v3.26.1
EARNINGS PER COMMON SHARE - Schedule of Net Income (Loss) per Common Share (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Numerator    
Net income (loss) $ 653 $ 210
Less: dividends declared - common shares and unvested common shares (80) (85)
Undistributed earnings, basic 573 125
Undistributed earnings, diluted $ 573 $ 125
Percentage allocated to common shareholders 98.70% 98.90%
Net income (loss) available to common stockholders, basic before dividends, common stock $ 566 $ 123
Net income (loss) available to common stockholders, diluted before dividends, common stock 566 123
Add: dividends declared - common shareholders 79 84
Numerator for basic earnings per common share 645 208
Numerator for diluted earnings per common share $ 645 $ 208
Denominator    
Denominator for basic earnings per weighted-average common shares (in shares) 39,800,000 42,300,000
Effect of dilutive securities:    
ESPP Offering (in shares) 1,804 0
Denominator for diluted earnings per adjusted weighted-average common shares (in shares) 39,800,000 42,300,000
Per common share net income (loss)    
Basic (in dollars per share) $ 16.21 $ 4.90
Diluted (in dollars per share) $ 16.21 $ 4.90
Basic weighted-average common shares outstanding (in shares) 39,800,000 42,300,000
Basic weighted-average common shares outstanding and unvested common shares expected to vest (in shares) 40,300,000 42,800,000