v3.26.1
Condensed Consolidated Statements of Changes in Equity - USD ($)
$ in Millions
Total
Total Stockholders' Equity
Preferred Stock
Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income
Noncontrolling Interest in Subsidiary
Beginning balance at Dec. 31, 2024 $ 5,583 $ 5,570 $ 2,476 $ 5 $ (5,912) $ 9,435 $ (454) $ 20 $ 13
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock repurchases (336) (336)     (336)        
Effects of stock-based incentive compensation plans [1] (27) (27)       (27)      
Net income (loss) (268) (268)         (268)    
Dividends declared on common stock (75) (75)         (75)    
Dividends declared on preferred stock (38) (38)         (38)    
Other (1) (1)       (1)      
Ending balance at Mar. 31, 2025 4,838 4,825 2,476 5 (6,248) 9,407 (835) 20 13
Beginning balance at Dec. 31, 2024 5,583 5,570 2,476 5 (5,912) 9,435 (454) 20 13
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 59                
Ending balance at Jun. 30, 2025 4,836 4,823 2,476 5 (6,485) 9,450 (642) 19 13
Beginning balance at Mar. 31, 2025 4,838 4,825 2,476 5 (6,248) 9,407 (835) 20 13
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock repurchases (237) (237)     (237)        
Effects of stock-based incentive compensation plans 43 43       43      
Net income (loss) 327 327         327    
Dividends declared on common stock (77) (77)         (77)    
Dividends declared on preferred stock (58) (58)         (58)    
Change in accumulated other comprehensive income (1) (1)           (1)  
Other 1 1         1    
Ending balance at Jun. 30, 2025 4,836 4,823 2,476 5 (6,485) 9,450 (642) 19 13
Beginning balance at Dec. 31, 2025 5,110 5,097 2,476 5 (6,925) 9,536 (12) 17 13
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock repurchases (378) (378)     (378)        
Effects of stock-based incentive compensation plans [1] (34) (34)       (34)      
Net income (loss) 1,029 1,029         1,029    
Dividends declared on common stock (78) (78)         (78)    
Dividends declared on preferred stock (39) (39)         (39)    
Other 0 0       (3) 3    
Ending balance at Mar. 31, 2026 5,610 5,597 2,476 5 (7,303) 9,499 903 17 13
Beginning balance at Dec. 31, 2025 5,110 5,097 2,476 5 (6,925) 9,536 (12) 17 13
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 1,334                
Ending balance at Jun. 30, 2026 5,494 5,482 2,476 5 (7,627) 9,536 1,076 16 12
Beginning balance at Mar. 31, 2026 5,610 5,597 2,476 5 (7,303) 9,499 903 17 13
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock repurchases (324) (324)     (324)        
Effects of stock-based incentive compensation plans 35 35       35      
Net income (loss) 305 305         305    
Dividends declared on common stock (78) (78)         (78)    
Dividends declared on preferred stock (57) (57)         (57)    
Change in accumulated other comprehensive income (1) (1)           (1)  
Other 4 5       2 3   (1)
Ending balance at Jun. 30, 2026 $ 5,494 $ 5,482 $ 2,476 $ 5 $ (7,627) $ 9,536 $ 1,076 $ 16 $ 12
[1] Includes cash payments to cover tax withholding obligations upon the vesting of stock-based incentive compensation plans of $69 million and $50 million for the three months ended March 31, 2026 and 2025, respectively.