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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Reinvested Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interests
Balance (in shares) at Dec. 31, 2023   513      
Balance at Dec. 31, 2023 $ 24,145 $ 3,154 $ 23,465 $ (2,487) $ 13
Comprehensive income          
Net earnings 1,200   1,215   (15)
Other comprehensive income (loss) (397)     (393) (4)
Cash dividends paid (503)   (503)    
Share repurchases (in shares)   (37)      
Share repurchases (2,349)   (2,349)    
Stock compensation expense (in shares)   3      
Stock compensation expense 84 $ 84      
Stock option exercises, net of taxes (in shares)   (1)      
Stock option exercises, net of taxes (41) $ (41)      
Other 20 $ 3     17
Balance (in shares) at Jun. 30, 2024   478      
Balance at Jun. 30, 2024 22,159 $ 3,200 21,828 (2,880) 11
Balance (in shares) at Mar. 31, 2024   502      
Balance at Mar. 31, 2024 23,232 $ 2,720 23,069 (2,570) 13
Comprehensive income          
Net earnings 481   486   (5)
Other comprehensive income (loss) (311)     (310) (1)
Cash dividends paid (247)   (247)    
Share repurchases (in shares)   (24)      
Share repurchases (1,018) $ 462 (1,480)    
Stock compensation expense 18 $ 18      
Other 4       4
Balance (in shares) at Jun. 30, 2024   478      
Balance at Jun. 30, 2024 22,159 $ 3,200 21,828 (2,880) 11
Balance (in shares) at Dec. 31, 2024   478      
Balance at Dec. 31, 2024 22,178 $ 3,223 21,933 (2,988) 10
Comprehensive income          
Net earnings 512   514   (2)
Other comprehensive income (loss) 196     196  
Cash dividends paid (495)   (495)    
Stock compensation expense (in shares)   2      
Stock compensation expense 72 $ 72      
Stock option exercises, net of taxes (28) (28)      
Other 3 $ 3      
Balance (in shares) at Jun. 30, 2025   480      
Balance at Jun. 30, 2025 22,438 $ 3,270 21,952 (2,792) 8
Balance (in shares) at Mar. 31, 2025   480      
Balance at Mar. 31, 2025 22,127 $ 3,246 21,981 (3,108) 8
Comprehensive income          
Net earnings 218   219   (1)
Other comprehensive income (loss) 316     316  
Cash dividends paid (248)   (248)    
Stock compensation expense 22 22      
Stock option exercises, net of taxes 2 $ 2      
Other 1       1
Balance (in shares) at Jun. 30, 2025   480      
Balance at Jun. 30, 2025 $ 22,438 $ 3,270 $ 21,952 $ (2,792) $ 8