v3.26.1
Stockholders' Equity (Notes)
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
4. Stockholders’ Equity

Class P Common Stock

Dividends

The following table provides information about our per share dividends:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Per share cash dividend declared for the period$0.2975 $0.2925 $0.595 $0.585 
Per share cash dividend paid in the period0.2975 0.2925 0.590 0.580 

On July 22, 2026, our board of directors declared a cash dividend of $0.2975 per share for the quarterly period ended June 30, 2026, which is payable on August 17, 2026 to shareholders of record as of the close of business on August 3, 2026.
Accumulated Other Comprehensive Income (Loss)

Changes in the components of our “Accumulated other comprehensive income (loss)” not including noncontrolling interests are summarized as follows:
Net unrealized
gains/(losses)
on cash flow
hedge derivatives		Pension and
other
postretirement
liability adjustments		Total
accumulated other
comprehensive income (loss)
(In millions)
Balance as of December 31, 2025
$67 $(22)$45 
Other comprehensive loss before reclassifications
(160)(6)(166)
Loss reclassified from accumulated other comprehensive loss
71 — 71 
Net current-period change in accumulated other comprehensive loss(89)(6)(95)
Balance as of June 30, 2026$(22)$(28)$(50)
Net unrealized
gains/(losses)
on cash flow
hedge derivatives		Pension and
other
postretirement
liability adjustments		Total
accumulated other
comprehensive loss
(In millions)
Balance as of December 31, 2024
$(33)$(62)$(95)
Other comprehensive gain (loss) before reclassifications123 (3)120 
Gain reclassified from accumulated other comprehensive loss
(49)— (49)
Net current-period change in accumulated other comprehensive loss74 (3)71 
Balance as of June 30, 2025$41 $(65)$(24)