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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock Issued
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Balance at Dec. 31, 2021 $ 15,286 $ 12,608 $ (2,233) $ 8,199 $ (3,570) $ 282
Balance, shares at Dec. 31, 2021 1,403 1,434        
Treasury shares, Balance at Dec. 31, 2021     (31)      
Net income $ 3,492     3,441   51
Currency translation adjustments (26)       (26)  
Changes in fair value of cash flow hedges (31)       (31)  
Pension and other postretirement benefit plans (229)       (229)  
Vesting of restricted stock, net of taxes withheld $ (93) $ (795) $ 702      
Vesting of restricted stock, net of taxes withheld, shares 10   10      
Employee stock purchase plan $ 142 (222) $ 364      
Employee stock purchase plan, shares 5   5      
Stock-based compensation expense $ 313 313        
Shares sold to optionees, less shares exchanged $ 81 (67) $ 148      
Shares sold to optionees, less shares exchanged, shares 2   2      
Dividends declared $ (921)     (921)    
Other (25)   $ 3   1 (29)
Balance at Dec. 31, 2022 $ 17,989 $ 11,837 $ (1,016) 10,719 (3,855) 304
Balance, shares at Dec. 31, 2022 1,420 1,434        
Treasury shares, Balance at Dec. 31, 2022     (14)      
Net income $ 4,275     4,203   72
Currency translation adjustments (113)       (113)  
Changes in fair value of cash flow hedges 158       158  
Pension and other postretirement benefit plans (414)       (414)  
Vesting of restricted stock, net of taxes withheld $ (169) $ (702) $ 533      
Vesting of restricted stock, net of taxes withheld, shares 8   8      
Employee stock purchase plan $ 191 (162) $ 353      
Employee stock purchase plan, shares 5   5      
Stock repurchase program $ (694)   $ (694)      
Stock repurchase program, shares (13)   (13)      
Stock-based compensation expense $ 293 293        
Shares sold to optionees, less shares exchanged $ 90 (53) $ 143      
Shares sold to optionees, less shares exchanged, shares 2   2      
Dividends declared $ (1,425)     (1,425)    
Acquisition of Aker Subsea $ 1,254 $ 413       841
Acquisition of Aker Subsea, Shares 5 5        
Other $ (76) $ (2) $ 3   (30) (47)
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 $ 4,579     4,461   118
Currency translation adjustments (138)       (138)  
Changes in fair value of cash flow hedges 4       4  
Pension and other postretirement benefit plans (566)       (566)  
Vesting of restricted stock, net of taxes withheld $ (90) $ (407) $ 317      
Vesting of restricted stock, net of taxes withheld, shares 6   6      
Employee stock purchase plan $ 219 (65) $ 284      
Employee stock purchase plan, shares 5   5      
Stock repurchase program $ (1,737)   $ (1,737)      
Stock repurchase program, shares (38)   (38)      
Stock-based compensation expense $ 316 316        
Shares sold to optionees, less shares exchanged $ 29 (10) $ 39      
Shares sold to optionees, less shares exchanged, shares 1   1      
Dividends declared $ (1,563)     (1,563)    
Other (62)   $ 2   4 (68)
Balance at Dec. 31, 2024 $ 22,350 $ 11,458 $ (1,773) $ 16,395 $ (4,950) $ 1,220
Balance, shares at Dec. 31, 2024 1,401 1,439        
Treasury shares, Balance at Dec. 31, 2024     (38)