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STATEMENTS OF CONDENSED CONSOLIDATED EQUITY (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interest in Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 2022   365,363      
Beginning balance at Dec. 31, 2022 $ 11,213,328 $ 9,891,890 $ 1,283,578 $ (2,994) [1] $ 40,854
Comprehensive income (loss), net of tax          
Net income (loss) 1,152,367   1,151,922   445
Other post-retirement benefits liability adjustment, net of tax expense 213     213 [1]  
Dividends (108,318)   (108,318)    
Share-based compensation plans (in shares)   2,191      
Share-based compensation plans (9,572) $ (9,572)      
Convertible Notes settlements (in shares)   6      
Convertible Notes settlements 82 $ 82      
Repurchase and retirement of common stock (in shares)   (5,906)      
Repurchase and retirement of common stock (201,029) $ (91,545) (109,484)    
Distribution to noncontrolling interest (5,793)       (5,793)
Contribution from noncontrolling interest 3,750       3,750
Ending balance (in shares) at Jun. 30, 2023   361,654      
Ending balance at Jun. 30, 2023 12,045,028 $ 9,790,855 2,217,698 (2,781) [1] 39,256
Beginning balance (in shares) at Mar. 31, 2023   361,586      
Beginning balance at Mar. 31, 2023 12,153,588 $ 9,776,392 2,338,572 (2,830) [2] 41,454
Comprehensive income (loss), net of tax          
Net income (loss) (66,866)   (66,626)   (240)
Other post-retirement benefits liability adjustment, net of tax expense 49     49 [2]  
Dividends (54,248)   (54,248)    
Share-based compensation plans (in shares)   64      
Share-based compensation plans 14,451 $ 14,451      
Convertible Notes settlements (in shares)   4      
Convertible Notes settlements 12 $ 12      
Distribution to noncontrolling interest (1,958)       (1,958)
Ending balance (in shares) at Jun. 30, 2023   361,654      
Ending balance at Jun. 30, 2023 12,045,028 $ 9,790,855 2,217,698 (2,781) [1] 39,256
Beginning balance (in shares) at Dec. 31, 2023   419,896      
Beginning balance at Dec. 31, 2023 14,780,817 $ 12,093,986 2,681,898 (2,684) [1] 7,617
Comprehensive income (loss), net of tax          
Net income (loss) 112,302   113,005   (703)
Other post-retirement benefits liability adjustment, net of tax expense 86     86 [1]  
Dividends (138,963)   (138,963)    
Share-based compensation plans (in shares)   1,709      
Share-based compensation plans (8,392) $ (8,392)      
Convertible Notes settlements (in shares)   19,992      
Convertible Notes settlements 285,608 $ 285,608      
Net settlement of Capped Call Transactions 93,290 $ 93,290      
Ending balance (in shares) at Jun. 30, 2024   441,597      
Ending balance at Jun. 30, 2024 15,124,748 $ 12,464,492 2,655,940 (2,598) [2] 6,914
Beginning balance (in shares) at Mar. 31, 2024   441,558      
Beginning balance at Mar. 31, 2024 15,171,401 $ 12,450,876 2,715,974 (2,641) [2] 7,192
Comprehensive income (loss), net of tax          
Net income (loss) 9,239   9,517   (278)
Other post-retirement benefits liability adjustment, net of tax expense 43     43 [2]  
Dividends (69,551)   (69,551)    
Share-based compensation plans (in shares)   39      
Share-based compensation plans 13,616 $ 13,616      
Ending balance (in shares) at Jun. 30, 2024   441,597      
Ending balance at Jun. 30, 2024 $ 15,124,748 $ 12,464,492 $ 2,655,940 $ (2,598) [2] $ 6,914
[1] Amounts included in accumulated other comprehensive loss are related to other postretirement benefits liability adjustments, net of tax, which are attributable to net actuarial losses and net prior service costs.
[2] Amounts included in accumulated other comprehensive loss are related to other postretirement benefits liability adjustments, net of tax, which are attributable to net actuarial losses and net prior service costs.