v3.25.1
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Paid-in-Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2023   200,100,000        
Beginning balance at Dec. 31, 2023 $ 9,797 $ 2 $ 8,550 $ 1,659 $ (26) $ (388)
Beginning balance (in shares) at Dec. 31, 2023           (5,500,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income attributable to common shareholders 185     185    
Common stock issuances (in shares) [1]   200,000        
Common stock issuances [1] 7   11     $ (4)
Net other comprehensive (loss) income 18       18  
Ending balance (in shares) at Mar. 31, 2024   200,300,000        
Ending balance at Mar. 31, 2024 $ 10,007 $ 2 8,561 1,844 (8) $ (392)
Ending balance (in shares) at Mar. 31, 2024           (5,500,000)
Beginning balance (in shares) at Dec. 31, 2024 200,371,701 200,400,000        
Beginning balance at Dec. 31, 2024 $ 10,332 $ 2 8,598 2,112 12 $ (392)
Beginning balance (in shares) at Dec. 31, 2024 (5,451,216)         (5,500,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income attributable to common shareholders $ 205     205    
Common stock issuances (in shares) [2]   100,000        
Common stock issuances [2] 7   13     $ (6)
Net other comprehensive (loss) income $ (10)       (10)  
Ending balance (in shares) at Mar. 31, 2025 200,512,663 200,500,000        
Ending balance at Mar. 31, 2025 $ 10,534 $ 2 $ 8,611 $ 2,317 $ 2 $ (398)
Ending balance (in shares) at Mar. 31, 2025 (5,501,396)         (5,500,000)
[1] Includes stock-based compensation, employee stock purchase plan and dividend reinvestment and direct stock purchase plan activity.
[2] Includes stock-based compensation, employee stock purchase plan and dividend reinvestment and direct stock purchase plan activity.