v3.26.1
EARNINGS PER COMMON SHARE - Schedule of Net Income (Loss) per Common Share (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Numerator        
Net income (loss) $ 559 $ 680 $ 1,213 $ 890
Less: dividends declared - common shares and unvested common shares (78) (84) (158) (169)
Undistributed earnings, basic 481 596 1,055 721
Undistributed earnings, diluted $ 481 $ 596 $ 1,055 $ 721
Percentage allocated to common shareholders 98.70% 98.80% 98.70% 98.80%
Net income (loss) available to common stockholders, basic before dividends, common stock $ 475 $ 589 $ 1,041 $ 713
Net income (loss) available to common stockholders, diluted before dividends, common stock 475 589 1,041 713
Add: dividends declared - common shareholders 77 83 156 167
Numerator for basic earnings per common share 552 672 1,197 880
Numerator for diluted earnings per common share $ 552 $ 672 $ 1,197 $ 880
Denominator        
Denominator for basic earnings per weighted-average common shares (in shares) 38,800,000 41,800,000 39,300,000 42,000,000.0
Effect of dilutive securities:        
ESPP Offering (in shares) 810 0 1,304 0
Denominator for diluted earnings per adjusted weighted-average common shares (in shares) 38,800,000 41,800,000 39,300,000 42,000,000.0
Per common share net income (loss)        
Basic (in dollars per share) $ 14.22 $ 16.10 $ 30.45 $ 20.93
Diluted (in dollars per share) $ 14.22 $ 16.10 $ 30.45 $ 20.93
Basic weighted-average common shares outstanding (in shares) 38,800,000 41,800,000 39,300,000 42,000,000.0
Basic weighted-average common shares outstanding and unvested common shares expected to vest (in shares) 39,400,000 42,300,000 39,800,000 42,500,000