v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Total Shareholders' Equity
Preferred Stock
Common Stock
Reinvested Earnings
Accumulated Other Comprehensive Income (Loss)
Non- controlling Interest - Preferred Stock  of Subsidiary
Beginning balance at Dec. 31, 2024 $ 30,401 $ 30,149 $ 1,579 $ 31,555 $ (2,966) $ (19) $ 252
Beginning balance (in shares) at Dec. 31, 2024       2,193,573,536      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 634 634     634    
Other comprehensive (loss) income 7 7       7  
Common stock issued, net (in shares)       4,111,477      
Common stock issued, net (1) (1)   $ (1)      
Stock-based compensation amortization (22) (22)   (22)      
Common stock dividends declared (55) (55)     (55)    
Preferred stock dividend requirement of subsidiary (27) (27)     (27)    
Ending balance at Mar. 31, 2025 30,937 30,685 1,579 $ 31,532 (2,414) (12) 252
Ending balance (in shares) at Mar. 31, 2025       2,197,685,013      
Beginning balance at Dec. 31, 2024 30,401 30,149 1,579 $ 31,555 (2,966) (19) 252
Beginning balance (in shares) at Dec. 31, 2024       2,193,573,536      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,183            
Other comprehensive (loss) income 15            
Ending balance at Jun. 30, 2025 31,438 31,186 1,579 $ 31,560 (1,949) (4) 252
Ending balance (in shares) at Jun. 30, 2025       2,197,837,402      
Beginning balance at Mar. 31, 2025 30,937 30,685 1,579 $ 31,532 (2,414) (12) 252
Beginning balance (in shares) at Mar. 31, 2025       2,197,685,013      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 549 549     549    
Other comprehensive (loss) income 8 8       8  
Common stock issued, net (in shares)       152,389      
Stock-based compensation amortization 28 28   $ 28      
Common stock dividends declared (56) (56)     (56)    
Preferred stock dividend requirement of subsidiary (28) (28)     (28)    
Ending balance at Jun. 30, 2025 31,438 31,186 1,579 $ 31,560 (1,949) (4) 252
Ending balance (in shares) at Jun. 30, 2025       2,197,837,402      
Beginning balance at Dec. 31, 2025 $ 32,792 32,540 1,579 $ 31,636 (650) (25) 252
Beginning balance (in shares) at Dec. 31, 2025 2,197,942,874     2,197,942,874      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 885 885     885    
Other comprehensive (loss) income (6) (6)       (6)  
Common stock issued, net (in shares)       4,281,854      
Stock-based compensation amortization (31) (31)   $ (31)      
Common stock dividends declared (111) (111)     (111)    
Preferred stock dividend requirement of subsidiary (27) (27)     (27)    
Ending balance at Mar. 31, 2026 33,502 33,250 1,579 $ 31,605 97 (31) 252
Ending balance (in shares) at Mar. 31, 2026       2,202,224,728      
Beginning balance at Dec. 31, 2025 $ 32,792 32,540 1,579 $ 31,636 (650) (25) 252
Beginning balance (in shares) at Dec. 31, 2025 2,197,942,874     2,197,942,874      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 1,646            
Other comprehensive (loss) income (8)            
Ending balance at Jun. 30, 2026 $ 34,153 33,901 1,579 $ 31,636 719 (33) 252
Ending balance (in shares) at Jun. 30, 2026 2,202,366,726     2,202,366,726      
Beginning balance at Mar. 31, 2026 $ 33,502 33,250 1,579 $ 31,605 97 (31) 252
Beginning balance (in shares) at Mar. 31, 2026       2,202,224,728      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 761 761     761    
Other comprehensive (loss) income (2) (2)       (2)  
Common stock issued, net (in shares)       141,998      
Stock-based compensation amortization 31 31   $ 31      
Common stock dividends declared (111) (111)     (111)    
Preferred stock dividend requirement of subsidiary (28) (28)     (28)    
Ending balance at Jun. 30, 2026 $ 34,153 $ 33,901 $ 1,579 $ 31,636 $ 719 $ (33) $ 252
Ending balance (in shares) at Jun. 30, 2026 2,202,366,726     2,202,366,726