v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Common Stock
Class A Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning of period (in shares) at Mar. 31, 2025   168,522,544        
Beginning of period at Mar. 31, 2025 $ 1,003 $ 2 $ (3,082) $ 1,042 $ 3,070 $ (29)
Treasury stock (in shares) at Mar. 31, 2025     (43,643,540)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (in shares)   313,274        
Issuance of common stock 9     9    
Stock options exercised (in shares)   14,279        
Stock options exercised 1     1    
Repurchase of common stock (in shares)   (1,400,000) (1,497,572) [1]      
Repurchase of common stock (167) [1] $ (154) $ (167) [1]      
Net income 271       271  
Other comprehensive income (loss), net of tax (1)         (1)
Dividends paid (70)       (70)  
Stock-based compensation expense 19     19    
End of period (in shares) at Jun. 30, 2025   168,850,097        
End of period at Jun. 30, 2025 $ 1,065 $ 2 $ (3,249) 1,071 3,271 (30)
Treasury stock (in shares) at Jun. 30, 2025     (45,141,112)      
Beginning of period (in shares) at Mar. 31, 2026 120,341,320 169,805,201        
Beginning of period at Mar. 31, 2026 $ 1,105 $ 2 $ (3,673) 1,155 3,644 (23)
Treasury stock (in shares) at Mar. 31, 2026 (49,463,881)   (49,463,881)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (in shares)   629,371        
Issuance of common stock $ 7     7    
Stock options exercised (in shares)   79,333        
Stock options exercised 3     3    
Repurchase of common stock (in shares)   (600,000) (765,767) [2]      
Repurchase of common stock (60) [2] $ (50) $ (60) [2]      
Net income 198       198  
Other comprehensive income (loss), net of tax 1         1
Dividends paid (73)       (73)  
Stock-based compensation expense $ 21     21    
End of period (in shares) at Jun. 30, 2026 120,284,257 170,513,905        
End of period at Jun. 30, 2026 $ 1,202 $ 2 $ (3,733) $ 1,186 $ 3,769 $ (22)
Treasury stock (in shares) at Jun. 30, 2026 (50,229,648)   (50,229,648)      
[1] During the three months ended June 30, 2025, the Company purchased 1.4 million shares of the Company’s Class A Common Stock for $154 million. Additionally, the Company’s repurchase of common stock for the three months ended June 30, 2025 includes $13 million to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[2] During the three months ended June 30, 2026, the Company purchased 0.6 million shares of the Company’s Class A Common Stock for $50 million. Additionally, the Company’s repurchase of common stock for the three months ended June 30, 2026 includes $10 million to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.