v3.26.1
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Retained earnings
Accumulated other comprehensive loss
Additional Paid-in Capital
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2024   339,000        
Beginning balance at Dec. 31, 2024 $ 11,074 $ 0 $ 11,121 $ (46) $ 0 $ (1)
Beginning balance, treasury stock (in shares) at Dec. 31, 2024           0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 409   409      
Other comprehensive (loss) income (2)     (2)    
Share-based compensation 117       117  
Exercise of options and RSU vestings in period (in shares)   1,000        
Withholding taxes on net share settlements of share-based compensation (16)       (16)  
Dividends paid (183)   (152)   (31)  
Shares repurchased (in shares)           3,000
Shares repurchased (70)         $ (70)
Shares retired (in shares)   (3,000)       (3,000)
Shares Retired 0       (70) $ 70
Ending balance (in shares) at Jun. 30, 2025   337,000        
Ending balance at Jun. 30, 2025 11,329 $ 0 11,378 (48) 0 $ (1)
Ending balance, treasury stock (in shares) at Jun. 30, 2025           0
Beginning balance (in shares) at Mar. 31, 2025   339,000        
Beginning balance at Mar. 31, 2025 11,212 $ 0 11,257 (44) 0 $ (1)
Beginning balance, treasury stock (in shares) at Mar. 31, 2025           0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 205   205      
Other comprehensive (loss) income (4)     (4)    
Share-based compensation 58   0   58  
Withholding taxes on net share settlements of share-based compensation (5)       (5)  
Dividends paid (92)   (84)   (8)  
Shares repurchased (in shares)           2,000
Shares repurchased (45)         $ (45)
Shares retired (in shares)   (2,000)       (2,000)
Shares Retired 0       (45) $ 45
Ending balance (in shares) at Jun. 30, 2025   337,000        
Ending balance at Jun. 30, 2025 11,329 $ 0 11,378 (48) 0 $ (1)
Ending balance, treasury stock (in shares) at Jun. 30, 2025           0
Beginning balance (in shares) at Dec. 31, 2025   335,000        
Beginning balance at Dec. 31, 2025 $ 11,563 $ 0 11,614 (50) 0 $ (1)
Beginning balance, treasury stock (in shares) at Dec. 31, 2025 45         0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 484   484      
Other comprehensive (loss) income (8)     (8)    
Share-based compensation 117       117  
Exercise of options and RSU vestings in period (in shares)   3,000        
Withholding taxes on net share settlements of share-based compensation (39)       (39)  
Dividends paid (182)   (182)      
Shares repurchased (in shares)           1,000
Shares repurchased (27)         $ (27)
Shares retired (in shares)   (1,000)       (1,000)
Shares Retired 0       (27) $ 27
Ending balance (in shares) at Jun. 30, 2026   337,000        
Ending balance at Jun. 30, 2026 $ 11,908 $ 0 11,916 (58) 51 $ (1)
Ending balance, treasury stock (in shares) at Jun. 30, 2026 17         0
Beginning balance (in shares) at Mar. 31, 2026   336,000        
Beginning balance at Mar. 31, 2026 $ 11,731 $ 0 11,768 (50) 13 $ 0
Beginning balance, treasury stock (in shares) at Mar. 31, 2026           0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 239   239      
Other comprehensive (loss) income (8)     (8)    
Share-based compensation 56       56  
Exercise of options and RSU vestings in period (in shares)   1,000        
Withholding taxes on net share settlements of share-based compensation (13)       (13)  
Dividends paid (91)   (91)      
Shares repurchased (6)         $ (6)
Shares Retired 0       (5) 5
Ending balance (in shares) at Jun. 30, 2026   337,000        
Ending balance at Jun. 30, 2026 $ 11,908 $ 0 $ 11,916 $ (58) $ 51 $ (1)
Ending balance, treasury stock (in shares) at Jun. 30, 2026 17         0