v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Preferred Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Retained Earnings
Noncontrolling Interest
Beginning balance at Dec. 31, 2024 $ 10,028 $ 685 $ 7,569 $ 340 $ 1,356 $ 78
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for period (49)       (54) 5
Other comprehensive (loss) income 324     324    
Consolidations (deconsolidations) of noncontrolling interests 58         58
Contributions from (distributions to) noncontrolling interests (6)         (6)
Dividends (30)       (30)  
Preferred stock issuance 292 292        
Preferred stock redemption (400) (389)     (11)  
Other 0   (22)   22  
Ending balance at Jun. 30, 2025 10,217 588 7,547 664 1,283 135
Beginning balance at Mar. 31, 2025 10,045 588 7,571 670 1,133 83
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for period 154       152 2
Other comprehensive (loss) income (6)     (6)    
Consolidations (deconsolidations) of noncontrolling interests 58         58
Contributions from (distributions to) noncontrolling interests (8)         (8)
Dividends (11)       (11)  
Other (15)   (24)   9  
Ending balance at Jun. 30, 2025 10,217 588 7,547 664 1,283 135
Beginning balance at Dec. 31, 2025 9,669 292 6,404 1,094 1,759 120
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for period 211       203 8
Other comprehensive (loss) income (658)     (658)    
Contributions from (distributions to) shareholders, net of tax (560)   (560)      
Consolidations (deconsolidations) of noncontrolling interests (66)         (66)
Contributions from (distributions to) noncontrolling interests 62         62
Dividends (12)       (12)  
Other 23   21 (3) 5  
Ending balance at Jun. 30, 2026 8,669 292 5,865 433 1,955 124
Beginning balance at Mar. 31, 2026 9,396 292 6,467 711 1,756 170
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for period 208       204 4
Other comprehensive (loss) income (275)     (275)    
Contributions from (distributions to) shareholders, net of tax (604)   (604)      
Consolidations (deconsolidations) of noncontrolling interests (118)         (118)
Contributions from (distributions to) noncontrolling interests 68         68
Dividends (6)       (6)  
Other 0   2 (3) 1  
Ending balance at Jun. 30, 2026 $ 8,669 $ 292 $ 5,865 $ 433 $ 1,955 $ 124