v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common Stock
Preferred Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Balance at beginning of period at Dec. 31, 2023 $ 15,542 $ 0 $ 0 $ 8,783 $ (1,208) $ 7,967
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 536         536
Other comprehensive income (loss) (39)       (39)  
Stock-based compensation 6     6    
Dividends paid (Note 10) (450)         (450)
Balance at end of period at Mar. 31, 2024 15,596 0 0 8,789 (1,246) 8,054
Balance at beginning of period at Dec. 31, 2023 15,542 0 0 8,783 (1,208) 7,967
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 1,147          
Other comprehensive income (loss) (207)          
Balance at end of period at Jun. 30, 2024 15,538 0 0 8,797 (1,414) 8,155
Balance at beginning of period at Mar. 31, 2024 15,596 0 0 8,789 (1,246) 8,054
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 610         610
Other comprehensive income (loss) (168)       (168)  
Stock-based compensation 8     8    
Dividends paid (Note 10) (450)         (450)
Dividends declared on preferred stock (Note 10) (59)         (59)
Balance at end of period at Jun. 30, 2024 15,538 0 0 8,797 (1,414) 8,155
Balance at beginning of period at Dec. 31, 2024 15,193 0 0 8,814 (1,531) 7,909
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 499         499
Other comprehensive income (loss) (28)       (28)  
Stock-based compensation 8     8    
Dividends paid (Note 10) (350)         (350)
Balance at end of period at Mar. 31, 2025 15,321 0 0 8,822 (1,559) 8,058
Balance at beginning of period at Dec. 31, 2024 15,193 0 0 8,814 (1,531) 7,909
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 1,009          
Other comprehensive income (loss) 109          
Balance at end of period at Jun. 30, 2025 15,564 0 0 8,826 (1,422) 8,159
Balance at beginning of period at Mar. 31, 2025 15,321 0 0 8,822 (1,559) 8,058
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 510         510
Other comprehensive income (loss) 137       137  
Stock-based compensation 4     4    
Dividends paid (Note 10) (350)         (350)
Dividends declared on preferred stock (Note 10) (59)         (59)
Balance at end of period at Jun. 30, 2025 $ 15,564 $ 0 $ 0 $ 8,826 $ (1,422) $ 8,159