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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (UNAUDITED) - 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 (loss) 1,218   1,233   (15)
Other comprehensive income (loss) (356)     (353) (3)
Cash dividends paid (744)   (744)    
Share repurchases (in shares)   (37)      
Share repurchases (2,348)   (2,348)    
Stock compensation expense (in shares)   2      
Stock compensation expense 74 $ 74      
Stock option exercises, net of taxes (23) (23)      
Other 18 $ 3     15
Balance (in shares) at Sep. 30, 2024   478      
Balance at Sep. 30, 2024 21,984 $ 3,208 21,606 (2,840) 10
Balance (in shares) at Jun. 30, 2024   478      
Balance at Jun. 30, 2024 22,159 $ 3,200 21,828 (2,880) 11
Comprehensive income          
Net earnings (loss) 18   18    
Other comprehensive income (loss) 41     40 1
Cash dividends paid (240)   (240)    
Stock compensation expense (10) (10)      
Stock option exercises, net of taxes 18 $ 18      
Other (2)       (2)
Balance (in shares) at Sep. 30, 2024   478      
Balance at Sep. 30, 2024 21,984 $ 3,208 21,606 (2,840) 10
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 (loss) 621   622   (1)
Other comprehensive income (loss) 378     378  
Cash dividends paid (743)   (743)    
Share repurchases 1   1    
Stock compensation expense (in shares)   2      
Stock compensation expense 93 $ 93      
Stock option exercises, net of taxes (31) (31)      
Other 5 $ 6     (1)
Balance (in shares) at Sep. 30, 2025   480      
Balance at Sep. 30, 2025 22,502 $ 3,291 21,813 (2,610) 8
Balance (in shares) at Jun. 30, 2025   480      
Balance at Jun. 30, 2025 22,438 $ 3,270 21,952 (2,792) 8
Comprehensive income          
Net earnings (loss) 109   108   1
Other comprehensive income (loss) 182     182  
Cash dividends paid (248)   (248)    
Share repurchases 1   1    
Stock compensation expense 21 21      
Stock option exercises, net of taxes (3) (3)      
Other 2 $ 3     (1)
Balance (in shares) at Sep. 30, 2025   480      
Balance at Sep. 30, 2025 $ 22,502 $ 3,291 $ 21,813 $ (2,610) $ 8