v3.25.4
Common Stock and Stock Plans (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Common Stock Shares
Table 11.1 and Table 11.2 present information related to our common stock.

Table 11.1: Common Stock Shares
Number of shares 
Shares reserved (1)203,107,858 
Shares issued5,481,811,474 
Shares not reserved or issued3,315,080,668 
Total shares authorized9,000,000,000 
(1)Shares reserved for employee stock plans (employee restricted share rights, performance share awards, 401(k), and deferred compensation plans), convertible securities, dividend reinvestment and common stock purchase plans, and director plans.
Common Stock Shares Outstanding
Table 11.2: Common Stock Shares Outstanding
Year ended December 31,
(in millions)202520242023
Balance, beginning of period3,288.9 3,598.9 3,833.8 
Issued
24.9 22.8 37.2 
Repurchased
(221.2)(332.8)(272.1)
Balance, end of period3,092.6 3,288.9 3,598.9 
Stock Compensation Expense
Table 11.3 summarizes the major components of stock compensation expense and the related recognized tax benefit.
Table 11.3: Stock Compensation Expense
Year ended December 31,
(in millions)202520242023
RSRs and stock options$1,407 1,180 1,069 
PSAs69 101 53 
Total stock compensation expense $1,476 1,281 1,122 
Related recognized tax benefit$365 317 277 
Restricted Share Rights A summary of the status of our RSRs at December 31, 2025, and changes during 2025 is presented in Table 11.4.
Table 11.4: Restricted Share Rights
Number Weighted- 
 average 
 grant-date 
 fair value 
Nonvested at January 1, 2025
62,041,896 $45.10 
Granted 25,373,392 77.44 
Vested(24,762,808)45.29 
Canceled or forfeited(2,610,513)59.26 
Nonvested at December 31, 2025
60,041,967 59.55 
Performance Share Awards
A summary of the status of our PSAs at December 31, 2025, and changes during 2025 is in Table 11.5, based on the performance adjustments recognized as of December 2025.

Table 11.5: Performance Share Awards
Number Weighted- 
 average
 grant-date
 fair value
Nonvested at January 1, 2025
3,439,368 $33.37 
Granted1,164,554 70.94 
Vested(1,653,573)52.85 
Nonvested at December 31, 2025
2,950,349 55.92