| Equity |
Equity During the three months ended March 31, 2026, we repurchased $2.3 billion of shares associated with our share repurchase program. As of March 31, 2026, we had $8.6 billion remaining under our $15.0 billion share repurchase program authorized in December 2024. We retire shares once we repurchase them. The following table summarizes components of equity with significant changes during the three months ended March 31, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | | Additional
Paid-in
Capital | | Retained
Earnings | | Accumulated Other Comprehensive Loss | | Shares | | Amount | Balance at December 31, 2025 | 944.8 | | | $ | 590 | | | $ | 7,346 | | | $ | 24,470 | | | $ | (2,880) | | | Net income | | | | | | | 7,396 | | | | | Other comprehensive income, net of tax | | | | | | | | | 47 | | | | | | | | | | | | | Purchases of common stock | (2.4) | | | (1) | | | | | (2,356) | | | | | | | | | | | | | | | Issuance of stock under employee stock plans, net | 1.1 | | | 1 | | | (586) | | | | | | | Stock-based compensation | | | | | 161 | | | | | | | Other | | | | | | | 4 | | | | Balance at March 31, 2026 | 943.5 | | | $ | 590 | | | $ | 6,921 | | | $ | 29,514 | | | $ | (2,833) | | | | | | | | | | | | Balance at December 31, 2024 | 947.9 | | | $ | 592 | | | $ | 7,439 | | | $ | 13,545 | | | $ | (4,322) | | | Net income | | | | | | | 2,759 | | | | | Other comprehensive income, net of tax | | | | | | | | | 547 | | | | | | | | | | | | | Purchases of common stock | (1.4) | | | (1) | | | | | (1,199) | | | | | | | | | | | | | | | Issuance of stock under employee stock plans, net | 1.6 | | | 1 | | | (683) | | | | | | | Stock-based compensation | | | | | 154 | | | | | | | Other | | | | | | | (6) | | | | Balance at March 31, 2025 | 948.1 | | | $ | 593 | | | $ | 6,910 | | | $ | 15,100 | | | $ | (3,775) | |
The following table summarizes the activity related to each component of accumulated other comprehensive income (loss) during the three months ended March 31, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation(1) | | Retirement
Benefit Plans | | Other | | Accumulated Other Comprehensive Loss | Balance at December 31, 2025 | $ | (1,149) | | | $ | (1,987) | | | $ | 255 | | | $ | (2,880) | | | Other comprehensive income (loss) | 50 | | | (2) | | | (1) | | | 47 | | Balance at March 31, 2026 | $ | (1,099) | | | $ | (1,989) | | | $ | 254 | | | $ | (2,833) | | | | | | | | | | Balance at December 31, 2024 | $ | (2,390) | | | $ | (2,179) | | | $ | 246 | | | $ | (4,322) | | | Other comprehensive income (loss) | 566 | | | (3) | | | (16) | | | 547 | | Balance at March 31, 2025 | $ | (1,824) | | | $ | (2,182) | | | $ | 230 | | | $ | (3,775) | |
(1) Includes the impact of foreign currency transactions designated as net investment hedges. See Note 7 for additional information.
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