v3.26.1
Interim Condensed Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Common stock
Additional paid-in capital
Treasury Stock
Retained Earnings
Accumulated other comprehensive loss
Beginning Balance (in shares) at Dec. 31, 2024   50,000,000        
Beginning Balance at Dec. 31, 2024 $ 4,351 $ 0 $ 1,770 $ (311) $ 3,812 $ (920)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 494       494  
Other comprehensive income 159         159
Ending Balance (in shares) at Mar. 31, 2025   50,000,000        
Ending Balance at Mar. 31, 2025 5,004 $ 0 1,770 (311) 4,306 (761)
Beginning Balance (in shares) at Dec. 31, 2024   50,000,000        
Beginning Balance at Dec. 31, 2024 4,351 $ 0 1,770 (311) 3,812 (920)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 1,017          
Other comprehensive income 345          
Ending Balance (in shares) at Jun. 30, 2025   50,000,000        
Ending Balance at Jun. 30, 2025 5,713 $ 0 1,770 (311) 4,829 (575)
Beginning Balance (in shares) at Mar. 31, 2025   50,000,000        
Beginning Balance at Mar. 31, 2025 5,004 $ 0 1,770 (311) 4,306 (761)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 523       523  
Other comprehensive income 186         186
Ending Balance (in shares) at Jun. 30, 2025   50,000,000        
Ending Balance at Jun. 30, 2025 $ 5,713 $ 0 1,770 (311) 4,829 (575)
Beginning Balance (in shares) at Dec. 31, 2025 50,697,182 50,000,000        
Beginning Balance at Dec. 31, 2025 $ 6,748 $ 0 1,771 (312) 5,809 (520)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 417       417  
Other comprehensive income 116         116
Ending Balance (in shares) at Mar. 31, 2026   50,000,000        
Ending Balance at Mar. 31, 2026 $ 7,281 $ 0 1,771 (312) 6,226 (404)
Beginning Balance (in shares) at Dec. 31, 2025 50,697,182 50,000,000        
Beginning Balance at Dec. 31, 2025 $ 6,748 $ 0 1,771 (312) 5,809 (520)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 883          
Other comprehensive income $ 203          
Ending Balance (in shares) at Jun. 30, 2026 50,696,802 50,000,000        
Ending Balance at Jun. 30, 2026 $ 7,834 $ 0 1,772 (313) 6,692 (317)
Beginning Balance (in shares) at Mar. 31, 2026   50,000,000        
Beginning Balance at Mar. 31, 2026 7,281 $ 0 1,771 (312) 6,226 (404)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Stock-based compensation — restricted shares issued 1   1      
Common Stock repurchased (1)     (1)    
Net income 466       466  
Other comprehensive income $ 87         87
Ending Balance (in shares) at Jun. 30, 2026 50,696,802 50,000,000        
Ending Balance at Jun. 30, 2026 $ 7,834 $ 0 $ 1,772 $ (313) $ 6,692 $ (317)