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