2024 Q3 Form 10-Q Financial Statement
#000005143424000053 Filed on July 26, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
Revenue | $4.686B | $4.734B |
YoY Change | 1.58% | 1.11% |
Cost Of Revenue | $3.342B | $3.360B |
YoY Change | -0.09% | 0.0% |
Gross Profit | $1.344B | $1.374B |
YoY Change | 5.99% | 3.93% |
Gross Profit Margin | 28.68% | 29.02% |
Selling, General & Admin | $508.0M | $453.0M |
YoY Change | 77.62% | -39.76% |
% of Gross Profit | 37.8% | 32.97% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $267.0M | $261.0M |
YoY Change | 3.49% | 6.97% |
% of Gross Profit | 19.87% | 19.0% |
Operating Expenses | $508.0M | $453.0M |
YoY Change | 77.62% | -54.52% |
Operating Profit | $237.0M | $322.0M |
YoY Change | -32.67% | -1.23% |
Interest Expense | $106.0M | $107.0M |
YoY Change | 0.95% | -281.36% |
% of Operating Profit | 44.73% | 33.23% |
Other Income/Expense, Net | $5.000M | $23.00M |
YoY Change | -75.0% | -291.67% |
Pretax Income | $80.00M | $206.0M |
YoY Change | -65.52% | -19.22% |
Income Tax | -$71.00M | -$293.0M |
% Of Pretax Income | -88.75% | -142.23% |
Net Earnings | $150.0M | $498.0M |
YoY Change | -9.09% | 111.91% |
Net Earnings / Revenue | 3.2% | 10.52% |
Basic Earnings Per Share | $0.43 | $1.43 |
Diluted Earnings Per Share | $0.42 | $1.41 |
COMMON SHARES | ||
Basic Shares Outstanding | 347.4M shares | 347.3M shares |
Diluted Shares Outstanding | 353.4M shares | 352.8M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.159B | $1.049B |
YoY Change | 0.87% | 40.62% |
Cash & Equivalents | $1.159B | $1.049B |
Short-Term Investments | ||
Other Short-Term Assets | $139.0M | $147.0M |
YoY Change | -7.33% | -22.22% |
Inventory | $1.795B | $1.728B |
Prepaid Expenses | ||
Receivables | $3.284B | $3.351B |
Other Receivables | $266.0M | $282.0M |
Total Short-Term Assets | $6.643B | $6.557B |
YoY Change | -2.02% | 1.25% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $9.960B | $9.953B |
YoY Change | -4.53% | -8.87% |
Goodwill | $3.038B | $3.040B |
YoY Change | -0.1% | -0.1% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $2.487B | $2.484B |
YoY Change | -0.2% | -0.08% |
Other Assets | $398.0M | $419.0M |
YoY Change | -5.69% | -24.37% |
Total Long-Term Assets | $16.52B | $16.51B |
YoY Change | -3.8% | -4.07% |
TOTAL ASSETS | ||
Total Short-Term Assets | $6.643B | $6.557B |
Total Long-Term Assets | $16.52B | $16.51B |
Total Assets | $23.16B | $23.06B |
YoY Change | -3.3% | -2.62% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.436B | $2.350B |
YoY Change | 3.09% | -1.84% |
Accrued Expenses | $791.0M | $624.0M |
YoY Change | 51.82% | 16.2% |
Deferred Revenue | $11.00M | $17.00M |
YoY Change | -26.67% | -22.73% |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $259.0M | $259.0M |
YoY Change | 115.83% | 4.44% |
Total Short-Term Liabilities | $4.353B | $4.114B |
YoY Change | 12.13% | 1.16% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $5.307B | $5.329B |
YoY Change | -4.36% | -4.36% |
Other Long-Term Liabilities | $1.129B | $1.099B |
YoY Change | 3.96% | -71.86% |
Total Long-Term Liabilities | $1.129B | $1.099B |
YoY Change | 3.96% | -88.4% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $4.353B | $4.114B |
Total Long-Term Liabilities | $1.129B | $1.099B |
Total Liabilities | $5.482B | $5.213B |
YoY Change | 10.35% | -65.88% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $9.705B | $9.719B |
YoY Change | -2.34% | -2.2% |
Common Stock | $5.159B | $5.137B |
YoY Change | 0.1% | 0.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $4.681B | $4.681B |
YoY Change | -1.45% | -1.47% |
Treasury Stock Shares | ||
Shareholders Equity | $8.629B | $8.595B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $23.16B | $23.06B |
YoY Change | -3.3% | -2.62% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $150.0M | $498.0M |
YoY Change | -9.09% | 111.91% |
Depreciation, Depletion And Amortization | $267.0M | $261.0M |
YoY Change | 3.49% | 6.97% |
Cash From Operating Activities | $521.0M | $365.0M |
YoY Change | 11.32% | -30.87% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $212.0M | $198.0M |
YoY Change | -7.02% | -25.84% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $24.00M | -$1.000M |
YoY Change | -94.93% | -133.33% |
Cash From Investing Activities | -$188.0M | -$199.0M |
YoY Change | -176.73% | -24.62% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -223.0M | -174.0M |
YoY Change | -27.12% | -24.35% |
NET CHANGE | ||
Cash From Operating Activities | 521.0M | 365.0M |
Cash From Investing Activities | -188.0M | -199.0M |
Cash From Financing Activities | -223.0M | -174.0M |
Net Change In Cash | 110.0M | -8.000M |
YoY Change | -72.97% | -123.53% |
FREE CASH FLOW | ||
Cash From Operating Activities | $521.0M | $365.0M |
Capital Expenditures | $212.0M | $198.0M |
Free Cash Flow | $309.0M | $167.0M |
YoY Change | 28.75% | -36.02% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
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Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
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us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
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us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
22000000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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218000000 | usd | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | usd | |
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Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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772000000 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
8000000 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
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Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
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Payments Of Dividends
PaymentsOfDividends
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Payments Of Dividends
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us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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Net Cash Provided By Used In Financing Activities
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Net Cash Provided By Used In Financing Activities
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Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-64000000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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Revenue From Contract With Customer Excluding Assessed Tax
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Contract With Customer Liability Current
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
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us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
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Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.59 | ||
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.13 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.57 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.12 | ||
CY2024Q2 | us-gaap |
Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
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CY2023Q4 | us-gaap |
Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
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CY2024Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
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CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2024Q2 | us-gaap |
Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
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CY2023Q4 | us-gaap |
Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
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CY2024Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2023Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2024Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
