock, dividends, per share, declared (in dollars per share) $ 0.12          
Common stock dividends, per share [1] $ (235)     (235)    
Share Repurchases (in shares) (7,000) (6,789)        
Share Repurchases $ (247) [1]   (7) (240) [1]    
Excise Tax on Net Share Repurchases [1] (1)     (1)    
Stock Option Exercises and Other (in shares)   2,961        
Stock Option Exercises and Other 53 [1]   55 (2) [1]    
Ending balance (in shares) at Mar. 31, 2024   1,954,929        
Ending Balance at Mar. 31, 2024 12,441 [1]   2,698 10,011 [1] (273) [1] 5
Beginning Balance (in shares) at Dec. 31, 2024   1,900,190        
Beginning Balance at Dec. 31, 2024 12,507   2,746 9,988 (232) 5
Comprehensive Earnings:            
Net Earnings 646     646    
Other Comprehensive Income 5       5  
Total Comprehensive Earnings (Note 10) $ 651          
Common stock, dividends, per share, declared (in dollars per share) $ 0.13          
Common stock dividends, per share $ (245)     (245)    
Share Repurchases (in shares) (24,000) (23,707)        
Share Repurchases $ (751)   (24) (727)    
Excise Tax on Net Share Repurchases (7)     (7)    
Stock Option Exercises and Other (in shares)   1,894        
Stock Option Exercises and Other 20   20      
Ending balance (in shares) at Mar. 31, 2025   1,878,377        
Ending Balance at Mar. 31, 2025 $ 12,175   $ 2,742 $ 9,655 $ (227) $ 5
[1] See the 2024 annual report filed on Form 10-K for revision of prior period financial statements.
[2] Accumulated Other Comprehensive Loss balances shown above are net of tax. The associated taxes were $61 million as of December 31, 2024, $59 million as of March 31, 2025, $74 million as of December 31, 2023 and $72 million as of March 31, 2024. For additional information, see Note 10, Other Comprehensive Income.
[3] See the 2024 annual report filed on Form 10-K for revision of prior period financial statements.
[4] See the 2024 annual report filed on Form 10-K for revision of prior period financial statements.