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STATEMENTS OF CONSOLIDATED EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Treasury Stock
(Accumulated Deficit) Retained Earnings
Accumulated Other Comprehensive Loss
[1]
Noncontrolling Interest in Consolidated Subsidiaries
Beginning Balance (in shares) at Dec. 31, 2021   376,399        
Beginning Balance at Dec. 31, 2021 $ 9,970,999 $ 10,071,820 $ (18,046) $ (94,400) $ (4,611) $ 16,236
Comprehensive income, net of tax:            
Net income (loss) 1,780,942     1,770,965   9,977
Other postretirement benefits liability adjustment, net of tax 1,617       1,617  
Dividends (203,629)     (203,629)    
Share-based compensation plans (in shares)   2,100        
Share-based compensation plans 41,717 $ 23,671 18,046      
Convertible Notes settlements (in shares)   4        
Convertible Notes settlements 63 $ 63        
Repurchase and retirement of common stock (in shares)   (13,140)        
Repurchase and retirement of common stock (393,022) $ (203,664)   (189,358)    
Distribution to noncontrolling interest (11,592)         (11,592)
Contribution from noncontrolling interest (15,000)         (15,000)
Other (11,233)         (11,233)
Ending Balance (in shares) at Dec. 31, 2022   365,363        
Ending Balance at Dec. 31, 2022 11,213,328 $ 9,891,890 0 1,283,578 (2,994) 40,854
Comprehensive income, net of tax:            
Net income (loss) 1,734,544     1,735,232   (688)
Other postretirement benefits liability adjustment, net of tax 310       310  
Dividends (228,339)     (228,339)    
Share-based compensation plans (in shares)   2,274        
Share-based compensation plans 18,180 $ 18,180        
Convertible Notes settlements (in shares)   8,565        
Convertible Notes settlements 122,830 $ 122,830        
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 Dec. 31, 2023   419,896        
Ending Balance at Dec. 31, 2023 14,780,817 $ 12,093,986 0 2,681,898 (2,684) 7,617
Comprehensive income, net of tax:            
Net income (loss) 242,115     230,577   11,538
Other postretirement benefits liability adjustment, net of tax 363       363  
Dividends (327,237)     (327,237)    
Share-based compensation plans (in shares)   4,554        
Share-based compensation plans 70,688 $ 70,688        
Convertible Notes settlements (in shares)   19,992        
Convertible Notes settlements 285,608 $ 285,608        
Net settlement of Capped Call Transactions 93,290 $ 93,290        
Acquisitions and Merger (in shares)   152,428        
Acquisition and Merger 5,711,601 $ 5,548,608       162,993
Change in ownership of consolidated subsidiary, net (Note 8) 3,422,531 $ (77,469)       3,500,000
Distribution to noncontrolling interest (1,640)         (1,640)
Ending Balance (in shares) at Dec. 31, 2024   596,870        
Ending Balance at Dec. 31, 2024 $ 24,278,136 $ 18,014,711 $ 0 $ 2,585,238 $ (2,321) $ 3,680,508
[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.