v3.26.1
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Millions
Total
Preferred Stock A (Par Value: $0.01)
Common Stock (Par Value: $0.01)
Paid-in Capital in excess of Par
Accumulated deficit
Treasury Stock, at Cost
AOCL, Net of Tax
Beginning balance (in shares) at Dec. 31, 2024 414,934,628            
Beginning balance at Dec. 31, 2024 $ 8,167 $ 503 $ 4 $ 9,282 $ (763) $ (219) $ (640)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares issued for restricted stock, net of forfeitures (in shares) 959,622            
Shares issued for restricted stock, net of forfeitures $ 0     (20)   20  
Compensation expense related to restricted stock awards 29     29      
Net income (loss) (170)       (170)    
Dividends paid on common stock (8)       (8)    
Dividends paid on preferred stock $ (16)       (16)    
Purchase of common stock (in shares) (540,856)            
Purchase of common stock $ (5)         (5)  
Other comprehensive income (loss) net of tax $ 98           98
Ending balance (in shares) at Jun. 30, 2025 415,353,394            
Ending balance at Jun. 30, 2025 $ 8,095 503 4 9,291 (957) (204) (542)
Beginning balance at Dec. 31, 2024 1            
Ending balance at Jun. 30, 2025 $ 1            
Beginning balance (in shares) at Mar. 31, 2025 415,021,890            
Beginning balance at Mar. 31, 2025 $ 8,153 503 4 9,286 (875) (212) (553)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares issued for restricted stock, net of forfeitures (in shares) 495,791            
Shares issued for restricted stock, net of forfeitures $ 0     (9)   9  
Compensation expense related to restricted stock awards 14     14      
Net income (loss) (70)       (70)    
Dividends paid on common stock (4)       (4)    
Dividends paid on preferred stock $ (8)       (8)    
Purchase of common stock (in shares) (164,287)            
Purchase of common stock $ (1)         (1)  
Other comprehensive income (loss) net of tax $ 11           11
Ending balance (in shares) at Jun. 30, 2025 415,353,394            
Ending balance at Jun. 30, 2025 $ 8,095 503 4 9,291 (957) (204) (542)
Beginning balance at Mar. 31, 2025 1            
Ending balance at Jun. 30, 2025 $ 1            
Beginning balance (in shares) at Dec. 31, 2025 415,982,036            
Beginning balance at Dec. 31, 2025 $ 8,143 503 4 9,303 (988) (190) (489)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares issued for restricted stock, net of forfeitures (in shares) 1,777,264            
Shares issued for restricted stock, net of forfeitures $ 2     (37)   39  
Compensation expense related to restricted stock awards 33     33      
Net income (loss) 55       55    
Dividends paid on common stock (9)       (9)    
Dividends paid on preferred stock $ (16)       (16)    
Purchase of common stock (in shares) (740,328)            
Purchase of common stock $ (10)         (10)  
Other comprehensive income (loss) net of tax $ (58)           (58)
Ending balance (in shares) at Jun. 30, 2026 417,018,972            
Ending balance at Jun. 30, 2026 $ 8,140 503 4 9,299 (958) (161) (547)
Beginning balance at Dec. 31, 2025 1            
Ending balance at Jun. 30, 2026 $ 1            
Beginning balance (in shares) at Mar. 31, 2026 416,777,393            
Beginning balance at Mar. 31, 2026 $ 8,120 503 4 9,288 (980) (167) (528)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares issued for restricted stock, net of forfeitures (in shares) 376,495            
Shares issued for restricted stock, net of forfeitures $ 2     (8)   10  
Compensation expense related to restricted stock awards 19     19      
Net income (loss) 34       34    
Dividends paid on common stock (4)       (4)    
Dividends paid on preferred stock $ (8)       (8)    
Purchase of common stock (in shares) (134,916)            
Purchase of common stock $ (4)         (4)  
Other comprehensive income (loss) net of tax $ (19)           (19)
Ending balance (in shares) at Jun. 30, 2026 417,018,972            
Ending balance at Jun. 30, 2026 $ 8,140 $ 503 $ 4 $ 9,299 $ (958) $ (161) $ (547)
Beginning balance at Mar. 31, 2026 1            
Ending balance at Jun. 30, 2026 $ 1