v3.26.1
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Total
Common Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Deferred Equity Compensation
Non-redeemable Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2024     50,505,320        
Beginning balance at Dec. 31, 2024 $ 5,553 $ 5,495 $ 1 $ 5,878 $ (385) $ 1 $ 58
Increase (Decrease) in Shareholders' Equity              
Net income 291 279   279     12
Dividends (37) (37)   (37)      
Consolidation 26           26
Common share repurchases (in shares)     (2,872,733)        
Common shares repurchases (252) (252) $ (1) (251)      
Share-based compensation (in shares)     476,852        
Share-based compensation (10) (10)   (10)      
Other comprehensive income (loss) 158 158     158    
Ending balance (in shares) at Jun. 30, 2025     48,109,439        
Ending balance at Jun. 30, 2025 5,729 5,633 $ 0 5,859 (227) 1 96
Beginning balance (in shares) at Mar. 31, 2025     49,553,438        
Beginning balance at Mar. 31, 2025 5,657 5,590 $ 0 5,903 (314) 1 67
Increase (Decrease) in Shareholders' Equity              
Net income 106 103   103     3
Dividends (19) (19)   (19)      
Consolidation 26           26
Common share repurchases (in shares)     (1,537,505)        
Common shares repurchases (132) (132)   (132)      
Share-based compensation (in shares)     93,506        
Share-based compensation 4 4   4      
Other comprehensive income (loss) 87 87     87    
Ending balance (in shares) at Jun. 30, 2025     48,109,439        
Ending balance at Jun. 30, 2025 5,729 5,633 $ 0 5,859 (227) 1 96
Beginning balance (in shares) at Dec. 31, 2025     45,184,791        
Beginning balance at Dec. 31, 2025 5,789 5,663 $ 0 5,830 (168) 1 126
Increase (Decrease) in Shareholders' Equity              
Net income 125 127   127     (2)
Dividends (35) (35)   (35)      
Common share repurchases (in shares)     (1,435,545)        
Common shares repurchases (120) (120)   (120)      
Share-based compensation (in shares)     305,981        
Share-based compensation 7 7   7      
Distributions (97)           (97)
Deconsolidation (4)           (4)
Other comprehensive income (loss) (83) (83)     (83)    
Ending balance (in shares) at Jun. 30, 2026     44,055,227        
Ending balance at Jun. 30, 2026 5,582 5,559 $ 0 5,809 (251) 1 23
Beginning balance (in shares) at Mar. 31, 2026     44,591,054        
Beginning balance at Mar. 31, 2026 5,564 5,542 $ 0 5,821 (280) 1 22
Increase (Decrease) in Shareholders' Equity              
Net income 40 39   39     1
Dividends (17) (17)   (17)      
Common share repurchases (in shares)     (553,564)        
Common shares repurchases (45) (45)   (45)      
Share-based compensation (in shares)     17,737        
Share-based compensation 11 11   11      
Other comprehensive income (loss) 29 29     29    
Ending balance (in shares) at Jun. 30, 2026     44,055,227        
Ending balance at Jun. 30, 2026 $ 5,582 $ 5,559 $ 0 $ 5,809 $ (251) $ 1 $ 23