v3.26.1
STOCKHOLDERS’ EQUITY AND EARNINGS (LOSS) PER SHARE (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Change in Ownership Interest
The following table summarizes changes in the ownership interest in consolidated subsidiaries during the respective periods presented:

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(In millions)
Net income (loss) attributable to the Company$1,882 $699 $1,907 $2,104 
Transfers (to) from the non-controlling interests:
Increase in additional paid-in-capital due to proceeds from the sale of Viper's common stock, net
— — 219 — 
Other transfers (to) from the non-controlling interests
(33)(734)73 (528)
Change from net income (loss) attributable to the Company’s stockholders and transfers with non-controlling interest$1,849 $(35)$2,199 $1,576 
Schedule of Dividends Declared
The following table presents dividends and dividend equivalent rights paid on the Company’s common stock during the respective periods:

Dividend Per Share
Total
(In millions, except per share amounts)
2026
First quarter$1.05 $298 
Second quarter1.10 311 
Total year-to-date$2.15 $609 
2025
First quarter$1.00 $291 
Second quarter1.00 293 
Total year-to-date$2.00 $584 
Schedule of Reconciliation of Basic and Diluted Net Income Per Share
A reconciliation of the components of basic and diluted earnings (loss) per common share is presented below:

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(In millions, except per share amounts, shares in thousands)
Net income (loss) attributable to common shares$1,882 $699 $1,907 $2,104 
Less: distributed and undistributed earnings allocated to participating securities(1)
11 11 10 
Net income (loss) attributable to common stockholders$1,871 $695 $1,896 $2,094 
Weighted average common shares outstanding:
Basic weighted average common shares outstanding281,202 292,135 281,993 290,880 
Effect of dilutive securities:
Weighted-average potential common shares issuable— — — — 
Diluted weighted average common shares outstanding281,202 292,135 281,993 290,880 
Basic net income (loss) attributable to common shares$6.65 $2.38 $6.72 $7.20 
Diluted net income (loss) attributable to common shares$6.65 $2.38 $6.72 $7.20 
(1)    Unvested restricted stock units and performance-based restricted stock unit awards that contain non-forfeitable dividend equivalent rights are considered participating securities and therefore are included in the earnings per share calculation pursuant to the two-class method.