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CY2023Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2024Q2 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
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CY2023Q4 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
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CY2023Q4 | us-gaap |
Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
|
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CY2024Q2 | us-gaap |
Inventory Net
InventoryNet
|
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CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
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CY2024Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
19900000000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
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us-gaap |
Depreciation
Depreciation
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Depreciation
Depreciation
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Accounts Payable Other Current And Noncurrent
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Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
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Interest Expense
InterestExpense
|
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Interest Expense
InterestExpense
|
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Investment Income Interest
InvestmentIncomeInterest
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Investment Income Interest
InvestmentIncomeInterest
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Interest Costs Capitalized
InterestCostsCapitalized
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Interest Costs Capitalized
InterestCostsCapitalized
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Lease Cost
LeaseCost
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Lease Cost
LeaseCost
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Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
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CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2024Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.4625 | |
CY2024Q2 | us-gaap |
Dividends
Dividends
|
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CY2024Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
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CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
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CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
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us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
49000000 | usd | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
22000000 | usd | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.9250 | ||
us-gaap |
Dividends
Dividends
|
326000000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
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CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
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CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
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CY2023Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
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CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.4625 | |
CY2023Q2 | us-gaap |
Dividends
Dividends
|
163000000 | usd |
CY2023Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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|
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CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
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CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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8497000000 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
38000000 | usd | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
219000000 | usd | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.9250 | ||
us-gaap |
Dividends
Dividends
|
324000000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
412000000 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2024Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2024Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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CY2024Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2023Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2024Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
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CY2023Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
222000000 | usd |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
347300000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
346200000 | shares |
CY2024Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
5500000 | shares |
CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
300000 | shares |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
352800000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
346500000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
352700000 | shares | |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.43 | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.64 | |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.41 | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.64 | |
CY2024Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | usd |
us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | usd | |
CY2024Q2 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
17000000 | usd |
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
22000000 | usd | |
CY2024Q2 | us-gaap |
Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
|
45000000 | usd |
CY2024Q2 | us-gaap |
Depreciation
Depreciation
|
251000000 | usd |
CY2024Q2 | us-gaap |
Supplier Finance Program Obligation
SupplierFinanceProgramObligation
|
110000000 | usd |
CY2023Q4 | us-gaap |
Supplier Finance Program Obligation
SupplierFinanceProgramObligation
|
122000000 | usd |
us-gaap |
Interest Paid
InterestPaid
|
222000000 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
240000000 | usd | |
CY2024Q2 | us-gaap |
Interest Expense
InterestExpense
|
107000000 | usd |
CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
103000000 | usd |
CY2024Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
52000000 | usd |
CY2023Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
44000000 | usd |
CY2024Q2 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
6000000 | usd |
CY2023Q2 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
6000000 | usd |
CY2024Q2 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
104000000 | usd |
CY2023Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
103000000 | usd |
CY2024Q2 | us-gaap |
Lease Cost
LeaseCost
|
79000000 | usd |
CY2023Q2 | us-gaap |
Lease Cost
LeaseCost
|
73000000 | usd |
CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
439000000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
448000000 | usd |
CY2024Q2 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
42000000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
47000000 | usd |
CY2024Q2 | ip |
Lease Asset Total
LeaseAssetTotal
|
481000000 | usd |
CY2023Q4 | ip |
Lease Asset Total
LeaseAssetTotal
|
495000000 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
151000000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
153000000 | usd |
CY2024Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
11000000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
11000000 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
299000000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
312000000 | usd |
CY2024Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
40000000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
44000000 | usd |
CY2024Q2 | ip |
Lease Liability Total
LeaseLiabilityTotal
|
501000000 | usd |
CY2023Q4 | ip |
Lease Liability Total
LeaseLiabilityTotal
|
520000000 | usd |
