v3.26.1
Consolidated Statements of Stockholders’ Equity - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Preferred stock, shares, beginning balance (in shares) at Dec. 31, 2024   500,000          
Beginning of period at Dec. 31, 2024 $ 3,309 $ 482 $ 0 $ 2,315 $ 907 $ (284) $ (111)
Common stock, shares, beginning balance (in shares) at Dec. 31, 2024     147,230,000        
Treasury stock, beginning (in shares) at Dec. 31, 2024             6,436,000
Increase (Decrease) in Stockholders' Equity              
Net income 6       6    
Other comprehensive income (loss), net of tax 38         38  
Common stock issuance, net of shares withheld for taxes (in shares)     1,263,000       700,000
Common stock issuance, net of shares withheld for taxes (13)     2     $ (15)
Stock-based compensation expense 16     16      
Preferred stock dividend (9)       (9)    
Preferred stock, shares, ending balance (in shares) at Mar. 29, 2025   500,000          
End of period at Mar. 29, 2025 $ 3,347 $ 482 $ 0 2,333 904 (246) $ (126)
Common stock, shares, ending balance (in shares) at Mar. 29, 2025     148,493,000        
Treasury stock, ending (in shares) at Mar. 29, 2025             7,136,000
Preferred stock, shares, beginning balance (in shares) at Dec. 31, 2025 500,000 500,000          
Beginning of period at Dec. 31, 2025 $ 2,917 $ 482 $ 0 2,391 345 (157) $ (144)
Common stock, shares, beginning balance (in shares) at Dec. 31, 2025 150,000,000   149,874,000        
Treasury stock, beginning (in shares) at Dec. 31, 2025             7,716,000
Increase (Decrease) in Stockholders' Equity              
Net income $ 38       38    
Other comprehensive income (loss), net of tax (11)         (11)  
Common stock issuance, net of shares withheld for taxes (in shares)     1,546,000       892,000
Common stock issuance, net of shares withheld for taxes (28)     4     $ (32)
Stock-based compensation expense 15     15      
Preferred stock dividend $ (9)       (9)    
Preferred stock, shares, ending balance (in shares) at Apr. 04, 2026 500,000 500,000          
End of period at Apr. 04, 2026 $ 2,922 $ 482 $ 0 $ 2,410 $ 374 $ (168) $ (176)
Common stock, shares, ending balance (in shares) at Apr. 04, 2026 151,000,000   151,420,000        
Treasury stock, ending (in shares) at Apr. 04, 2026             8,608,000