v3.26.1
Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Preferred Stock
Additional Paid-in Capital
Retained Earnings
Parent Company Net Investment
Accumulated Other Comp (Loss) Income
Non-controlling Interests
Beginning balance at Dec. 31, 2024 $ 10,896 $ 0 $ 0 $ 0 $ 0 $ 11,058 $ (414) $ 252
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 397         381   16
Other comprehensive income (loss) 231           223 8
Distributions to noncontrolling interests (8)             (8)
Net transfers to Parent (318)         (318)    
Ending balance at Jun. 30, 2025 11,198 0 0 0 0 11,121 (191) 268
Beginning balance at Mar. 31, 2025 11,039 0 0 0 0 11,146 (363) 256
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 198         188   10
Other comprehensive income (loss) 177           172 5
Distributions to noncontrolling interests (3)             (3)
Net transfers to Parent (213)         (213)    
Ending balance at Jun. 30, 2025 11,198 0 0 0 0 11,121 (191) 268
Beginning balance at Dec. 31, 2025 7,366 2 2 7,286 18 0 (213) 271
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 298       275     23
Other comprehensive income (loss) (59)           (56) (3)
Distributions to noncontrolling interests (6)             (6)
Dividends (34)       (34)      
Stock-based compensation 18     18        
Common stock repurchased (50)     (50)        
Separation-related adjustments 12     12        
Other 1       1      
Ending balance at Jun. 30, 2026 7,546 2 2 7,266 260 0 (269) 285
Beginning balance at Mar. 31, 2026 7,461 2 2 7,276 170 0 (264) 275
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 136       124     12
Other comprehensive income (loss) (6)           (5) (1)
Dividends (34)       (34)      
Stock-based compensation 13     13        
Common stock repurchased (25)     (25)        
Separation-related adjustments 2     2        
Other (1)             (1)
Ending balance at Jun. 30, 2026 $ 7,546 $ 2 $ 2 $ 7,266 $ 260 $ 0 $ (269) $ 285