Share Repurchase Transactions and Other Comprehensive Loss

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Share Repurchases Transactions and Other Comprehensive Loss

NOTE 9 — SHARE REPURCHASE TRANSACTIONS AND OTHER COMPREHENSIVE LOSS

During January 2025 and January 2024, our Board of Directors authorized share repurchase programs for up to $10 billion and $6 billion, respectively, of our outstanding common stock. During the quarter ended March 31, 2025, we repurchased 7.762 million shares of our common stock at an average price of $322.84 per share through market purchases pursuant to the January 2024 authorization (which was completed during the first quarter of 2025) and the January 2025 authorization. At March 31, 2025, we had $8.259 billion of repurchase authorization available under the January 2025 authorization.

The components of accumulated other comprehensive loss are as follows (dollars in millions):

	Unrealized Gains (Losses) on Available-for-Sale Securities			Foreign Currency Translation Adjustments			Defined Benefit Plans			Total
Balances at December 31, 2024	$	(21	)	$	(353	)	$	(13	)	$	(387	)
Unrealized gains on available-for-sale    securities, net of $2 of income taxes		4									4
Foreign currency translation adjustments, net    of $4 of income taxes					26						26
Balances at March 31, 2025	$	(17	)	$	(327	)	$	(13	)	$	(357	)