INCOME TAXES (Tables)

9 Months Ended

Sep. 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 September 30,					Nine months ended September 30,
millions	2024			2023		2024			2023
Income before income taxes	$	1,594		$	1,809	$	4,239		$	4,870
Current
Federal	(286)			(243)		(832)			(689)
State and Local	(19)			(21)		(43)			(53)
Foreign	(196)			(120)		(530)			(482)
Total current tax expense	$	(501)		$	(384)	$	(1,405)		$	(1,224)
Deferred
Federal	54			(56)		177			(75)
State and Local	(3)			(2)		(2)			(8)
Foreign	(4)			8		7			(65)
Total deferred tax benefit (expense)	$	47		$	(50)	$	182		$	(148)
Total income tax expense	$	(454)		$	(434)	$	(1,223)		$	(1,372)
Income from continuing operations	$	1,140		$	1,375	$	3,016		$	3,498
Worldwide effective tax rate	28		%	24%		29		%	28%