v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional paid-in capital
Retained earnings (accumulated deficit)
Accumulated other comprehensive income (loss)
Noncontrolling interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Balance, beginning of period $ 9,651.0 $ 2.0 $ 10,764.0 $ (1,855.0) $ (273.0) $ 1,013.0
Balance, beginning of period at Dec. 31, 2024 43.0          
Increase (Decrease) in Temporary Equity [Roll Forward]            
Redeemable noncontrolling interest redemption value adjustment (2.0)          
Balance, end of period at Mar. 31, 2025 41.0          
Balance, beginning of period (in shares) at Dec. 31, 2024   228,000,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Dividends and other distributions (135.0)     (121.0)   (14.0)
Stock-based compensation 40.0   19.0     21.0
Other comprehensive income (loss) 47.0       42.0 5.0
Redeemable noncontrolling interest redemption value adjustment 2.0   2.0      
Net income (loss) 0.0          
Reallocation of noncontrolling interests 0.0   6.0     (6.0)
Balance, end of period (in shares) at Mar. 31, 2025   228,000,000        
Balance at end of period at Mar. 31, 2025 9,605.0 $ 2.0 10,791.0 (1,976.0) (231.0) 1,019.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Balance, beginning of period 9,605.0 2.0 10,791.0 (1,976.0) (231.0) 1,019.0
Balance, beginning of period 9,236.0 $ 2.0 10,780.0 (2,439.0) (97.0) 990.0
Balance, beginning of period at Dec. 31, 2025 7.0          
Increase (Decrease) in Temporary Equity [Roll Forward]            
Redemption of redeemable noncontrolling interests (7.0)          
Balance, end of period at Mar. 31, 2026 $ 0.0          
Balance, beginning of period (in shares) at Dec. 31, 2025 226,967,652 227,000,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Dividends and other distributions $ (136.0)     (123.0)   (13.0)
Stock-based compensation 30.0   17.0     13.0
Withholding of common stock for employee taxes (1.0)   (1.0)      
Other comprehensive income (loss) (28.0)       (25.0) (3.0)
Redemption of redeemable noncontrolling interests 5.0   5.0      
Net income (loss) (51.0)     (46.0)   (5.0)
Reallocation of noncontrolling interests 0.0   10.0     (10.0)
OP Units reclassification $ 0.0   5.0     (5.0)
Balance, end of period (in shares) at Mar. 31, 2026 227,147,768 227,000,000        
Balance at end of period at Mar. 31, 2026 $ 9,055.0 $ 2.0 10,816.0 (2,608.0) (122.0) 967.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Balance, beginning of period $ 9,055.0 $ 2.0 $ 10,816.0 $ (2,608.0) $ (122.0) $ 967.0