v3.26.1
Condensed Consolidated Statements of Shareholders’ Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Treasury Stock
Beginning balance at Dec. 31, 2024 $ 3,191 $ 1 $ 1,734 $ (81) $ 2,296 $ (759)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock repurchased (37)         (37)
Treasury stock issued 2         2
Share-based compensation expense, net of forfeitures 21   21      
Withholding tax on share-based compensation (10)   (10)      
Other comprehensive income 30     30    
Cash dividends [1] (251)       (251)  
Net income 380       380  
Ending balance at Jun. 30, 2025 3,326 1 1,745 (51) 2,425 (794)
Beginning balance at Mar. 31, 2025 3,280 1 1,734 (65) 2,384 (774)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock repurchased (21)         (21)
Treasury stock issued 1         1
Share-based compensation expense, net of forfeitures 11   11      
Other comprehensive income 14     14    
Cash dividends [2] (126)       (126)  
Net income 167       167  
Ending balance at Jun. 30, 2025 3,326 1 1,745 (51) 2,425 (794)
Beginning balance at Dec. 31, 2025 3,401 1 1,757 (41) 2,579 (895)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock repurchased (139)         (139)
Treasury stock issued 2         2
Share-based compensation expense, net of forfeitures 20   20      
Withholding tax on share-based compensation (19)   (19)      
Other comprehensive income (13)     (13)    
Cash dividends [1] (247)       (247)  
Net income 378       378  
Ending balance at Jun. 30, 2026 3,383 1 1,758 (54) 2,710 (1,032)
Beginning balance at Mar. 31, 2026 3,377 1 1,750 (53) 2,680 (1,001)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock repurchased (32)         (32)
Treasury stock issued 1         1
Share-based compensation expense, net of forfeitures 9   9      
Withholding tax on share-based compensation (1)   (1)      
Other comprehensive income (1)     (1)    
Cash dividends [2] (122)       (122)  
Net income 152       152  
Ending balance at Jun. 30, 2026 $ 3,383 $ 1 $ 1,758 $ (54) $ 2,710 $ (1,032)
[1]
* Cash dividends declared were $2.10 per share and $2.08 per share during the six months ended June 30, 2026 and 2025, respectively.
[2]
* Cash dividends declared were $1.05 per share and $1.04 per share during the three months ended June 30, 2026 and 2025, respectively.