v3.25.2
Condensed Consolidated Statements of Shareholders' Equity - USD ($)
shares in Thousands, $ in Millions
Total
Common equities
Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
AOCI, net of tax, beginning balance at Dec. 31, 2023   $ 397 $ 1,437 $ 13,084 $ (435) $ (2,385)
Share-based awards   0 0     12
Share-based compensation     26      
Other     3     0
Net Income $ 1,067     1,067    
Dividends declared       (254)    
Other comprehensive income (loss) (35)       (35)  
Shares acquired - share repurchase authorization           (121)
Shares acquired - share-based compensation plans           (19)
AOCI, net of tax, ending balance at Jun. 30, 2024 $ 12,777 $ 397 1,466 13,897 (470) (2,513)
Beginning Balance (in shares) at Dec. 31, 2023   157,000        
Share-based awards (in shares)   400        
Shares acquired - share repurchase authorization (in shares)   (1,100)        
Shares acquired during period, Employee Share-Based Compensation Plans, Shares   (100)        
Ending Balance (in shares) at Jun. 30, 2024   156,200        
Dividends declared per common share (in dollars per share) $ 1.62          
AOCI, net of tax, beginning balance at Mar. 31, 2024   $ 397 1,446 13,712 (442) (2,459)
Share-based awards   0 6     4
Share-based compensation     12      
Other     2     0
Net Income $ 312     312    
Dividends declared       (127)    
Other comprehensive income (loss) (28)       (28)  
Shares acquired - share repurchase authorization           (46)
Shares acquired - share-based compensation plans           (12)
AOCI, net of tax, ending balance at Jun. 30, 2024 $ 12,777 $ 397 1,466 13,897 (470) (2,513)
Beginning Balance (in shares) at Mar. 31, 2024   156,500        
Share-based awards (in shares)   100        
Shares acquired - share repurchase authorization (in shares)   (400)        
Shares acquired during period, Employee Share-Based Compensation Plans, Shares   0        
Ending Balance (in shares) at Jun. 30, 2024   156,200        
Dividends declared per common share (in dollars per share) $ 0.81          
AOCI, net of tax, beginning balance at Dec. 31, 2024 $ 13,935 $ 397 1,502 14,869 (309) (2,524)
Share-based awards   0 (3)     10
Share-based compensation     25      
Other     4     1
Net Income 595     595    
Dividends declared       (271)    
Other comprehensive income (loss) 60       60  
Shares acquired - share repurchase authorization           (42)
Shares acquired - share-based compensation plans           (13)
AOCI, net of tax, ending balance at Jun. 30, 2025 $ 14,301 $ 397 1,528 15,193 (249) (2,568)
Beginning Balance (in shares) at Dec. 31, 2024   156,400        
Share-based awards (in shares)   300        
Shares acquired - share repurchase authorization (in shares)   (300)        
Shares acquired during period, Employee Share-Based Compensation Plans, Shares   (100)        
Ending Balance (in shares) at Jun. 30, 2025   156,300        
Dividends declared per common share (in dollars per share) $ 1.74          
AOCI, net of tax, beginning balance at Mar. 31, 2025   $ 397 1,511 14,644 (271) (2,563)
Share-based awards   0 4     4
Share-based compensation     10      
Other     3     1
Net Income $ 685     685    
Dividends declared       (136)    
Other comprehensive income (loss) 22       22  
Shares acquired - share repurchase authorization           0
Shares acquired - share-based compensation plans           (10)
AOCI, net of tax, ending balance at Jun. 30, 2025 $ 14,301 $ 397 $ 1,528 $ 15,193 $ (249) $ (2,568)
Beginning Balance (in shares) at Mar. 31, 2025   156,300        
Share-based awards (in shares)   100        
Shares acquired - share repurchase authorization (in shares)   0        
Shares acquired during period, Employee Share-Based Compensation Plans, Shares   (100)        
Ending Balance (in shares) at Jun. 30, 2025   156,300        
Dividends declared per common share (in dollars per share) $ 0.87