v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY AND NONCONTROLLING INTERESTS - USD ($)
$ in Millions
Total
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024       42,642,126 23,775,056        
Beginning balance at Dec. 31, 2024 $ 516     $ 1 $ 0 $ 570 $ 10 $ 2 $ (67)
Increase (Decrease) in Stockholders' Equity                  
Dividends declared and paid on Class A and Class B Common Stock (34)           (34)    
Class A Common Stock issued pursuant to employee benefit plans (in shares)       3,249,446          
Class A Common Stock issued pursuant to employee benefit plans 34         34      
Distributions to noncontrolling interests, net (6)               (6)
Acquisition of noncontrolling interests, net 0         (1)     1
Other comprehensive loss (1)             (1)  
Net (loss) income (216)           (220)   4
Ending balance (in shares) at Jun. 30, 2025       45,891,572 23,775,056        
Ending balance at Jun. 30, 2025 293     $ 1 $ 0 603 (244) 1 (68)
Beginning balance (in shares) at Mar. 31, 2025       45,756,209 23,775,056        
Beginning balance at Mar. 31, 2025 368     $ 1 $ 0 597 (163) 1 (68)
Increase (Decrease) in Stockholders' Equity                  
Dividends declared and paid on Class A and Class B Common Stock (17)           (17)    
Class A Common Stock issued pursuant to employee benefit plans (in shares)       135,363          
Class A Common Stock issued pursuant to employee benefit plans 7         7      
Distributions to noncontrolling interests, net (3)               (3)
Acquisition of noncontrolling interests, net 0         (1)     1
Net (loss) income (62)           (64)   2
Ending balance (in shares) at Jun. 30, 2025       45,891,572 23,775,056        
Ending balance at Jun. 30, 2025 293     $ 1 $ 0 603 (244) $ 1 (68)
Beginning balance (in shares) at Dec. 31, 2025   45,979,350 23,755,236 45,979,350 23,755,236        
Beginning balance at Dec. 31, 2025 370     $ 1 $ 0 613 (171)   (73)
Increase (Decrease) in Stockholders' Equity                  
Dividends declared and paid on Class A and Class B Common Stock (36)           (36)    
Class A Common Stock issued pursuant to employee benefit plans (in shares)       2,528,491          
Class A Common Stock issued pursuant to employee benefit plans 27         27      
Distributions to noncontrolling interests, net (3)               (3)
Issuance of subsidiary stock awards 2         2      
Net (loss) income (56)           (56)   0
Ending balance (in shares) at Jun. 30, 2026   48,507,841 23,755,236 48,507,841 23,755,236        
Ending balance at Jun. 30, 2026 304     $ 1 $ 0 642 (263)   (76)
Beginning balance (in shares) at Mar. 31, 2026       48,254,010 23,755,236        
Beginning balance at Mar. 31, 2026 392     $ 1 $ 0 635 (169)   (75)
Increase (Decrease) in Stockholders' Equity                  
Dividends declared and paid on Class A and Class B Common Stock (18)           (18)    
Class A Common Stock issued pursuant to employee benefit plans (in shares)       253,831          
Class A Common Stock issued pursuant to employee benefit plans 7         7      
Net (loss) income (77)           (76)   (1)
Ending balance (in shares) at Jun. 30, 2026   48,507,841 23,755,236 48,507,841 23,755,236        
Ending balance at Jun. 30, 2026 $ 304     $ 1 $ 0 $ 642 $ (263)   $ (76)