v3.26.1
STATEMENTS OF CONDENSED CONSOLIDATED EQUITY (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests in Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 2024   596,870      
Beginning balance at Dec. 31, 2024 $ 24,278,136 $ 18,014,711 $ 2,585,238 $ (2,321) $ 3,680,508
Comprehensive income, net of tax:          
Net income 1,172,074   1,026,286   145,788
Other postretirement benefits liability adjustment, net of tax 91     91  
Dividends (185,792)   (185,792)    
Share-based compensation plans (in shares)   1,942      
Share-based compensation plans (15,328) $ (15,328)      
Distributions to noncontrolling interests (151,954)       (151,954)
Other 623 $ 375     248
Ending balance (in shares) at Jun. 30, 2025   598,812      
Ending balance at Jun. 30, 2025 25,097,850 $ 17,999,758 3,425,732 (2,230) 3,674,590
Beginning balance (in shares) at Mar. 31, 2025   598,586      
Beginning balance at Mar. 31, 2025 24,403,269 $ 17,984,118 2,736,046 (2,284) 3,685,389
Comprehensive income, net of tax:          
Net income 856,656   784,147   72,509
Other postretirement benefits liability adjustment, net of tax 54     54  
Dividends (94,461)   (94,461)    
Share-based compensation plans (in shares)   226      
Share-based compensation plans 15,640 $ 15,640      
Distributions to noncontrolling interests (83,308)       (83,308)
Ending balance (in shares) at Jun. 30, 2025   598,812      
Ending balance at Jun. 30, 2025 25,097,850 $ 17,999,758 3,425,732 (2,230) 3,674,590
Beginning balance (in shares) at Dec. 31, 2025   624,076      
Beginning balance at Dec. 31, 2025 27,360,148 $ 19,517,761 4,237,089 (2,173) 3,607,471
Comprehensive income, net of tax:          
Net income 1,835,378   1,698,654   136,724
Other postretirement benefits liability adjustment, net of tax 400     400  
Dividends (204,456)   (204,456)    
Share-based compensation plans (in shares)   1,437      
Share-based compensation plans 11,601 $ 11,601      
Contributions from noncontrolling interests 98,357       98,357
Distributions to noncontrolling interests (238,031)       (238,031)
Ending balance (in shares) at Jun. 30, 2026   625,513      
Ending balance at Jun. 30, 2026 28,863,397 $ 19,529,362 5,731,287 (1,773) 3,604,521
Beginning balance (in shares) at Mar. 31, 2026   625,475      
Beginning balance at Mar. 31, 2026 28,787,049 $ 19,497,503 5,623,137 (1,879) 3,668,288
Comprehensive income, net of tax:          
Net income 281,448   211,425   70,023
Other postretirement benefits liability adjustment, net of tax 106     106  
Dividends (103,275)   (103,275)    
Share-based compensation plans (in shares)   38      
Share-based compensation plans 31,859 $ 31,859      
Distributions to noncontrolling interests (133,790)       (133,790)
Ending balance (in shares) at Jun. 30, 2026   625,513      
Ending balance at Jun. 30, 2026 $ 28,863,397 $ 19,529,362 $ 5,731,287 $ (1,773) $ 3,604,521