v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
$ in Millions
Total
Registered Shares
Treasury Shares
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non- Controlling Interests
Beginning balance at Dec. 31, 2024 $ 4            
Increase (Decrease) in Temporary Equity              
Net income (loss) 7            
Other comprehensive income (loss) 4            
Sale of redeemable noncontrolling interest (Note 2) 46            
Ending balance at Jun. 30, 2025 61            
Beginning balance (in shares) at Dec. 31, 2024   133,964,235          
Beginning balance (in shares) at Dec. 31, 2024     21,318,307        
Beginning balance at Dec. 31, 2024 10,945 $ 1 $ (1,549) $ 5,325 $ 12,838 $ (6,702) $ 1,032
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 567       555   12
Other comprehensive income (loss) 559         528 31
Dividends on registered shares (377)       (377)    
Dividends to noncontrolling interests on subsidiary common stock (4)           (4)
Capital contribution (return) from (to) noncontrolling interest 30           30
Sale of redeemable noncontrolling interest (Note 2) 240     189   51  
Acquisition of noncontrolling interest (85)     4     (89)
Share-based compensation expense 35     35      
Issuance of registered or common shares, including stock dividends (in shares)   470,517 (470,517)        
Issuance of registered shares, including stock dividends (15)   $ 41 (51) (5)    
Ending balance (in shares) at Jun. 30, 2025   134,434,752          
Ending balance (in shares) at Jun. 30, 2025     20,847,790        
Ending balance at Jun. 30, 2025 11,895 $ 1 $ (1,508) 5,502 13,011 (6,123) 1,012
Beginning balance at Mar. 31, 2025 49            
Increase (Decrease) in Temporary Equity              
Net income (loss) 8            
Other comprehensive income (loss) 4            
Ending balance at Jun. 30, 2025 61            
Beginning balance (in shares) at Mar. 31, 2025   134,396,552          
Beginning balance (in shares) at Mar. 31, 2025     20,885,990        
Beginning balance at Mar. 31, 2025 11,544 $ 1 $ (1,511) 5,490 13,034 (6,436) 966
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 362       354   8
Other comprehensive income (loss) 331         313 18
Dividends on registered shares (377)       (377)    
Dividends to noncontrolling interests on subsidiary common stock (3)           (3)
Capital contribution (return) from (to) noncontrolling interest 23           23
Share-based compensation expense 16     16      
Issuance of registered or common shares, including stock dividends (in shares)   38,200 (38,200)        
Issuance of registered shares, including stock dividends (1)   $ 3 (4)      
Ending balance (in shares) at Jun. 30, 2025   134,434,752          
Ending balance (in shares) at Jun. 30, 2025     20,847,790        
Ending balance at Jun. 30, 2025 11,895 $ 1 $ (1,508) 5,502 13,011 (6,123) 1,012
Beginning balance at Dec. 31, 2025 53            
Increase (Decrease) in Temporary Equity              
Net income (loss) 16            
Other comprehensive income (loss) (2)            
Capital contribution (return) from (to) noncontrolling interest 1            
Ending balance at Jun. 30, 2026 $ 68            
Beginning balance (in shares) at Dec. 31, 2025   193,408,656          
Beginning balance (in shares) at Dec. 31, 2025 15,103,107   15,103,107        
Beginning balance at Dec. 31, 2025 $ 17,369 $ 2 $ (1,007) 9,841 13,152 (6,084) 1,465
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 766       746   20
Other comprehensive income (loss) 62         70 (8)
Dividends on registered shares (555)       (555)    
Dividends to noncontrolling interests on subsidiary common stock (4)           (4)
Capital contribution (return) from (to) noncontrolling interest 15     (2)     17
Measurement period adjustment (Note 2) (101)           (101)
Share-based compensation expense 53     53      
Repurchase of registered shares (in shares)   (1,966,107) 1,966,107        
Repurchase of registered shares (249)   $ (249)        
Issuance of registered or common shares, including stock dividends (in shares)   664,237 (664,237)        
Issuance of registered shares, including stock dividends $ (14)   $ 44 (54) (4)    
Ending balance (in shares) at Jun. 30, 2026   192,106,786          
Ending balance (in shares) at Jun. 30, 2026 16,404,977   16,404,977        
Ending balance at Jun. 30, 2026 $ 17,342 $ 2 $ (1,212) 9,838 13,339 (6,014) 1,389
Beginning balance at Mar. 31, 2026 51            
Increase (Decrease) in Temporary Equity              
Net income (loss) 17            
Other comprehensive income (loss) (1)            
Capital contribution (return) from (to) noncontrolling interest 1            
Ending balance at Jun. 30, 2026 68            
Beginning balance (in shares) at Mar. 31, 2026   194,015,131          
Beginning balance (in shares) at Mar. 31, 2026     14,496,632        
Beginning balance at Mar. 31, 2026 17,426 $ 2 $ (967) 9,811 13,216 (6,017) 1,381
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 690       678   12
Other comprehensive income (loss) 0         3 (3)
Dividends on registered shares (555)       (555)    
Dividends to noncontrolling interests on subsidiary common stock (1)           (1)
Capital contribution (return) from (to) noncontrolling interest (1)     (1)      
Share-based compensation expense 30     30      
Repurchase of registered shares (in shares)   (1,966,107) 1,966,107        
Repurchase of registered shares (249)   $ (249)        
Issuance of registered or common shares, including stock dividends (in shares)   57,762 (57,762)        
Issuance of registered shares, including stock dividends $ 2   $ 4 (2) 0    
Ending balance (in shares) at Jun. 30, 2026   192,106,786          
Ending balance (in shares) at Jun. 30, 2026 16,404,977   16,404,977        
Ending balance at Jun. 30, 2026 $ 17,342 $ 2 $ (1,212) $ 9,838 $ 13,339 $ (6,014) $ 1,389