The following table summarizes the basic and diluted earnings (loss) per share calculations (in millions, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income from continuing operations attributable to common shareholders - basic | $ | 507 | | | $ | 190 | | | $ | 845 | | | $ | 350 | | | Add: Net income from continuing operations attributable to noncontrolling interests | 158 | | | 74 | | | 265 | | | 137 | | | Net income from continuing operations available to common shareholders and noncontrolling interests - diluted | $ | 665 | | | $ | 264 | | | $ | 1,110 | | | $ | 487 | | | | | | | | | | | Net loss from discontinued operations | $ | — | | | $ | 1 | | | $ | — | | | $ | 3 | | | | | | | | | | | Net income attributable to common shareholders - basic | $ | 507 | | | $ | 189 | | | $ | 845 | | | $ | 348 | | | Add: Net income attributable to noncontrolling interests | 158 | | | 74 | | | 265 | | | 136 | | | Net income available to common shareholders and noncontrolling interests - diluted | $ | 665 | | | $ | 263 | | | $ | 1,110 | | | $ | 484 | | | | | | | | | | | Denominator: | | | | | | | | | Weighted average common shares - basic | 348 | | | 328 | | | 347 | | | 327 | | | Exchange of noncontrolling interests for common shares (Note 11) | 108 | | | 127 | | | 109 | | | 127 | | | Effect of other dilutive securities | 4 | | | 2 | | | 3 | | | 2 | | | Weighted average common shares - diluted | 460 | | | 457 | | | 459 | | | 456 | | | | | | | | | | | Basic net income per share from continuing operations (a) | $ | 1.46 | | | $ | 0.58 | | | $ | 2.43 | | | $ | 1.07 | | | Basic net loss per share from discontinued operations (a) | $ | — | | | $ | (0.00) | | | $ | — | | | $ | (0.01) | | | Basic net income per share (a) | $ | 1.46 | | | $ | 0.58 | | | $ | 2.43 | | | $ | 1.07 | | | | | | | | | | | Diluted net income per share from continuing operations (a) | $ | 1.45 | | | $ | 0.58 | | | $ | 2.42 | | | $ | 1.07 | | | Diluted net loss per share from discontinued operations (a) | $ | — | | | $ | (0.00) | | | $ | — | | | $ | (0.01) | | | Diluted net income per share (a) | $ | 1.45 | | | $ | 0.57 | | | $ | 2.42 | | | $ | 1.06 | | | | | | | | | | | Anti-dilutive securities outstanding | — | | | 5 | | | — | | | 5 | |
(a) Earnings (loss) per share may not recalculate exactly as it is calculated based on unrounded numbers.
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