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Shareholders' Equity (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Shareholders' equity activity [Roll Forward]            
Beginning Balance $ 9,682 $ 9,433 $ 8,445 $ 7,977 $ 9,433 $ 7,977
Net income (loss) 713 609 616 655 1,322 1,271
Other comprehensive income (loss) 0 0 1 1 0 2
Cash dividends (151) (151) (144) (145)    
Stock Repurchased During Period, Value (250) (250) (250) (100)    
Stock plans 56 41 61 60    
Other 4 0 2 3    
Ending Balance $ 10,046 $ 9,682 $ 8,727 $ 8,445 10,046 8,727
Common Stock, Dividends, Per Share, Declared $ 0.17 $ 0.17 $ 0.16 $ 0.16    
Stock Repurchased During Period, Shares 6.9   8.1      
Common Shares            
Shareholders' equity activity [Roll Forward]            
Beginning Balance $ 2,662 $ 2,663 $ 2,664 $ 2,664 2,663 2,664
Net income (loss) 0 0 0 0    
Other comprehensive income (loss) 0 0 0 0    
Cash dividends 0 0 0 0    
Stock Repurchased During Period, Value 0 0 0 0    
Stock plans 1 1 1 0    
Other 0 0 0 0    
Ending Balance 2,663 2,662 2,663 2,664 2,663 2,663
Paid-in Capital in Excess of Par Value            
Shareholders' equity activity [Roll Forward]            
Beginning Balance 0 63 0 50 63 50
Net income (loss) 0 0 0 0    
Other comprehensive income (loss) 0 0   0    
Cash dividends 0 0 0 0    
Stock Repurchased During Period, Value 0 0 0 0    
Stock plans 0 63 0 50    
Other 0 0 0 0    
Ending Balance 0 0 0 0 0 0
Retained Earnings            
Shareholders' equity activity [Roll Forward]            
Beginning Balance 12,988 12,536 11,075 10,572 12,536 10,572
Net income (loss) 709 606 610 651    
Other comprehensive income (loss) 0 0 0 0    
Cash dividends (151) (151) (144) (145)    
Stock Repurchased During Period, Value 0 0 0 0    
Stock plans 96 [1] 3 [1] 82 [2] 3 [2]    
Other 0 0 0 0    
Ending Balance 13,450 12,988 11,459 11,075 13,450 11,459
Accumulated Other Comprehensive Income (Loss)            
Shareholders' equity activity [Roll Forward]            
Beginning Balance (332) (331) (229) (230) (331) (230)
Net income (loss) 0 0 0 0    
Other comprehensive income (loss) 0 (1) 1 1    
Cash dividends 0 0 0 0    
Stock Repurchased During Period, Value 0 0 0 0    
Stock plans 0 0 0 0    
Other 0 0 0 0    
Ending Balance (332) (332) (228) (229) (332) (228)
Noncontrolling Interest in Consolidated Subsidiaries            
Shareholders' equity activity [Roll Forward]            
Beginning Balance 46 42 30 29 42 29
Net income (loss) 4 3 6 4    
Other comprehensive income (loss) 0 1 0 0    
Cash dividends 0 0 0 0    
Stock Repurchased During Period, Value 0 0 0 0    
Stock plans 0 0 0 0    
Other 4 0 2 3    
Ending Balance 46 46 34 30 46 34
Treasury Stock, Common            
Shareholders' equity activity [Roll Forward]            
Beginning Balance (5,682) (5,540) (5,095) (5,108) (5,540) (5,108)
Net income (loss) 0 0 0 0    
Other comprehensive income (loss) 0 0 0 0    
Cash dividends 0 0 0 0    
Stock Repurchased During Period, Value 250 250 250 100    
Stock plans 151 108 144 113    
Other 0 0 0 0    
Ending Balance $ (5,781) $ (5,682) $ (5,201) $ (5,095) $ (5,781) $ (5,201)
[1]
In the first quarter and second quarter of 2024, we issued common stock from treasury shares for stock options exercised, restricted stock grants, performance shares under our performance unit program, and purchases under our employee stock purchase plan. As a result, additional paid in capital was reduced to zero, which resulted in a reduction of retained earnings by $3 million and $96 million. Future issuances from treasury shares could similarly impact additional paid in capital and retained earnings.
[2]
In the first quarter and second quarter of 2023, we issued common stock from treasury shares for stock options exercised, restricted stock grants, performance shares under our performance unit program, and purchases under our employee stock purchase plan. As a result, additional paid in capital was reduced to zero, which resulted in a reduction of retained earnings by $3 million and $82 million, respectively. Future issuances from treasury shares could similarly impact additional paid in capital and retained earnings.