v3.26.1
Condensed Consolidated Statements of Changes in Shareholder's Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Deficit)
Beginning Balance at Dec. 31, 2024 $ 1,540 $ 3 $ 2,754 $ (1,644) $ 427
Comprehensive income (loss):          
Net Income (Loss) 288       288
Ending Balance at Jun. 30, 2025 1,903 3 2,929 (1,350) 321
Comprehensive income (loss):          
Dividends 394   0   394
Other Comprehensive Income (Loss), Net of Tax 294     294  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 582        
Adjustments to Additional Paid in Capital, Other 175   175    
Beginning Balance at Mar. 31, 2025 1,984 3 2,929 (1,441) 493
Comprehensive income (loss):          
Net Income (Loss) 138       138
Ending Balance at Jun. 30, 2025 1,903 3 2,929 (1,350) 321
Comprehensive income (loss):          
Dividends 310   0   310
Other Comprehensive Income (Loss), Net of Tax 91     91  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 229        
Beginning Balance at Dec. 31, 2025 2,425 3 2,929 (1,134) 627
Comprehensive income (loss):          
Net Income (Loss) 262       262
Ending Balance at Jun. 30, 2026 2,186 3 2,932 (1,265) 516
Comprehensive income (loss):          
Dividends 373       373
Proceeds from Contributed Capital 3 0 3 0 0
Other Comprehensive Income (Loss), Net of Tax (131)     (131)  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 131        
Adjustments to Additional Paid in Capital, Other     0    
Beginning Balance at Mar. 31, 2026 2,134 3 2,932 (1,352) 551
Comprehensive income (loss):          
Net Income (Loss) 123       123
Ending Balance at Jun. 30, 2026 2,186 $ 3 $ 2,932 (1,265) 516
Comprehensive income (loss):          
Dividends 158       $ 158
Other Comprehensive Income (Loss), Net of Tax 87     $ 87  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 210