v3.26.1
CAPITAL STOCK
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
CAPITAL STOCK CAPITAL STOCK
Net Income per Common Share
The following table presents a reconciliation of the components of basic and diluted net income per common share in the consolidated financial statements:
 
For the Quarter Ended March 31,
 20262025
 
Income
SharesPer ShareIncomeSharesPer Share
 (In millions, except per share amounts)
Basic:
Income attributable to common stock
$446 354 $1.26 $347 364 $0.96 
Diluted:
Income attributable to common stock
$446 354 $1.26 $347 364 $0.96 
The diluted earnings per share calculation excludes options and restricted stock units that were anti-dilutive of 2.8 million and 3.6 million during the first quarters of 2026 and 2025, respectively.
Stock Repurchase Program
The Company did not purchase any shares during the first quarter of 2026. As of March 31, 2026, the Company had remaining authorization to repurchase up to 21.9 million shares. In the first quarter of 2025, the Company repurchased 4.4 million shares at an average price of $22.87 per share.
The Company is not obligated to acquire any additional shares. Shares may be purchased either in the open market or through privately negotiated transactions.
Common Stock Dividend
For the quarters ended March 31, 2026 and March 31, 2025, the Company paid $88 million and $91 million, respectively, in dividends on its common stock.