v3.25.1
Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Millions
Total
Class B Common Stock
Common Stock
Additional Paid-in Capital
Stockholder Note Receivable -Related Party
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance at Dec. 31, 2023 $ 871     $ 1,493   $ 271 $ (71) $ (822)
Beginning balance, shares at Dec. 31, 2023   12,799,999 149,775,361          
Beginning balance, shares at Dec. 31, 2023               (24,893,867)
Net income (loss) (59)         (59)    
Other comprehensive income (loss), net of tax (7)           (7)  
Issuance of common stock related to exercises of options and vesting of RSUs, shares     1,462,140          
Withholding taxes on net share settlements of equity awards (10)     (10)        
Stock-based compensation 30     30        
Ending balance at Mar. 31, 2024 825     1,513   212 (78) $ (822)
Ending balance, shares at Mar. 31, 2024   12,799,999 151,237,501          
Ending balance, shares at Mar. 31, 2024               (24,893,867)
Beginning balance at Dec. 31, 2024 $ 943     1,605   276 (91) $ (847)
Beginning balance, shares at Dec. 31, 2024 127,394,786 12,799,999 153,655,038          
Beginning balance, shares at Dec. 31, 2024 (26,260,252)             (26,260,252)
Net income (loss) $ (11)         (11)    
Other comprehensive income (loss), net of tax 16           16  
Stockholder note receivable - related party (Note 1) (327)       $ (327)      
Issuance of common stock related to exercises of options and vesting of RSUs, shares     1,611,892          
Withholding taxes on net share settlements of equity awards (9)     (9)        
Stock-based compensation 31     31        
Ending balance at Mar. 31, 2025 $ 643     $ 1,627 $ (327) $ 265 $ (75) $ (847)
Ending balance, shares at Mar. 31, 2025 129,006,678 12,799,999 155,266,930          
Ending balance, shares at Mar. 31, 2025 (26,260,252)             (26,260,252)