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Statements of Consolidated Financial Position (Parenthetical) - $ / shares
Dec. 31, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Common shares, par value (in dollars per share) $ 0.125 $ 0.125
Common shares, authorized (in shares) 1,200,000,000 1,200,000,000
Common shares, issued (in shares) 531,051,530 531,051,530
Common shares, outstanding (in shares) 504,886,773 513,340,779
Common shares in treasury (in shares) 26,164,757 17,710,751