Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Stockholders' Equity

v3.24.3
Consolidated Statements of Stockholders' Equity - USD ($)
shares in Thousands, $ in Millions
Total
O2024Q1Dividends
O2024Q2Dividends
O2024Q3Dividends
O2023Q1Dividends
O2023Q2Dividends
O2023Q3Dividends
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings
Non-controlling Interest
Redeemable Noncontrolling Interest
Common Stock, Shares, Outstanding, Beginning of Period at Dec. 31, 2022               245,500          
Treasury Stock, Shares, Beginning of Period at Dec. 31, 2022                 31,200        
Stockholders' Equity, Beginning of Period at Dec. 31, 2022 $ (171)             $ 1 $ (2,342) $ 4,314 $ (4,942) $ 2,798  
Redeemable non-controlling interest at Dec. 31, 2022                         $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Vesting of share-based compensation awards, shares               1,000 0        
Vesting of share-based compensation awards 0             $ 0 $ 0 0 0 0  
Share-based compensation 43             $ 0 $ 0 43 0 0  
Shares withheld from employees related to share-based compensation, at cost, shares, common stock               (200)          
Issued shares withheld from employees related to share-based compensation, at cost, shares, treasury shares                 200        
Issued shares withheld from employees related to share-based compensation, at cost (55)             $ 0 $ (26) (29) 0 0  
Shares repurchased, at cost, shares               3,100 3,100        
Shares repurchased, at cost (453)             $ 0 $ (453) 0 0 0  
Net income 6,435             0 0 0 5,434 1,001  
Distributions to non-controlling interest (261)             0 0 0 0 (261)  
Dividends declared (98)             $ 0 $ 0 0 (98) 0  
Common Stock, Shares, Outstanding, End of Period at Mar. 31, 2023               243,200          
Treasury Stock, Shares, End of Period at Mar. 31, 2023                 34,500        
Stockholders' Equity, End of Period at Mar. 31, 2023 5,440             $ 1 $ (2,821) 4,328 394 3,538  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Mar. 31, 2023                         0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Common Stock, Dividends, Per Share, Declared         $ 0.395                
Common Stock, Shares, Outstanding, Beginning of Period at Dec. 31, 2022               245,500          
Treasury Stock, Shares, Beginning of Period at Dec. 31, 2022                 31,200        
Stockholders' Equity, Beginning of Period at Dec. 31, 2022 $ (171)             $ 1 $ (2,342) 4,314 (4,942) 2,798  
Redeemable non-controlling interest at Dec. 31, 2022                         0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Shares repurchased, at cost, shares 7,570                        
Net income $ 10,233                        
Common Stock, Shares, Outstanding, End of Period at Sep. 30, 2023               238,800          
Treasury Stock, Shares, End of Period at Sep. 30, 2023                 39,000        
Stockholders' Equity, End of Period at Sep. 30, 2023 7,907             $ 1 $ (3,522) 4,394 3,271 3,763  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Sep. 30, 2023                         0
Common Stock, Shares, Outstanding, Beginning of Period at Mar. 31, 2023               243,200          
Treasury Stock, Shares, Beginning of Period at Mar. 31, 2023                 34,500        
Stockholders' Equity, Beginning of Period at Mar. 31, 2023 5,440             $ 1 $ (2,821) 4,328 394 3,538  
Redeemable non-controlling interest at Mar. 31, 2023                         0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Share-based compensation 36             $ 0 $ 0 36 0 0  
Shares withheld from employees related to share-based compensation, at cost, shares, common stock               0          
Issued shares withheld from employees related to share-based compensation, at cost, shares, treasury shares                 0        
Issued shares withheld from employees related to share-based compensation, at cost (1)             $ 0 $ 0 (1) 0 0  
Shares repurchased, at cost, shares               2,300 2,300        
Shares repurchased, at cost (341)             $ 0 $ (341) 0 0 0  
Net income 1,707             0 0 0 1,369 338  
Distributions to non-controlling interest (252)             0 0 0 0 (252)  
Dividends declared (97)             $ 0 $ 0 0 (97) 0  
Common Stock, Shares, Outstanding, End of Period at Jun. 30, 2023               240,900          
Treasury Stock, Shares, End of Period at Jun. 30, 2023                 36,800        
Stockholders' Equity, End of Period at Jun. 30, 2023 6,492             $ 1 $ (3,162) 4,363 1,666 3,624  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Jun. 30, 2023                         0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Common Stock, Dividends, Per Share, Declared           $ 0.395              
Vesting of share-based compensation awards, shares               100 0        
Vesting of share-based compensation awards 0             $ 0 $ 0 0 0 0  
Share-based compensation 37             $ 0 $ 0 37 0 0  
Shares withheld from employees related to share-based compensation, at cost, shares, common stock               0          
Issued shares withheld from employees related to share-based compensation, at cost, shares, treasury shares                 0        
Issued shares withheld from employees related to share-based compensation, at cost $ (6)             $ 0 $ 0 (6) 0 0  
Shares repurchased, at cost, shares 2,210             2,200 2,200        
Shares repurchased, at cost $ (360)             $ 0 $ (360) 0 0 0  
Net income 2,091             0 0 0 1,701 390  
Distributions to non-controlling interest (251)             0 0 0 0 (251)  
Dividends declared (96)             $ 0 $ 0 0 (96) 0  
Common Stock, Shares, Outstanding, End of Period at Sep. 30, 2023               238,800          
Treasury Stock, Shares, End of Period at Sep. 30, 2023                 39,000        
Stockholders' Equity, End of Period at Sep. 30, 2023 7,907             $ 1 $ (3,522) 4,394 3,271 3,763  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Sep. 30, 2023                         0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Common Stock, Dividends, Per Share, Declared             $ 0.395            
