XML 49 R34.htm IDEA: XBRL DOCUMENT v3.24.3
Shareholders' Equity (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Shareholders' equity activity [Roll Forward]                
Beginning Balance $ 10,046 $ 9,682 $ 9,433 $ 8,727 $ 8,445 $ 7,977 $ 9,433 $ 7,977
Net income (loss) 580 713 609 724 616 655 1,902 1,995
Other comprehensive income (loss) 3 0 0 1 1 1 3 3
Cash dividends (150) (151) (151) (144) (144) (145)    
Stock Repurchased During Period, Value (196) (250) (250) (200) (250) (100)    
Stock plans (68) (56) (41) (84) (61) (60)    
Other (1) 4 0 3 2 3    
Ending Balance $ 10,352 $ 10,046 $ 9,682 $ 9,189 $ 8,727 $ 8,445 10,352 9,189
Common Stock, Dividends, Per Share, Declared $ 0.17 $ 0.17 $ 0.17 $ 0.16 $ 0.16 $ 0.16    
Stock Repurchased During Period, Shares 6.2     5.1        
Common Shares                
Shareholders' equity activity [Roll Forward]                
Beginning Balance $ 2,663 $ 2,662 $ 2,663 $ 2,663 $ 2,664 $ 2,664 2,663 2,664
Net income (loss) 0 0 0 0 0 0    
Other comprehensive income (loss) 0 0 0 0 0 0    
Cash dividends 0 0 0 0 0 0    
Stock Repurchased During Period, Value 0 0 0 0 0 0    
Stock plans (1) (1) (1) 0 (1) 0    
Other 0 0 0 0 0 0    
Ending Balance 2,662 2,663 2,662 2,663 2,663 2,664 2,662 2,663
Paid-in Capital in Excess of Par Value                
Shareholders' equity activity [Roll Forward]                
Beginning Balance 0 0 63 0 0 50 63 50
Net income (loss) 0 0 0 0 0 0    
Other comprehensive income (loss) 0 0 0 0 0 0    
Cash dividends 0 0 0 0 0 0    
Stock Repurchased During Period, Value 0 0 0 0 0 0    
Stock plans (38) 0 (63) (26) 0 (50)    
Other 0 0 0 0 0 0    
Ending Balance 38 0 0 26 0 0 38 26
Retained Earnings                
Shareholders' equity activity [Roll Forward]                
Beginning Balance 13,450 12,988 12,536 11,459 11,075 10,572 12,536 10,572
Net income (loss) 571 709 606 716 610 651    
Other comprehensive income (loss) 0 0 0 0 0 0    
Cash dividends (150) (151) (151) (144) (144) (145)    
Stock Repurchased During Period, Value 0 0 0 0 0 0    
Stock plans (6) (96) [1] (3) [1] (13) (82) [2] (3) [2]    
Other 0 0 0 0 0 0    
Ending Balance 13,865 13,450 12,988 12,018 11,459 11,075 13,865 12,018
Accumulated Other Comprehensive Income (Loss)                
Shareholders' equity activity [Roll Forward]                
Beginning Balance (332) (332) (331) (228) (229) (230) (331) (230)
Net income (loss) 0 0 0 0 0 0    
Other comprehensive income (loss) 3 0 (1) 1 1 1    
Cash dividends 0 0 0 0 0 0    
Stock Repurchased During Period, Value 0 0 0 0 0 0    
Stock plans 0 0 0 0 0 0    
Other 0 0 0 0 0 0    
Ending Balance (329) (332) (332) (227) (228) (229) (329) (227)
Noncontrolling Interest in Consolidated Subsidiaries                
Shareholders' equity activity [Roll Forward]                
Beginning Balance 46 46 42 34 30 29 42 29
Net income (loss) 9 4 3 8 6 4    
Other comprehensive income (loss) 0 0 1 0 0 0    
Cash dividends 0 0 0 0 0 0    
Stock Repurchased During Period, Value 0 0 0 0 0 0    
Stock plans 0 0 0 0 0 0    
Other (1) 4 0 3 2 3    
Ending Balance 56 46 46 39 34 30 56 39
Treasury Stock, Common                
Shareholders' equity activity [Roll Forward]                
Beginning Balance (5,781) (5,682) (5,540) (5,201) (5,095) (5,108) (5,540) (5,108)
Net income (loss) 0 0 0 0 0 0    
Other comprehensive income (loss) 0 0 0 0 0 0    
Cash dividends 0 0 0 0 0 0    
Stock Repurchased During Period, Value 196 250 250 200 250 100    
Stock plans (37) (151) (108) (71) (144) (113)    
Other 0 0 0 0 0 0    
Ending Balance $ (5,940) $ (5,781) $ (5,682) $ (5,330) $ (5,201) $ (5,095) $ (5,940) $ (5,330)
[1]
In the first, second, and third 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, $96 million, and $6 million, respectively. Future issuances from treasury shares could similarly impact additional paid in capital and retained earnings.
[2]
In the first, second, and third quarters 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, $82 million, and $13 million, respectively. Future issuances from treasury shares could similarly impact additional paid in capital and retained earnings.