v3.26.1
CONSOLIDATED STATEMENTS OF COMMON STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2024   100      
Beginning balance at Dec. 31, 2024 $ 4,238 $ 0 $ 3,647 $ 592 $ (1)
Increase (Decrease) in Stockholders' Equity          
Net income 160     160  
Dividends declared to parent (105)     (105)  
Contributions of capital by parent 553   553    
Ending balance (in shares) at Jun. 30, 2025   100      
Ending balance at Jun. 30, 2025 4,846 $ 0 4,200 647 (1)
Beginning balance (in shares) at Mar. 31, 2025   100      
Beginning balance at Mar. 31, 2025 4,444 $ 0 3,847 598 (1)
Increase (Decrease) in Stockholders' Equity          
Net income 101     101  
Dividends declared to parent (52)     (52)  
Contributions of capital by parent 353   353    
Ending balance (in shares) at Jun. 30, 2025   100      
Ending balance at Jun. 30, 2025 $ 4,846 $ 0 4,200 647 (1)
Beginning balance (in shares) at Dec. 31, 2025 100 100      
Beginning balance at Dec. 31, 2025 $ 4,842 $ 0 4,221 622 (1)
Increase (Decrease) in Stockholders' Equity          
Net income 207     207  
Dividends declared to parent (129)     (129)  
Contributions of capital by parent $ 606   606    
Ending balance (in shares) at Jun. 30, 2026 100 100      
Ending balance at Jun. 30, 2026 $ 5,526 $ 0 4,827 700 (1)
Beginning balance (in shares) at Mar. 31, 2026   100      
Beginning balance at Mar. 31, 2026 5,360 $ 0 4,721 640 (1)
Increase (Decrease) in Stockholders' Equity          
Net income 123     123  
Dividends declared to parent (63)     (63)  
Contributions of capital by parent $ 106   106    
Ending balance (in shares) at Jun. 30, 2026 100 100      
Ending balance at Jun. 30, 2026 $ 5,526 $ 0 $ 4,827 $ 700 $ (1)