v3.26.1
Statements of Consolidated Equity - USD ($)
$ in Millions
Total
Common Stock
Treasury Stock, Common
Additional Paid-in Capital
Retained Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Beginning balance at Dec. 31, 2024 $ 10,668.3 $ 4.7 $ (99.9) $ 9,521.5 $ (711.7) $ (30.4) $ 1,984.1
Comprehensive Income:              
Net Income 627.2       577.0    
Net current-period other comprehensive income (loss) 2.2            
Other comprehensive income (loss), net of tax 2.2 0.0 0.0 0.0 0.0 2.2 0.0
Dividends:              
Common stock (397.4)       (397.4)    
Contributions from noncontrolling interests (134.3)           (134.3)
Distributions to noncontrolling interests (54.2)   0.0       (54.2)
Stock Issuances:              
Employee stock purchase plan 3.6     3.6      
Long-term incentive plan       (8.1)      
401(k) and profit sharing 4.8     4.8      
Ending balance at Jun. 30, 2025 10,996.9 4.7 (99.9) 9,538.0 (532.1) (28.2) 2,114.4
Stock Issuances:              
Net income (loss) attributable to noncontrolling interest 50.2           50.2
Long-term incentive plan 8.1            
Beginning balance at Mar. 31, 2025 10,946.0 4.7 (99.9) 9,522.6 (501.4) (29.2) 2,049.2
Comprehensive Income:              
Net Income 100.5       102.2    
Net current-period other comprehensive income (loss) 1.0            
Other comprehensive income (loss), net of tax 1.0         1.0  
Dividends:              
Common stock (132.9)       (132.9)    
Contributions from noncontrolling interests (99.5)           (99.5)
Distributions to noncontrolling interests (32.6)           (32.6)
Stock Issuances:              
Employee stock purchase plan 1.9     1.9      
Long-term incentive plan 11.4            
401(k) and profit sharing 2.1     2.1      
Ending balance at Jun. 30, 2025 10,996.9 4.7 (99.9) 9,538.0 (532.1) (28.2) 2,114.4
Stock Issuances:              
Net income (loss) attributable to noncontrolling interest (1.7)           (1.7)
Long-term incentive plan       11.4      
Beginning balance at Dec. 31, 2025 11,659.9 4.8 (99.9) 9,866.6 (315.2) (6.2) 2,209.8
Comprehensive Income:              
Net Income 593.1       552.6    
Net current-period other comprehensive income (loss) (3.3)         (3.3)  
Other comprehensive income (loss), net of tax (3.3)            
Dividends:              
Common stock (437.2)       (437.2)    
Contributions from noncontrolling interests (124.5)           (124.5)
Distributions to noncontrolling interests (55.0)           (55.0)
Stock Issuances:              
Employee stock purchase plan 4.0     4.0      
401(k) and profit sharing 4.8     4.8      
Ending balance at Jun. 30, 2026 11,894.4 4.8 (99.9) 9,875.4 (196.2) (9.5) 2,319.8
Stock Issuances:              
Net income (loss) attributable to noncontrolling interest 40.5           40.5
Beginning balance at Mar. 31, 2026 11,927.5 4.8 (99.9) 9,859.1 (96.6) (9.2) 2,269.3
Comprehensive Income:              
Net Income 36.9       45.5    
Net current-period other comprehensive income (loss) (0.3)         (0.3)  
Other comprehensive income (loss), net of tax (0.3)            
Dividends:              
Common stock (145.1)       (145.1)    
Contributions from noncontrolling interests (91.0)           (91.0)
Distributions to noncontrolling interests (31.9)           (31.9)
Stock Issuances:              
Employee stock purchase plan 2.1     2.1      
Long-term incentive plan 12.0     12.0      
401(k) and profit sharing 2.2     2.2      
Ending balance at Jun. 30, 2026 11,894.4 $ 4.8 $ (99.9) $ 9,875.4 $ (196.2) $ (9.5) 2,319.8
Stock Issuances:              
Net income (loss) attributable to noncontrolling interest $ (8.6)           $ (8.6)