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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock Issued
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Balance at Dec. 31, 2022 $ 17,989 $ 11,837 $ (1,016) $ 10,719 $ (3,855) $ 304
Net income 1,990     1,967   23
Currency translation adjustments (77)       (77)  
Changes in fair value of cash flow hedges 58       58  
Pension and other postretirement benefit plans (12)       (12)  
Shares sold to optionees, less shares exchanged 38 (31) 69      
Vesting of restricted stock, net of taxes withheld (144) (573) 429      
Employee stock purchase plan 86 (123) 209      
Stock repurchase program (443)   (443)      
Stock-based compensation expense 160 160        
Dividends declared (712)     (712)    
Dividends paid to noncontrolling interests (2)         (2)
Other 3   2     1
Balance at Jun. 30, 2023 18,934 11,270 (750) 11,974 (3,886) 326
Balance at Mar. 31, 2023 18,380 11,264 (559) 11,296 (3,933) 312
Net income 1,047     1,033   14
Currency translation adjustments (43)       (43)  
Changes in fair value of cash flow hedges 96       96  
Pension and other postretirement benefit plans (6)       (6)  
Shares sold to optionees, less shares exchanged 3 (3) 6      
Vesting of restricted stock, net of taxes withheld (56) (70) 14      
Stock repurchase program (213)   (213)      
Stock-based compensation expense 79 79        
Dividends declared (355)     (355)    
Other 2   2      
Balance at Jun. 30, 2023 18,934 11,270 (750) 11,974 (3,886) 326
Balance at Dec. 31, 2023 $ 21,359 $ 11,624 $ (678) 13,497 (4,254) 1,170
Balance, shares at Dec. 31, 2023 1,427 1,439        
Treasury shares , Balance at Dec. 31, 2023     (12)      
Net income $ 2,243     2,180   63
Currency translation adjustments 53       53  
Changes in fair value of cash flow hedges (38)       (38)  
Pension and other postretirement benefit plans (9)       (9)  
Shares sold to optionees, less shares exchanged 20 $ (9) $ 29      
Vesting of restricted stock, net of taxes withheld $ (78) (351) $ 273      
Shares sold to optionees, less shares exchanged, shares 1   1      
Vesting of restricted stock, shares 5   5      
Employee stock purchase plan $ 100 (36) $ 136      
Shares issued under employee stock purchase plan, shares 2   2      
Stock repurchase program $ (735)   $ (735)      
Stock repurchase program, shares (15)   (15)      
Stock-based compensation expense $ 173 173        
Dividends declared (787)     (787)    
Other (21)   $ 2   1 (24)
Balance at Jun. 30, 2024 $ 22,280 $ 11,401 $ (973) 14,890 (4,247) 1,209
Balance, shares at Jun. 30, 2024 1,420 1,439        
Treasury shares, Balance at Jun. 30, 2024     (19)      
Balance at Mar. 31, 2024 $ 21,923 $ 11,344 $ (531) 14,172 (4,249) 1,187
Net income 1,145     1,112   33
Currency translation adjustments 30       30  
Changes in fair value of cash flow hedges (20)       (20)  
Pension and other postretirement benefit plans (4)       (4)  
Shares sold to optionees, less shares exchanged 5 (3) 8      
Vesting of restricted stock, net of taxes withheld 0 (13) 13      
Stock repurchase program (465)   (465)      
Stock-based compensation expense 73 73        
Dividends declared (405)     (394)   (11)
Other (2)   2   (4)  
Balance at Jun. 30, 2024 $ 22,280 $ 11,401 $ (973) $ 14,890 $ (4,247) $ 1,209
Balance, shares at Jun. 30, 2024 1,420 1,439        
Treasury shares, Balance at Jun. 30, 2024     (19)