v3.26.1
Earnings Per Share (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Basic EPS:            
Net income $ 142,000,000 $ 270,000,000 $ 547,000,000 $ 517,000,000 $ 412,000,000 $ 1,064,000,000
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $ 82,000,000 [1]   $ 0   $ 82,000,000 [1] $ 0
Weighted average common shares outstanding (in shares) 1,360,600,000   1,358,300,000   1,359,900,000 1,357,700,000
Earnings per common share - basic (in dollars per share) $ 0.04   $ 0.40   $ 0.24 $ 0.78
Diluted EPS:            
Weighted average common shares outstanding (in shares) 1,360,600,000   1,358,300,000   1,359,900,000 1,357,700,000
Effect of dilutive securities (in shares) 3,900,000   4,500,000   4,300,000 4,900,000
Weighted average common shares outstanding and common stock equivalents (in shares) 1,364,500,000   1,362,800,000   1,364,200,000 1,362,600,000
Earnings per common share - diluted (in dollars per share) $ 0.04   $ 0.40   $ 0.24 $ 0.78
Anti-dilutive shares excluded from the diluted weighted average shares outstanding calculation (in shares) 1,600,000   400,000   2,100,000 400,000
Net Income (Loss) Available to Common Stockholders, Basic $ 60,000,000   $ 547,000,000   $ 330,000,000 $ 1,064,000,000
[1] For the periods presented, the preferred dividend rate was determined to be the greater amount used to determine the net income allocated to the Preferred Investors.