v3.25.2
Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2023   96,971,000        
Beginning balance at Dec. 31, 2023 $ 4,280 $ 1 $ 3,485 $ 661 $ (8) $ 141
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 100     97   3
Dividends declared on common stock (71)     (71)    
Distributions to noncontrolling interests (4)         (4)
Stock-based compensation (in shares)   138,000        
Stock-based compensation 1   2 (1)    
Ending balance (in shares) at Mar. 31, 2024   97,109,000        
Ending balance at Mar. 31, 2024 4,306 $ 1 3,487 686 (8) 140
Beginning balance (in shares) at Dec. 31, 2023   96,971,000        
Beginning balance at Dec. 31, 2023 4,280 $ 1 3,485 661 (8) 141
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 200          
Other comprehensive income, net of tax 0          
Ending balance (in shares) at Jun. 30, 2024   97,112,000        
Ending balance at Jun. 30, 2024 4,337 $ 1 3,494 710 (8) 140
Beginning balance (in shares) at Mar. 31, 2024   97,109,000        
Beginning balance at Mar. 31, 2024 4,306 $ 1 3,487 686 (8) 140
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 100     96   4
Dividends declared on common stock (71)     (71)    
Contributions from noncontrolling interests 1         1
Distributions to noncontrolling interests (5)         (5)
Stock-based compensation (in shares)   3,000        
Stock-based compensation 6   7 (1)    
Other comprehensive income, net of tax 0          
Ending balance (in shares) at Jun. 30, 2024   97,112,000        
Ending balance at Jun. 30, 2024 $ 4,337 $ 1 3,494 710 (8) 140
Beginning balance (in shares) at Dec. 31, 2024 101,324,894 101,325,000        
Beginning balance at Dec. 31, 2024 $ 4,766 $ 1 3,911 723 (8) 139
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 111     108   3
Dividends declared on common stock (83)     (83)    
Contributions from noncontrolling interests 2         2
Distributions to noncontrolling interests (4)         (4)
Stock-based compensation (in shares)   266,000        
Stock-based compensation (11)   (10) (1)    
Other comprehensive income, net of tax 1       1  
Ending balance (in shares) at Mar. 31, 2025   101,591,000        
Ending balance at Mar. 31, 2025 $ 4,782 $ 1 3,901 747 (7) 140
Beginning balance (in shares) at Dec. 31, 2024 101,324,894 101,325,000        
Beginning balance at Dec. 31, 2024 $ 4,766 $ 1 3,911 723 (8) 139
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 222          
Other comprehensive income, net of tax $ 1          
Ending balance (in shares) at Jun. 30, 2025 101,592,505 101,593,000        
Ending balance at Jun. 30, 2025 $ 4,815 $ 1 3,909 770 (7) 142
Beginning balance (in shares) at Mar. 31, 2025   101,591,000        
Beginning balance at Mar. 31, 2025 4,782 $ 1 3,901 747 (7) 140
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 111     107   4
Dividends declared on common stock (83)     (83)    
Contributions from noncontrolling interests 3         3
Distributions to noncontrolling interests (5)         (5)
Stock-based compensation (in shares)   2,000        
Stock-based compensation 7   8 (1)    
Other comprehensive income, net of tax $ 0          
Ending balance (in shares) at Jun. 30, 2025 101,592,505 101,593,000        
Ending balance at Jun. 30, 2025 $ 4,815 $ 1 $ 3,909 $ 770 $ (7) $ 142