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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 (in shares) at Dec. 31, 2023   1,958,757        
Beginning Balance at Dec. 31, 2023 $ 11,985   $ 2,650 $ 9,609 $ (279) [1] $ 5
Comprehensive Earnings:            
Net Earnings 880     880    
Other Comprehensive Income 6       6 [1]  
Total Comprehensive Earnings (Note 10) 886          
Common stock dividends, per share (235)     (235)    
Share Repurchases (in shares)   (6,789)        
Share Repurchases (247)   (7) (240)    
Excise Tax on Net Share Repurchases (1)     (1)    
Stock Option Exercises and Other (in shares)   2,961        
Stock Option Exercises and Other 53   55 (2)    
Ending balance (in shares) at Mar. 31, 2024   1,954,929        
Ending Balance at Mar. 31, 2024 12,441   2,698 10,011 (273) [1] 5
Beginning Balance (in shares) at Dec. 31, 2023   1,958,757        
Beginning Balance at Dec. 31, 2023 11,985   2,650 9,609 (279) [1] 5
Comprehensive Earnings:            
Net Earnings 1,843          
Total Comprehensive Earnings (Note 10) $ 1,852          
Share Repurchases (in shares) (23,000)          
Ending balance (in shares) at Jun. 30, 2024   1,938,745        
Ending Balance at Jun. 30, 2024 $ 12,620   2,697 10,189 (270) [1] 4
Beginning Balance (in shares) at Mar. 31, 2024   1,954,929        
Beginning Balance at Mar. 31, 2024 12,441   2,698 10,011 (273) [1] 5
Comprehensive Earnings:            
Net Earnings 963     963    
Other Comprehensive Income 3       3 [1]  
Total Comprehensive Earnings (Note 10) 966          
Common stock dividends, per share $ (233)     (233)    
Share Repurchases (in shares) (16,000) (16,308)        
Share Repurchases $ (563)   (16) (547)    
Excise Tax on Net Share Repurchases (6)     (6)    
Stock Option Exercises and Other (in shares)   124        
Stock Option Exercises and Other 15   15 1   (1)
Ending balance (in shares) at Jun. 30, 2024   1,938,745        
Ending Balance at Jun. 30, 2024 12,620   2,697 10,189 (270) [1] 4
Beginning Balance (in shares) at Dec. 31, 2024   1,900,190        
Beginning Balance at Dec. 31, 2024 12,507   2,746 9,988 (232) [2] 5
Comprehensive Earnings:            
Net Earnings 646     646    
Other Comprehensive Income 5       5 [2]  
Total Comprehensive Earnings (Note 10) 651          
Common stock dividends, per share (245)     (245)    
Share Repurchases (in shares)   (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) [2] 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) [2] 5
Comprehensive Earnings:            
Net Earnings 1,475          
Total Comprehensive Earnings (Note 10) $ 1,483          
Share Repurchases (in shares) (38,000)          
Ending balance (in shares) at Jun. 30, 2025   1,864,280        
Ending Balance at Jun. 30, 2025 $ 12,377   2,746 9,850 (224) [2] 5
Beginning Balance (in shares) at Mar. 31, 2025   1,878,377        
Beginning Balance at Mar. 31, 2025 12,175   2,742 9,655 (227) [2] 5
Comprehensive Earnings:            
Net Earnings 829     829    
Other Comprehensive Income 3       3 [2]  
Total Comprehensive Earnings (Note 10) 832          
Common stock dividends, per share $ (243)     (243)    
Share Repurchases (in shares) (14,000) (14,209)        
Share Repurchases $ (401)   (14) (387)    
Excise Tax on Net Share Repurchases (4)     (4)    
Stock Option Exercises and Other (in shares)   112        
Stock Option Exercises and Other 18   18      
Ending balance (in shares) at Jun. 30, 2025   1,864,280        
Ending Balance at Jun. 30, 2025 $ 12,377   $ 2,746 $ 9,850 $ (224) [2] $ 5
[1] 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, and $72 million as of June 30, 2024. For additional information, see Note 10, Other Comprehensive Income.
[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, and $58 million as of June 30, 2025. For additional information, see Note 10, Other Comprehensive Income.