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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2022   226.9          
Beginning balance at Dec. 31, 2022 $ 10,147 $ 2 $ 7,953 $ (1,769) $ 4,577 $ (661) $ 45
Beginning balance (in shares) at Dec. 31, 2022       (45.7)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends (31)       (31)    
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax (17)   (23) $ 6      
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax (in shares)       0.3      
Stock based compensation 10   10        
Net income 173       169   4
Other comprehensive (loss) income, net of tax 30         30  
Stock repurchase (in shares)       (1.7)      
Stock repurchase (178)     $ (178)      
Ending balance (in shares) at Mar. 31, 2023   226.9          
Ending balance at Mar. 31, 2023 10,134 $ 2 7,940 $ (1,941) 4,715 (631) 49
Ending balance (in shares) at Mar. 31, 2023       (47.1)      
Beginning balance (in shares) at Dec. 31, 2022   226.9          
Beginning balance at Dec. 31, 2022 10,147 $ 2 7,953 $ (1,769) 4,577 (661) 45
Beginning balance (in shares) at Dec. 31, 2022       (45.7)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 608            
Other comprehensive (loss) income, net of tax (52)            
Ending balance (in shares) at Sep. 30, 2023   226.9          
Ending balance at Sep. 30, 2023 10,367 $ 2 7,965 $ (2,013) 5,085 (713) 41
Ending balance (in shares) at Sep. 30, 2023       (47.8)      
Beginning balance (in shares) at Mar. 31, 2023   226.9          
Beginning balance at Mar. 31, 2023 10,134 $ 2 7,940 $ (1,941) 4,715 (631) 49
Beginning balance (in shares) at Mar. 31, 2023       (47.1)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends (31)       (31)    
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax 0   (3) $ 3      
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax (in shares)       0.1      
Stock based compensation 12   12        
Net income 193       191   2
Other comprehensive (loss) income, net of tax 7         7  
Stock repurchase (in shares)       (0.8)      
Stock repurchase (76)     $ (76)      
Distribution to noncontrolling interest (12)       0   (12)
Ending balance (in shares) at Jun. 30, 2023   226.9          
Ending balance at Jun. 30, 2023 10,227 $ 2 7,949 $ (2,014) 4,875 (624) 39
Ending balance (in shares) at Jun. 30, 2023       (47.8)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends (30)       (30)    
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax 3   2 $ 1      
Stock based compensation 14   14        
Net income 242       240   2
Other comprehensive (loss) income, net of tax (89)         (89)  
Ending balance (in shares) at Sep. 30, 2023   226.9          
Ending balance at Sep. 30, 2023 $ 10,367 $ 2 7,965 $ (2,013) 5,085 (713) 41
Ending balance (in shares) at Sep. 30, 2023       (47.8)      
Beginning balance (in shares) at Dec. 31, 2023 177.8 226.9          
Beginning balance at Dec. 31, 2023 $ 10,524 $ 2 7,977 $ (2,171) 5,269 (590) 37
Beginning balance (in shares) at Dec. 31, 2023 (49.1)     (49.1)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends $ (36)       (36)    
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax (20)   (22) $ 2      
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax (in shares)       0.3      
Stock based compensation 12   12        
Net income 277       272   5
Other comprehensive (loss) income, net of tax (77)         (77)  
Stock repurchase (in shares)       (1.3)      
Stock repurchase (176)     $ (176)      
Ending balance (in shares) at Mar. 31, 2024   226.9          
Ending balance at Mar. 31, 2024 $ 10,504 $ 2 7,967 $ (2,345) 5,505 (667) 42
Ending balance (in shares) at Mar. 31, 2024       (50.1)      
Beginning balance (in shares) at Dec. 31, 2023 177.8 226.9          
Beginning balance at Dec. 31, 2023 $ 10,524 $ 2 7,977 $ (2,171) 5,269 (590) 37
Beginning balance (in shares) at Dec. 31, 2023 (49.1)     (49.1)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 854            
Other comprehensive (loss) income, net of tax $ (17)            
Ending balance (in shares) at Sep. 30, 2024 171.9 226.9          
Ending balance at Sep. 30, 2024 $ 10,291 $ 2 7,999 $ (3,151) 6,007 (607) 41
Ending balance (in shares) at Sep. 30, 2024 (55.0)     (55.0)      
Beginning balance (in shares) at Mar. 31, 2024   226.9          
Beginning balance at Mar. 31, 2024 $ 10,504 $ 2 7,967 $ (2,345) 5,505 (667) 42
Beginning balance (in shares) at Mar. 31, 2024       (50.1)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends (35)       (35)    
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax 2   0 $ 2      
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax (in shares)       0.1      
Stock based compensation 14   14        
Net income 291       289   2
Other comprehensive (loss) income, net of tax (53)         (53)  
Stock repurchase (in shares)       (1.3)      
Stock repurchase (202)     $ (202)      
Distribution to noncontrolling interest (1)           (1)
Ending balance (in shares) at Jun. 30, 2024   226.9          
Ending balance at Jun. 30, 2024 10,520 $ 2 7,981 $ (2,545) 5,759 (720) 43
Ending balance (in shares) at Jun. 30, 2024       (51.3)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends (35)       (35)    
Proceeds from treasury stock issued from the exercise of stock options and other benefit plans, net of tax (1)   0 $ (1)      
Stock based compensation 18   18        
Net income 286       283   3
Other comprehensive (loss) income, net of tax 113         113  
Stock repurchase (in shares)       (3.7)      
Stock repurchase (605)     $ (605)      
Distribution to noncontrolling interest $ (5)           (5)
Ending balance (in shares) at Sep. 30, 2024 171.9 226.9          
Ending balance at Sep. 30, 2024 $ 10,291 $ 2 $ 7,999 $ (3,151) $ 6,007 $ (607) $ 41
Ending balance (in shares) at Sep. 30, 2024 (55.0)     (55.0)