Common Stock, Shares, Outstanding, Beginning of Period at Dec. 31, 2023               237,000          
Treasury Stock, Shares, Beginning of Period at Dec. 31, 2023                 40,900        
Stockholders' Equity, Beginning of Period at Dec. 31, 2023 9,020             $ 1 $ (3,864) 4,377 4,546 3,960  
Redeemable non-controlling interest at Dec. 31, 2023 0                       0 [1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Vesting of share-based compensation awards, shares               600 0        
Vesting of share-based compensation awards 0             $ 0 $ 0 0 0 0  
Share-based compensation 34             $ 0 $ 0 34 0 0  
Shares withheld from employees related to share-based compensation, at cost, shares, common stock               0          
Issued shares withheld from employees related to share-based compensation, at cost, shares, treasury shares                 0        
Issued shares withheld from employees related to share-based compensation, at cost (40)             $ 0 $ 0 (40) 0 0  
Shares repurchased, at cost, shares               7,500 7,500        
Shares repurchased, at cost (1,203)             $ 0 $ (1,203) 0 0 0  
Net income 839             0 0 0 502 337  
Contributions from redeemable non-controlling interest [1]                         4
Distributions to non-controlling interest (253)             0 0 0 0 (253)  
Dividends declared (103)             $ 0 $ 0 0 (103) 0  
Common Stock, Shares, Outstanding, End of Period at Mar. 31, 2024               230,100          
Treasury Stock, Shares, End of Period at Mar. 31, 2024                 48,400        
Stockholders' Equity, End of Period at Mar. 31, 2024 8,294             $ 1 $ (5,067) 4,371 4,945 4,044  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Mar. 31, 2024 [1]                         4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Common Stock, Dividends, Per Share, Declared   $ 0.435                      
Common Stock, Shares, Outstanding, Beginning of Period at Dec. 31, 2023               237,000          
Treasury Stock, Shares, Beginning of Period at Dec. 31, 2023                 40,900        
Stockholders' Equity, Beginning of Period at Dec. 31, 2023 9,020             $ 1 $ (3,864) 4,377 4,546 3,960  
Redeemable non-controlling interest at Dec. 31, 2023 $ 0                       0 [1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Shares repurchased, at cost, shares 12,240                        
Net income $ 3,208                        
Common Stock, Shares, Outstanding, End of Period at Sep. 30, 2024               225,400          
Treasury Stock, Shares, End of Period at Sep. 30, 2024                 53,100        
Stockholders' Equity, End of Period at Sep. 30, 2024 9,347             $ 1 $ (5,853) 4,436 6,518 4,245  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Sep. 30, 2024 6                       6 [1]
Common Stock, Shares, Outstanding, Beginning of Period at Mar. 31, 2024               230,100          
Treasury Stock, Shares, Beginning of Period at Mar. 31, 2024                 48,400        
Stockholders' Equity, Beginning of Period at Mar. 31, 2024 8,294             $ 1 $ (5,067) 4,371 4,945 4,044  
Redeemable non-controlling interest at Mar. 31, 2024 [1]                         4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Share-based compensation 36             $ 0 $ 0 36 0 0  
Shares withheld from employees related to share-based compensation, at cost, shares, common stock               0          
Issued shares withheld from employees related to share-based compensation, at cost, shares, treasury shares                 0        
Issued shares withheld from employees related to share-based compensation, at cost (1)             $ 0 $ 0 1 0 0  
Shares repurchased, at cost, shares               3,100 3,100        
Shares repurchased, at cost (501)             $ 0 $ (501) 0 0 0  
Net income 1,162             0 0 0 880 282  
Contributions from redeemable non-controlling interest [1]                         2
Distributions to non-controlling interest (198)             0 0 0 0 (198)  
Dividends declared (200)             $ 0 $ 0 0 (200) 0  
Common Stock, Shares, Outstanding, End of Period at Jun. 30, 2024               227,000          
Treasury Stock, Shares, End of Period at Jun. 30, 2024                 51,500        
Stockholders' Equity, End of Period at Jun. 30, 2024 8,592             $ 1 $ (5,568) 4,406 5,625 4,128  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Jun. 30, 2024 [1]                         6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Common Stock, Dividends, Per Share, Declared     $ 0.435 $ 0.435                  
Share-based compensation 34             $ 0 $ 0 34 0 0  
Shares withheld from employees related to share-based compensation, at cost, shares, common stock               0          
Issued shares withheld from employees related to share-based compensation, at cost, shares, treasury shares                 0        
Issued shares withheld from employees related to share-based compensation, at cost $ (4)             $ 0 $ 0 (4) 0 0  
Shares repurchased, at cost, shares 1,580             1,600 1,600        
Shares repurchased, at cost $ (285)             $ 0 $ (285) 0 0 0  
Net income 1,207             0 0 0 893 314  
Distributions to non-controlling interest (197)             $ 0 $ 0 0 0 (197)  
Common Stock, Shares, Outstanding, End of Period at Sep. 30, 2024               225,400          
Treasury Stock, Shares, End of Period at Sep. 30, 2024                 53,100        
Stockholders' Equity, End of Period at Sep. 30, 2024 9,347             $ 1 $ (5,853) $ 4,436 $ 6,518 $ 4,245  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Sep. 30, 2024 $ 6                       $ 6 [1]
[1] Redeemable non-controlling interest represents the economic interest held by a third party in one of our consolidated VIEs that is redeemable for cash under certain circumstances, including those that are outside of our control. As such, the economic interest is not a component of permanent equity on our Consolidated Balance Sheets