v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
(Unaudited) - USD ($)
$ in Millions
Total
Common shares
Additional paid-in capital
Accumulated other comprehensive income
Retained earnings
Beginning balance at Dec. 31, 2024 $ 2,918 $ 1 $ 1,969 $ 1 $ 947
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share based compensation 4   4    
Net income/(loss) (14)       (14)
Ending balance at Mar. 31, 2025 2,908 1 1,973 1 933
Beginning balance at Dec. 31, 2024 2,918 1 1,969 1 947
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income/(loss) (56)        
Ending balance at Jun. 30, 2025 2,871 1 1,978 1 891
Beginning balance at Mar. 31, 2025 2,908 1 1,973 1 933
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share based compensation 5   5    
Net income/(loss) (42)       (42)
Ending balance at Jun. 30, 2025 2,871 1 1,978 1 891
Beginning balance at Dec. 31, 2025 2,858 1 1,986 1 870
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share based compensation 1   1    
Shares withheld for taxes on equity transactions (1)   (1)    
Net income/(loss) (7)       (7)
Ending balance at Mar. 31, 2026 2,851 1 1,986 1 863
Beginning balance at Dec. 31, 2025 2,858 1 1,986 1 870
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income/(loss) 22        
Ending balance at Jun. 30, 2026 2,864 1 1,970 1 892
Beginning balance at Mar. 31, 2026 2,851 1 1,986 1 863
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share based compensation 5   5    
Shares repurchased (20)   (20)    
Shares withheld for taxes on equity transactions (1)   (1)    
Net income/(loss) 29       29
Ending balance at Jun. 30, 2026 $ 2,864 $ 1 $ 1,970 $ 1 $ 892