v3.26.1
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Total
Common Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Deferred Equity Compensation
Non-redeemable Noncontrolling Interest
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 185 176   176     9
Dividends (18) (18)   (18)      
Common share repurchases (in shares)     (1,335,228)        
Common shares repurchases (120) (120) $ (1) (119)      
Share-based compensation (in shares)     383,346        
Share-based compensation (14) (14)   (14)      
Distributions (97)           (97)
Deconsolidation (4)           (4)
Other comprehensive income (loss) 71 71     71    
Ending balance (in shares) at Mar. 31, 2025     49,553,438        
Ending balance at Mar. 31, 2025 5,657 5,590 $ 0 5,903 (314) 1 67
Beginning balance (in shares) at Dec. 31, 2025     45,184,791        
Beginning balance at Dec. 31, 2025 5,789 5,663 $ 0 5,830 (168) 1 126
Increase (Decrease) in Shareholders' Equity              
Net income 85 88   88     (3)
Dividends (18) (18)   (18)      
Common share repurchases (in shares)     (881,981)        
Common shares repurchases (75) (75)   (75)      
Share-based compensation (in shares)     288,244        
Share-based compensation (4) (4)   (4)      
Other comprehensive income (loss) (112) (112)     (112)    
Ending balance (in shares) at Mar. 31, 2026     44,591,054        
Ending balance at Mar. 31, 2026 $ 5,564 $ 5,542 $ 0 $ 5,821 $ (280) $ 1 $ 22