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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock Issued
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Balance at Dec. 31, 2022 $ 17,989 $ 11,837 $ (1,016) $ 10,719 $ (3,855) $ 304
Net income 3,127     3,091   36
Currency translation adjustments (123)       (123)  
Changes in fair value of cash flow hedges 80       80  
Pension and other postretirement benefit plans (18)       (18)  
Shares sold to optionees, less shares exchanged 85 (53) 138      
Vesting of restricted stock, net of taxes withheld (162) (657) 495      
Employee stock purchase plan 191 (162) 353      
Stock repurchase program (594)   (594)      
Stock-based compensation expense 218 218        
Dividends declared (1,068)     (1,068)    
Dividends paid to noncontrolling interests (20)         (20)
Other 2 (1) 3   (1) 1
Balance at Sep. 30, 2023 19,707 11,182 (621) 12,742 (3,917) 321
Balance at Jun. 30, 2023 18,934 11,270 (750) 11,974 (3,886) 326
Net income 1,136     1,123   13
Currency translation adjustments (46)       (46)  
Changes in fair value of cash flow hedges 22       22  
Pension and other postretirement benefit plans (6)       (6)  
Shares sold to optionees, less shares exchanged 47 (22) 69      
Vesting of restricted stock, net of taxes withheld (18) (84) 66      
Employee stock purchase plan 104 (39) 143      
Stock repurchase program (151)   (151)      
Stock-based compensation expense 58 58        
Dividends declared (355)     (355)    
Dividends paid to noncontrolling interests (18)         (18)
Other   (1) 2   (1)  
Balance at Sep. 30, 2023 19,707 11,182 (621) 12,742 (3,917) 321
Balance at Dec. 31, 2023 $ 21,359 $ 11,624 $ (678) 13,497 (4,254) 1,170
Balance, shares at Dec. 31, 2023 1,427 1,439        
Treasury shares , Balance at Dec. 31, 2023     (12)      
Net income $ 3,461     3,366   95
Currency translation adjustments 11       11  
Changes in unrealized gain on marketable securities 14       14  
Changes in fair value of cash flow hedges (45)       (45)  
Pension and other postretirement benefit plans (15)       (15)  
Shares sold to optionees, less shares exchanged 25 $ (9) $ 34      
Vesting of restricted stock, net of taxes withheld $ (86) (386) $ 300      
Shares sold to optionees, less shares exchanged, shares 1   1      
Vesting of restricted stock, shares 5   5      
Employee stock purchase plan $ 219 (65) $ 284      
Shares issued under employee stock purchase plan, shares 5   5      
Stock repurchase program $ (1,236)   $ (1,236)      
Stock repurchase program, shares (26)   (26)      
Stock-based compensation expense $ 244 244        
Dividends declared (1,176)     (1,176)    
Dividends paid to noncontrolling interests (36)         (36)
Other (11)   $ 2   (1) (12)
Balance at Sep. 30, 2024 $ 22,728 $ 11,408 $ (1,294) 15,687 (4,290) 1,217
Balance, shares at Sep. 30, 2024 1,412 1,439        
Treasury shares, Balance at Sep. 30, 2024     (27)      
Balance at Jun. 30, 2024 $ 22,280 $ 11,401 $ (973) 14,890 (4,247) 1,209
Net income 1,218     1,186   32
Currency translation adjustments (42)       (42)  
Changes in unrealized gain on marketable securities 14       14  
Changes in fair value of cash flow hedges (7)       (7)  
Pension and other postretirement benefit plans (6)       (6)  
Shares sold to optionees, less shares exchanged 5   5      
Vesting of restricted stock, net of taxes withheld (8) (35) 27      
Employee stock purchase plan 119 (29) 148      
Stock repurchase program (501)   (501)      
Stock-based compensation expense 71 71        
Dividends declared (389)     (389)    
Dividends paid to noncontrolling interests (24)         (24)
Other (2)       (2)  
Balance at Sep. 30, 2024 $ 22,728 $ 11,408 $ (1,294) $ 15,687 $ (4,290) $ 1,217
Balance, shares at Sep. 30, 2024 1,412 1,439        
Treasury shares, Balance at Sep. 30, 2024     (27)