Quarterly report [Sections 13 or 15(d)]

Statements of Unaudited Condensed Consolidated Changes in Equity Statement

v3.25.2
Statements of Unaudited Condensed Consolidated Changes in Equity Statement - USD ($)
$ in Millions
Total
Common Stock
Capital in Excess of Par Value of Shares
Retained Earnings
Common Shares in Treasury
AOCI
Non-Controlling Interest
Balance, beginning of period (in shares) at Dec. 31, 2023   504,900,000          
Balance, beginning of period at Dec. 31, 2023 $ 8,122 $ 66 $ 4,861 $ 1,733 $ (430) $ 1,657 $ 235
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic       (67)      
Comprehensive income (loss) (62)         (9) 14
Common stock repurchases (shares)   (30,400,000)          
Stock and other incentive plans (in shares)   1,000,000.0          
Stock and other incentive plans     (10)        
Stock and other incentive plans 5       15    
Stock Repurchased During Period, Value (615)       (615)    
Net distributions to noncontrolling interests (8)           (8)
Balance, end of period (in shares) at Mar. 31, 2024   475,500,000          
Balance, end of period at Mar. 31, 2024 7,442 $ 66 4,851 1,666 (1,030) 1,648 241
Balance, beginning of period (in shares) at Dec. 31, 2023   504,900,000          
Balance, beginning of period at Dec. 31, 2023 8,122 $ 66 4,861 1,733 (430) 1,657 235
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic (65)            
Comprehensive income (loss) (35)            
Common stock repurchases (shares)   (37,900,000)          
Balance, end of period (in shares) at Jun. 30, 2024   468,000,000.0          
Balance, end of period at Jun. 30, 2024 7,372 $ 66 4,864 1,668 (1,154) 1,666 262
Balance, beginning of period (in shares) at Mar. 31, 2024   475,500,000          
Balance, beginning of period at Mar. 31, 2024 7,442 $ 66 4,851 1,666 (1,030) 1,648 241
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic 2     2      
Comprehensive income (loss) 27         18 7
Common stock repurchases (shares)   (7,500,000)          
Stock and other incentive plans     13        
Stock and other incentive plans 14       1    
Stock Repurchased During Period, Value (125)       (125)    
Net contributions to noncontrolling interests 14           14
Balance, end of period (in shares) at Jun. 30, 2024   468,000,000.0          
Balance, end of period at Jun. 30, 2024 $ 7,372 $ 66 4,864 1,668 (1,154) 1,666 262
Balance, beginning of period (in shares) at Dec. 31, 2024 493,948,905 493,900,000          
Balance, beginning of period at Dec. 31, 2024 $ 6,897 $ 66 4,758 979 (676) 1,537 233
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic       (495)      
Comprehensive income (loss) (408)         75 12
Stock and other incentive plans (in shares)   600,000          
Stock and other incentive plans     (2)        
Stock and other incentive plans 10       12    
Net distributions to noncontrolling interests (15)           (15)
Balance, end of period (in shares) at Mar. 31, 2025   494,500,000          
Balance, end of period at Mar. 31, 2025 $ 6,484 $ 66 4,756 484 (664) 1,612 230
Balance, beginning of period (in shares) at Dec. 31, 2024 493,948,905 493,900,000          
Balance, beginning of period at Dec. 31, 2024 $ 6,897 $ 66 4,758 979 (676) 1,537 233
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic (978)            
Comprehensive income (loss) $ (846)            
Common stock repurchases (shares)   0          
Balance, end of period (in shares) at Jun. 30, 2025 494,679,326 494,700,000          
Balance, end of period at Jun. 30, 2025 $ 6,042 $ 66 4,768 1 (660) 1,644 223
Balance, beginning of period (in shares) at Mar. 31, 2025   494,500,000          
Balance, beginning of period at Mar. 31, 2025 6,484 $ 66 4,756 484 (664) 1,612 230
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic (483)     (483)      
Comprehensive income (loss) (438)         32 13
Common stock repurchases (shares)   0          
Stock and other incentive plans (in shares)   200,000          
Stock and other incentive plans     12        
Stock and other incentive plans 16       4    
Net distributions to noncontrolling interests $ (20)           (20)
Balance, end of period (in shares) at Jun. 30, 2025 494,679,326 494,700,000          
Balance, end of period at Jun. 30, 2025 $ 6,042 $ 66 $ 4,768 $ 1 $ (660) $ 1,644 $ 223