v3.26.1
Condensed Consolidated Statement of Equity - USD ($)
$ in Millions
Total
Common stock
Series A
Common stock
Series B
Additional paid-in capital
Accumulated other comprehensive earnings (loss)
Retained earnings (accumulated deficit)
Noncontrolling interest in equity of subsidiaries
Beginning balance at Dec. 31, 2024 $ (885) $ 0 $ 0 $ 138 $ (15) $ (1,094) $ 86
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (loss) (2,300)         (2,322) 22
Other comprehensive earnings (loss) 316       310   6
Stock-based compensation 4     4      
Distribution to noncontrolling interest (22)           (22)
Other (1)     (1)      
Ending balance at Jun. 30, 2025 (2,888) 0 0 141 295 (3,416) 92
Beginning balance at Mar. 31, 2025 (893) 0 0 140 73 (1,194) 88
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (loss) (2,209)         (2,222) 13
Other comprehensive earnings (loss) 224       222   2
Stock-based compensation 1     1      
Distribution to noncontrolling interest (11)           (11)
Ending balance at Jun. 30, 2025 (2,888) $ 0 $ 0 141 295 (3,416) 92
Beginning balance at Dec. 31, 2025 (3,017)     142 291 (3,533) 83
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (loss) (70)         (87) 17
Other comprehensive earnings (loss) (634)       (632)   (2)
Distribution to noncontrolling interest             (16)
Ending balance at Jun. 30, 2026 (3,737)     142 (341) (3,620) 82
Beginning balance at Mar. 31, 2026 (3,154)     142 203 (3,580) 81
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (loss) (30)         (40) 10
Other comprehensive earnings (loss) (545)       (544)   (1)
Distribution to noncontrolling interest (8)           (8)
Ending balance at Jun. 30, 2026 $ (3,737)     $ 142 $ (341) $ (3,620) $ 82