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STATEMENTS OF CONDENSED CONSOLIDATED EQUITY (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interest in Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 2022   365,363      
Beginning balance at Dec. 31, 2022 $ 11,213,328 $ 9,891,890 $ 1,283,578 $ (2,994) [1] $ 40,854
Comprehensive income (loss), net of tax          
Net (loss) income 1,233,097   1,233,177   (80)
Other post-retirement benefits liability adjustment, net of tax 270     270 [1]  
Dividends (162,567)   (162,567)    
Share-based compensation plans (in shares)   2,247      
Share-based compensation plans 5,367 $ 5,367      
Convertible Notes settlements (in shares)   7      
Convertible Notes settlements 98 $ 98      
Repurchase and retirement of common stock (in shares)   (5,906)      
Repurchase and retirement of common stock (201,029) $ (91,545) (109,484)    
Acquisitions and Merger (in shares)   49,600      
Acquisition and Merger 2,152,631 $ 2,152,631      
Distribution to noncontrolling interest (11,072)       (11,072)
Contribution from noncontrolling interest 3,750       3,750
Dissolution of consolidated variable interest entity (25,227)       (25,227)
Other 911   911    
Ending balance (in shares) at Sep. 30, 2023   411,311      
Ending balance at Sep. 30, 2023 14,209,557 $ 11,958,441 2,245,615 (2,724) [1] 8,225
Beginning balance (in shares) at Jun. 30, 2023   361,654      
Beginning balance at Jun. 30, 2023 12,045,028 $ 9,790,855 2,217,698 (2,781) [2] 39,256
Comprehensive income (loss), net of tax          
Net (loss) income 80,730   81,255   (525)
Other post-retirement benefits liability adjustment, net of tax 57     57 [2]  
Dividends (54,249)   (54,249)    
Share-based compensation plans (in shares)   56      
Share-based compensation plans 14,939 $ 14,939      
Convertible Notes settlements (in shares)   1      
Convertible Notes settlements 16 $ 16      
Acquisitions and Merger (in shares)   49,600      
Acquisition and Merger 2,152,631 $ 2,152,631      
Distribution to noncontrolling interest (5,279)       (5,279)
Dissolution of consolidated variable interest entity (25,227)       (25,227)
Other 911   911    
Ending balance (in shares) at Sep. 30, 2023   411,311      
Ending balance at Sep. 30, 2023 14,209,557 $ 11,958,441 2,245,615 (2,724) [1] 8,225
Beginning balance (in shares) at Dec. 31, 2023   419,896      
Beginning balance at Dec. 31, 2023 14,780,817 $ 12,093,986 2,681,898 (2,684) [1] 7,617
Comprehensive income (loss), net of tax          
Net (loss) income (185,130)   (187,818)   2,688
Other post-retirement benefits liability adjustment, net of tax 114     114 [1]  
Dividends (232,994)   (232,994)    
Share-based compensation plans (in shares)   3,952      
Share-based compensation plans 54,751 $ 54,751      
Convertible Notes settlements (in shares)   19,992      
Convertible Notes settlements 285,608 $ 285,608      
Acquisitions and Merger (in shares)   152,428      
Acquisition and Merger 5,693,502 $ 5,548,608     144,894
Net settlement of Capped Call Transactions 93,290 $ 93,290      
Distribution to noncontrolling interest (1,640)       (1,640)
Ending balance (in shares) at Sep. 30, 2024   596,268      
Ending balance at Sep. 30, 2024 20,488,318 $ 18,076,243 2,261,086 (2,570) [2] 153,559
Beginning balance (in shares) at Jun. 30, 2024   441,597      
Beginning balance at Jun. 30, 2024 15,124,748 $ 12,464,492 2,655,940 (2,598) [2] 6,914
Comprehensive income (loss), net of tax          
Net (loss) income (297,432)   (300,823)   3,391
Other post-retirement benefits liability adjustment, net of tax 28     28 [2]  
Dividends (94,031)   (94,031)    
Share-based compensation plans (in shares)   2,243      
Share-based compensation plans 63,143 $ 63,143      
Acquisitions and Merger (in shares)   152,428      
Acquisition and Merger 5,693,502 $ 5,548,608     144,894
Distribution to noncontrolling interest (1,640)       (1,640)
Ending balance (in shares) at Sep. 30, 2024   596,268      
Ending balance at Sep. 30, 2024 $ 20,488,318 $ 18,076,243 $ 2,261,086 $ (2,570) [2] $ 153,559
[1] Amounts included in accumulated other comprehensive loss are related to other postretirement benefits liability adjustments, net of tax, which are attributable to net actuarial losses and net prior service costs.
[2] Amounts included in accumulated other comprehensive loss are related to other postretirement benefits liability adjustments, net of tax, which are attributable to net actuarial losses and net prior service costs.