v3.25.4
Taxes - Effective Income Tax Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income (loss) before income taxes      
United States $ 5,979 $ 8,056 $ 8,565
International 13,764 19,450 21,019
Income (Loss) Before Income Tax Expense 19,743 27,506 29,584
Effective Income Tax Rate Reconciliation, Amount      
Theoretical tax (at U.S. statutory rate of 21%) 4,146 5,776 6,213
Equity affiliate accounting effect   845 1,072
Statutory tax rate difference 2,686 4,742 3,001
State and local taxes on income, net of U.S. federal income tax benefit 142 214 252
Prior year tax adjustments, claims and settlements   (30) (32)
Tax credits   (28) (20)
Other U.S.   (72) (169)
Total income tax expense (benefit) $ 7,258 $ 9,757 $ 8,173
Effective income tax rate 36.80% 35.50% 27.60%
One-time tax costs (benefits) associated with changes in valuation allowances $ 2,773 $ 12 $ 84