v3.25.2
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Total
Common Shares Outstanding
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Deferred Equity Compensation
Nonredeemable Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2023     56,217,305        
Beginning balance at Dec. 31, 2023 $ 5,765 $ 5,713 $ 1 $ 6,070 $ (359) $ 1 $ 52
Increase (Decrease) in Shareholders' Equity              
Net income 194 187   187     7
Dividends (36) (36)   (36)      
Common share repurchases (in shares)     (3,467,606)        
Common shares repurchases (285) (285)   (285)      
Share-based compensation (in shares)     436,008        
Share-based compensation (7) (7)   (7)      
Distributions (3)           (3)
Other comprehensive income (loss) (33) (33)     (33)    
Ending balance (in shares) at Jun. 30, 2024     53,185,707        
Ending balance at Jun. 30, 2024 5,595 5,539 $ 1 5,929 (392) 1 56
Beginning balance (in shares) at Mar. 31, 2024     55,081,584        
Beginning balance at Mar. 31, 2024 5,682 5,629 $ 1 6,014 (387) 1 53
Increase (Decrease) in Shareholders' Equity              
Net income 81 78   78     3
Dividends (17) (17)   (17)      
Common share repurchases (in shares)     (1,928,328)        
Common shares repurchases (154) (154)   (154)      
Share-based compensation (in shares)     32,451        
Share-based compensation 8 8   8      
Other comprehensive income (loss) (5) (5)     (5)    
Ending balance (in shares) at Jun. 30, 2024     53,185,707        
Ending balance at Jun. 30, 2024 5,595 5,539 $ 1 5,929 (392) 1 56
Beginning balance (in shares) at Dec. 31, 2024     50,505,320        
Beginning balance at Dec. 31, 2024 5,553 5,495 $ 1 5,878 (385) 1 58
Increase (Decrease) in Shareholders' Equity              
Net income 291 279   279     12
Dividends (37) (37)   (37)      
Consolidation 26           26
Common share repurchases (in shares)     (2,872,733)        
Common shares repurchases (252) (252) $ (1) (251)      
Share-based compensation (in shares)     476,852        
Share-based compensation (10) (10)   (10)      
Other comprehensive income (loss) 158 158     158    
Ending balance (in shares) at Jun. 30, 2025     48,109,439        
Ending balance at Jun. 30, 2025 5,729 5,633 $ 0 5,859 (227) 1 96
Beginning balance (in shares) at Mar. 31, 2025     49,553,438        
Beginning balance at Mar. 31, 2025 5,657 5,590 $ 0 5,903 (314) 1 67
Increase (Decrease) in Shareholders' Equity              
Net income 106 103   103     3
Dividends (19) (19)   (19)      
Consolidation 26           26
Common share repurchases (in shares)     (1,537,505)        
Common shares repurchases (132) (132)   (132)      
Share-based compensation (in shares)     93,506        
Share-based compensation 4 4   4      
Other comprehensive income (loss) 87 87     87    
Ending balance (in shares) at Jun. 30, 2025     48,109,439        
Ending balance at Jun. 30, 2025 $ 5,729 $ 5,633 $ 0 $ 5,859 $ (227) $ 1 $ 96