INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The following table summarizes components of income tax expense:

	Three months ended June 30,						Six months ended June 30,
millions	2024			2023			2024			2023
Income before income taxes	$	1,635		$	1,327		$	2,645		$	3,061
Current
Federal	(303)			(181)			(546)			(446)
State and Local	(12)			(14)			(24)			(32)
Foreign	(194)			(191)			(334)			(362)
Total current tax expense	$	(509)		$	(386)		$	(904)		$	(840)
Deferred
Federal	42			(5)			123			(19)
State and Local	(1)			(3)			1			(6)
Foreign	3			(73)			11			(73)
Total deferred tax benefit (expense)	$	44		$	(81)		$	135		$	(98)
Total income tax expense	$	(465)		$	(467)		$	(769)		$	(938)
Income from continuing operations	$	1,170		$	860		$	1,876		$	2,123
Worldwide effective tax rate	28		%	35		%	29		%	31		%