CY2024Q2 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
70000000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
67000000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Dividends Received
ProceedsFromDividendsReceived
|
0 | usd |
CY2023Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
13000000 | usd |
CY2023Q2 | us-gaap |
Proceeds From Dividends Received
ProceedsFromDividendsReceived
|
13000000 | usd |
CY2023Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-27000000 | usd |
CY2023Q3 | us-gaap |
Proceeds From Dividends Received
ProceedsFromDividendsReceived
|
0 | usd |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
13000000 | usd | |
us-gaap |
Proceeds From Dividends Received
ProceedsFromDividendsReceived
|
13000000 | usd | |
CY2023Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
3465000000 | usd |
CY2023Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
424000000 | usd |
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
3041000000 | usd |
us-gaap |
Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
|
-1000000 | usd | |
CY2024Q2 | us-gaap |
Goodwill Gross
GoodwillGross
|
3464000000 | usd |
CY2024Q2 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
424000000 | usd |
CY2024Q2 | us-gaap |
Goodwill
Goodwill
|
3040000000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
690000000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
526000000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
164000000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
693000000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
510000000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
183000000 | usd |
CY2024Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9000000 | usd |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9000000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
19000000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
18000000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-153000000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-215000000 | usd | |
CY2024Q2 | us-gaap |
Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
|
4000000 | usd |
CY2024Q2 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
338000000 | usd |
CY2024Q2 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
270000000 | usd |
CY2023Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
251000000 | usd |
CY2021Q2 | ip |
Remedial Design Percentage
RemedialDesignPercentage
|
1 | |
CY2022Q4 | ip |
Remedial Design Percentage
RemedialDesignPercentage
|
0.90 | |
CY2022Q4 | ip |
Remedial Design Percentage
RemedialDesignPercentage
|
0.90 | |
CY2021Q2 | ip |
Remedial Design Percentage
RemedialDesignPercentage
|
1 | |
CY2024Q2 | us-gaap |
Liability For Asbestos And Environmental Claims Net
LiabilityForAsbestosAndEnvironmentalClaimsNet
|
112000000 | usd |
CY2023Q4 | us-gaap |
Liability For Asbestos And Environmental Claims Net
LiabilityForAsbestosAndEnvironmentalClaimsNet
|
97000000 | usd |
CY2024Q2 | us-gaap |
Commercial Paper
CommercialPaper
|
0 | usd |
CY2024Q2 | us-gaap |
Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
|
1900000000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
3000000 | usd |
CY2024Q2 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
5000000 | usd |
CY2024Q2 | us-gaap |
Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
|
9000000000 | usd |
CY2024Q2 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
5600000000 | usd |
CY2024Q2 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
5200000000 | usd |
us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
0 | usd | |
us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
0 | usd | |
CY2024Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
0 | usd |
CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
0 | usd |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
13000000 | usd | |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
11000000 | usd | |
CY2024Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
103000000 | usd |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y7M6D | ||
CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4734000000 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4682000000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
9353000000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
9702000000 | usd | |
CY2024Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
322000000 | usd |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
334000000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
491000000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
640000000 | usd | |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
498000000 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
222000000 | usd |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
554000000 | usd | |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
394000000 | usd | |
CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-293000000 | usd |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
33000000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-266000000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
81000000 | usd | |
CY2024Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-1000000 | usd |
CY2023Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-3000000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-1000000 | usd | |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
206000000 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
255000000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
291000000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
476000000 | usd | |
CY2024Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-55000000 | usd |
CY2023Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-59000000 | usd |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-101000000 | usd | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-121000000 | usd | |
CY2024Q2 | us-gaap |
Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
|
-1000000 | usd |
CY2023Q2 | us-gaap |
Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
|
0 | usd |
us-gaap |
Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
|
-3000000 | usd | |
us-gaap |
Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
|
0 | usd | |
CY2024Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
23000000 | usd |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
8000000 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
47000000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
16000000 | usd | |
CY2024Q2 | us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
-54000000 | usd |
CY2023Q2 | us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
0 | usd |
us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
-74000000 | usd | |
us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
0 | usd | |
CY2024Q2 | ip |
Segment Reporting Information Business Special Items
SegmentReportingInformationBusinessSpecialItems
|
-5000000 | usd |
CY2023Q2 | ip |
Segment Reporting Information Business Special Items
SegmentReportingInformationBusinessSpecialItems
|
0 | usd |
ip |
Segment Reporting Information Business Special Items
SegmentReportingInformationBusinessSpecialItems
|
3000000 | usd | |
ip |
Segment Reporting Information Business Special Items
SegmentReportingInformationBusinessSpecialItems
|
0 | usd | |
CY2024Q2 | us-gaap |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
-10000000 | usd |
CY2023Q2 | us-gaap |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
12000000 | usd |
us-gaap |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
-22000000 | usd | |
us-gaap |
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
27000000 | usd | |
CY2024Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
322000000 | usd |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
334000000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
491000000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
640000000 | usd |