v3.26.1
Condensed Consolidated Statements of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common equities
Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Beginning balance at Dec. 31, 2024   $ 397 $ 1,502 $ 14,869 $ (309) $ (2,524)
Share-based awards   0 (3)     10
Share-based compensation     25      
Other     4     1
Net Income $ 595     595    
Dividends declared       (271)    
Other comprehensive income (loss) 60       60  
Shares acquired - share repurchase authorization           (42)
Shares acquired - share-based compensation plans           (13)
Ending balance at Jun. 30, 2025 $ 14,301 $ 397 1,528 15,193 (249) (2,568)
Beginning Balance (in shares) at Dec. 31, 2024   156.4        
Share-based awards (in shares)   0.3        
Shares acquired - share repurchase authorization (in shares)   (0.3)        
Shares acquired - share-based compensation plans, shares   (0.1)        
Ending Balance (in shares) at Jun. 30, 2025   156.3        
Dividends declared per common share (in dollars per share) $ 1.74          
Beginning balance at Mar. 31, 2025   $ 397 1,511 14,644 (271) (2,563)
Share-based awards   0 4     4
Share-based compensation     10      
Other     3     1
Net Income $ 685     685    
Dividends declared       (136)    
Other comprehensive income (loss) 22       22  
Shares acquired - share repurchase authorization           0
Shares acquired - share-based compensation plans           (10)
Ending balance at Jun. 30, 2025 $ 14,301 $ 397 1,528 15,193 (249) (2,568)
Beginning Balance (in shares) at Mar. 31, 2025   156.3        
Share-based awards (in shares)   0.1        
Shares acquired - share repurchase authorization (in shares)   0.0        
Shares acquired - share-based compensation plans, shares   (0.1)        
Ending Balance (in shares) at Jun. 30, 2025   156.3        
Dividends declared per common share (in dollars per share) $ 0.87          
Beginning balance at Dec. 31, 2025 $ 15,911 $ 397 1,561 16,719 (34) (2,732)
Share-based awards   0 (10)     16
Share-based compensation     27      
Other     4     (2)
Net Income 1,529     1,529    
Dividends declared       (290)    
Other comprehensive income (loss) (101)       (101)  
Shares acquired - share repurchase authorization           (394)
Shares acquired - share-based compensation plans           (19)
Ending balance at Jun. 30, 2026 $ 16,671 $ 397 1,582 17,958 (135) (3,131)
Beginning Balance (in shares) at Dec. 31, 2025   155.4        
Share-based awards (in shares)   0.5        
Shares acquired - share repurchase authorization (in shares)   (2.4)        
Shares acquired - share-based compensation plans, shares   (0.1)        
Ending Balance (in shares) at Jun. 30, 2026   153.4        
Dividends declared per common share (in dollars per share) $ 1.88          
Beginning balance at Mar. 31, 2026   $ 397 1,561 16,848 (185) (2,907)
Share-based awards   0 7     6
Share-based compensation     12      
Other     2     (2)
Net Income $ 1,255     1,255    
Dividends declared       (145)    
Other comprehensive income (loss) 50       50  
Shares acquired - share repurchase authorization           (215)
Shares acquired - share-based compensation plans           (13)
Ending balance at Jun. 30, 2026 $ 16,671 $ 397 $ 1,582 $ 17,958 $ (135) $ (3,131)
Beginning Balance (in shares) at Mar. 31, 2026   154.6        
Share-based awards (in shares)   0.2        
Shares acquired - share repurchase authorization (in shares)   (1.3)        
Shares acquired - share-based compensation plans, shares   (0.1)        
Ending Balance (in shares) at Jun. 30, 2026   153.4        
Dividends declared per common share (in dollars per share) $ 0.94