v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Class A common stock
Additional paid-in capital
Accumulated earnings
Accumulated other comprehensive loss
Non- controlling interests
Beginning balance at Dec. 31, 2024 $ 9,192 $ 3 $ 0 $ 9,567 $ (1,159) $ 781
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 422     378   44
Compensation expense for equity awards 63   63      
Units repurchased for payment of taxes on equity awards (28)   (28) 0    
Repurchase of common stock (669)   (124) (545)    
Foreign currency translation (loss) gain 19       (5) 24
Distributions to non-controlling interests (36)         (36)
Acquisition of non-controlling interests (362)   83   35 (480)
Other (16)   6 (7) (14) (1)
Ending balance at Jun. 30, 2025 8,585 3 0 9,393 (1,143) 332
Beginning balance at Dec. 31, 2024 0          
Redeemable Non-controlling interests            
Net income 9          
Foreign currency translation gain 37          
Acquisition of non-controlling interests 364          
Other (2)          
Ending balance at Jun. 30, 2025 408          
Beginning balance at Mar. 31, 2025 8,633 3 0 9,386 (1,107) 351
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 235     215   20
Compensation expense for equity awards 42   42      
Units repurchased for payment of taxes on equity awards 8   8      
Repurchase of common stock (261)   (42) (219)    
Foreign currency translation (loss) gain 2       (10) 12
Distributions to non-controlling interests (36)         (36)
Acquisition of non-controlling interests (12)   3   0 (15)
Other (26)   (11) 11 (26)  
Ending balance at Jun. 30, 2025 8,585 3 0 9,393 (1,143) 332
Beginning balance at Mar. 31, 2025 371          
Redeemable Non-controlling interests            
Net income 5          
Foreign currency translation gain 37          
Acquisition of non-controlling interests 16          
Other (21)          
Ending balance at Jun. 30, 2025 408          
Beginning balance at Dec. 31, 2025 9,193 3 0 9,916 (1,041) 315
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 579     522   57
Compensation expense for equity awards 107   107      
Units repurchased for payment of taxes on equity awards (40)   (40)      
Repurchase of common stock (954)   (58) (896)    
Foreign currency translation (loss) gain (79)       (75) (4)
Distributions to non-controlling interests (61)         (61)
Other (25)   (9) (30) (1) 15
Ending balance at Jun. 30, 2026 8,720 3 0 9,512 (1,117) 322
Beginning balance at Dec. 31, 2025 433          
Redeemable Non-controlling interests            
Net income 10          
Foreign currency translation gain (9)          
Other 20          
Ending balance at Jun. 30, 2026 454          
Beginning balance at Mar. 31, 2026 8,860 3 0 9,678 (1,161) 340
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 241     204   37
Compensation expense for equity awards 59   59      
Units repurchased for payment of taxes on equity awards (6)   (6)      
Repurchase of common stock (419)   (49) (370)    
Foreign currency translation (loss) gain 45       44 1
Distributions to non-controlling interests (61)         (61)
Other 1   (4) 0 0 5
Ending balance at Jun. 30, 2026 8,720 $ 3 $ 0 $ 9,512 $ (1,117) $ 322
Beginning balance at Mar. 31, 2026 447          
Redeemable Non-controlling interests            
Net income 6          
Foreign currency translation gain 1          
Other 0          
Ending balance at Jun. 30, 2026 $ 454