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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional Contributed Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Earnings (Losses)
Treasury Stock
Noncontrolling Interest
Beginning balance at Dec. 31, 2020 $ 2,093   $ 55 $ 1,239 $ 8,779   $ (61) $ (8,184) $ 265
Stock-based compensation 60     31       28 1
Purchases of treasury stock (700)             (699) (1)
Net earnings 1,114       1,043       71
Other comprehensive earnings (losses) (64)           (35)   (29)
Capital contribution 2               2
Cash dividends paid (357)       (334)       (23)
Ending balance at Dec. 31, 2021 2,160 $ 12 55 1,270 9,500 $ 12 (96) (8,855) 286
Stock-based compensation 53     40       12 1
Purchases of treasury stock (603)             (602) (1)
Net earnings 1,613       1,547       66
Other comprehensive earnings (losses) (118)           (84)   (34)
Cash dividends paid (370)     0 (347)       (23)
Ending balance at Dec. 31, 2022 2,735   55 1,310 10,700   (180) (9,445) 295
Stock-based compensation 60     46       12 2
Purchases of treasury stock (853)             (852) (1)
Net earnings 1,903       1,829       74
Other comprehensive earnings (losses) (13)           8   (21)
Capital contribution 2     (1)         3
Cash dividends paid (393)       (367)       (26)
Ending balance at Dec. 31, 2023 $ 3,441   $ 55 $ 1,355 $ 12,162   $ (172) $ (10,285) $ 326