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Consolidated Statement of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Common stock
Treasury stock
Profit employed in the business
Accumulated other comprehensive income (loss)
Noncontrolling interests
Beginning balance at Dec. 31, 2021 $ 16,516 $ 6,398 $ (27,643) $ 39,282 $ (1,553) $ 32
Increase (Decrease) in Shareholders' Equity            
Profit of consolidated and affiliated companies 3,210     3,210    
Foreign currency translation, net of tax (774)       (774)  
Pension and other postretirement benefits, net of tax (2)       (2)  
Derivative financial instruments, net of tax (63)       (63)  
Available-for-sale securities, net of tax (107)       (107)  
Dividends declared [1] (1,229)     (1,229)    
Common shares issued from treasury stock for stock-based compensation 4 (61) 65      
Stock-based compensation expense 107 107        
Common shares repurchased [2] (1,924)   (1,924)      
Other 21 20 1      
Ending balance at Jun. 30, 2022 15,759 6,464 (29,501) 41,263 (2,499) 32
Beginning balance at Mar. 31, 2022 17,097 6,281 (28,326) 40,820 (1,710) 32
Increase (Decrease) in Shareholders' Equity            
Profit of consolidated and affiliated companies 1,673     1,673    
Foreign currency translation, net of tax (659)       (659)  
Pension and other postretirement benefits, net of tax (1)       (1)  
Derivative financial instruments, net of tax (86)       (86)  
Available-for-sale securities, net of tax (43)       (43)  
Dividends declared [3] (1,230)     (1,230)    
Common shares issued from treasury stock for stock-based compensation 32 4 28      
Stock-based compensation expense 67 67        
Common shares repurchased [4] (1,204)   (1,204)      
Other 113 112 1      
Ending balance at Jun. 30, 2022 15,759 6,464 (29,501) 41,263 (2,499) 32
Beginning balance at Dec. 31, 2022 15,891 6,560 (31,748) 43,514 (2,457) 22
Increase (Decrease) in Shareholders' Equity            
Profit of consolidated and affiliated companies 4,866     4,865   1
Foreign currency translation, net of tax 465       465  
Pension and other postretirement benefits, net of tax (5)       (5)  
Derivative financial instruments, net of tax 43       43  
Available-for-sale securities, net of tax 8       8  
Dividends declared [1] (1,285)     (1,285)    
Common shares issued from treasury stock for stock-based compensation (22) (71) 49      
Stock-based compensation expense 118 118        
Common shares repurchased [2] (1,679)   (1,679)      
Outstanding authorized accelerated share repurchase (150) (150)        
Other 6 21 (13)     (2)
Ending balance at Jun. 30, 2023 18,256 6,478 (33,391) 47,094 (1,946) 21
Beginning balance at Mar. 31, 2023 18,170 6,546 (32,108) 45,457 (1,746) 21
Increase (Decrease) in Shareholders' Equity            
Profit of consolidated and affiliated companies 2,924     2,922   2
Foreign currency translation, net of tax (142)       (142)  
Pension and other postretirement benefits, net of tax (3)       (3)  
Derivative financial instruments, net of tax (41)       (41)  
Available-for-sale securities, net of tax (14)       (14)  
Dividends declared [3] (1,285)     (1,285)    
Common shares issued from treasury stock for stock-based compensation 3 (5) 8      
Stock-based compensation expense 74 74 0      
Common shares repurchased [4] (1,279) 0 (1,279)      
Outstanding authorized accelerated share repurchase (150) (150)        
Other (1) 13 (12)     (2)
Ending balance at Jun. 30, 2023 $ 18,256 $ 6,478 $ (33,391) $ 47,094 $ (1,946) $ 21
[1] 1 Dividends per share of common stock of $2.50 and $2.31 were declared in the six months ended June 30, 2023 and 2022, respectively.
[2] 2 See Note 12 for additional information.
[3] 1 Dividends per share of common stock of $2.50 and $2.31 were declared in the three months ended June 30, 2023 and 2022, respectively.
[4] 2 See Note 12 for additional information.