v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents (amount related to variable interest entity (VIE)— 2026: $341, 2025: $130) $ 2,480 $ 1,982
Property, plant and equipment—net (amount related to VIE—2026: $504, 2025: $361) 6,758 6,715
Operating lease right-of-use assets (amount related to VIE—2026: $1, 2025: $0) 385 410
Accounts payable and accrued expenses (amount related to VIE—2026: $51, 2025: $52) 642 681
Current operating lease liabilities (amount related to VIE—2026: $1, 2025: $0) 104 110
Other liabilities (amount related to VIE—2026: $1, 2025: $1) $ 378 $ 337
Preferred Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Preferred Stock, Shares Authorized 50,000,000 50,000,000
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Common Stock, Shares Authorized 500,000,000 500,000,000
Common Stock, Shares, Issued 151,641,530 153,552,162
Treasury stock (in shares) 45,854 0
Variable Interest Entity, Primary Beneficiary    
Cash and cash equivalents (amount related to variable interest entity (VIE)— 2026: $341, 2025: $130) $ 341 $ 130
Property, plant and equipment—net (amount related to VIE—2026: $504, 2025: $361) 504 361
Operating lease right-of-use assets (amount related to VIE—2026: $1, 2025: $0) 1 0
Accounts payable and accrued expenses (amount related to VIE—2026: $51, 2025: $52) 52 52
Accounts payable and accrued expenses, less guarantees for financial commitments 51  
Current operating lease liabilities (amount related to VIE—2026: $1, 2025: $0) 1 0
Other liabilities (amount related to VIE—2026: $1, 2025: $1) $ 1 $ 1