v3.26.1
Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Preferred Stock
Additional Paid-in Capital
Retained Earnings
Parent Company Net Investment
Accumulated Other Comp (Loss) Income
Non-controlling Interests
Beginning balance at Dec. 31, 2024 $ 10,896 $ 0 $ 0 $ 0 $ 0 $ 11,058 $ (414) $ 252
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 199         193   6
Other comprehensive income (loss) 54           51 3
Distributions to non-controlling interests (5)             (5)
Net transfers (to) from Parent (105)         (105)    
Ending balance at Mar. 31, 2025 11,039 0 0 0 0 11,146 (363) 256
Beginning balance at Dec. 31, 2025 7,366 2 2 7,286 18 0 (213) 271
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 162       151     11
Other comprehensive income (loss) (53)           (51) (2)
Distributions to non-controlling interests (6)             (6)
Stock-based compensation 5     5        
Common stock repurchased (25)     (25)        
Separation-related adjustments 10     10        
Other 2       1     1
Ending balance at Mar. 31, 2026 $ 7,461 $ 2 $ 2 $ 7,276 $ 170 $ 0 $ (264) $ 275