v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common Stock
Preferred Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Balance at beginning of period at Dec. 31, 2024 $ 15,193 $ 0 $ 0 $ 8,814 $ (1,531) $ 7,909
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 499         499
Other comprehensive income (loss) (28)       (28)  
Stock-based compensation 8     8    
Dividends paid (Note 11) (350)         (350)
Balance at end of period at Mar. 31, 2025 15,321 0 0 8,822 (1,559) 8,058
Balance at beginning of period at Dec. 31, 2024 15,193 0 0 8,814 (1,531) 7,909
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 1,598          
Other comprehensive income (loss) 103          
Balance at end of period at Sep. 30, 2025 15,804 0 0 8,834 (1,428) 8,398
Balance at beginning of period at Mar. 31, 2025 15,321 0 0 8,822 (1,559) 8,058
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 510         510
Other comprehensive income (loss) 137       137  
Stock-based compensation 4     4    
Dividends paid (Note 11) (350)         (350)
Dividends declared on preferred stock (Note 11) (59)         (59)
Balance at end of period at Jun. 30, 2025 15,564 0 0 8,826 (1,422) 8,159
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 589         589
Other comprehensive income (loss) (6)       (6)  
Stock-based compensation 7     7    
Dividends paid (Note 11) (350)         (350)
Balance at end of period at Sep. 30, 2025 15,804 0 0 8,834 (1,428) 8,398
Balance at beginning of period at Dec. 31, 2025 15,813 0 0 8,845 (1,402) 8,369
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 514         514
Other comprehensive income (loss) 3       3  
Stock-based compensation 7     7    
Dividends paid (Note 11) (650)         (650)
Balance at end of period at Mar. 31, 2026 15,687 0 0 8,852 (1,399) 8,233
Balance at beginning of period at Dec. 31, 2025 15,813 0 0 8,845 (1,402) 8,369
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 1,433          
Other comprehensive income (loss) 104          
Balance at end of period at Sep. 30, 2026 16,163 0 0 8,868 (1,298) 8,593
Balance at beginning of period at Mar. 31, 2026 15,687 0 0 8,852 (1,399) 8,233
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 432         432
Other comprehensive income (loss) 123       123  
Stock-based compensation 7     7    
Dividends paid (Note 11) (250)         (250)
Dividends declared on preferred stock (Note 11) (59)         (59)
Balance at end of period at Jun. 30, 2026 15,939 0 0 8,860 (1,276) 8,355
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 487         487
Other comprehensive income (loss) (22)       (22)  
Stock-based compensation 8     8    
Dividends paid (Note 11) (250)         (250)
Balance at end of period at Sep. 30, 2026 $ 16,163 $ 0 $ 0 $ 8,868 $ (1,298) $ 8,593