v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
 [3]
Beginning common share balance (in shares) at Dec. 31, 2024 [1],[2]   65,000,000        
Beginning balance at Dec. 31, 2024   $ 1 $ 2,691 $ 13,813 $ (7,478) $ (405)
Beginning treasury share balance (in shares) at Dec. 31, 2024         50,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 1,841     1,841    
Dividends declared [4]       (350)    
Foreign currency translation adjustments 122         122
Fixed price diesel swaps 0          
Stock compensation expense, net     102      
Tax withholding for share-based compensation     (42)      
Repurchase of common stock (in shares)   (2,000,000) [1],[2]     (2,000,000)  
Repurchase of common stock         $ (1,295)  
Ending common share balance (in shares) at Sep. 30, 2025 [1],[2]   64,000,000        
Ending balance at Sep. 30, 2025   $ 1 2,751 15,304 $ (8,773) (283)
Ending treasury share balance (in shares) at Sep. 30, 2025         52,000,000  
Beginning common share balance (in shares) at Jun. 30, 2025 [1],[2]   64,000,000        
Beginning balance at Jun. 30, 2025   $ 1 2,721 14,718 $ (8,151) (254)
Beginning treasury share balance (in shares) at Jun. 30, 2025         51,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 701     701    
Dividends declared [4]       (115)    
Foreign currency translation adjustments (29)         (29)
Fixed price diesel swaps $ 0          
Stock compensation expense, net     32      
Tax withholding for share-based compensation     (2)      
Repurchase of common stock (in shares)   (1,000,000) [1],[2]     (1,000,000)  
Repurchase of common stock         $ (622)  
Ending common share balance (in shares) at Sep. 30, 2025 [1],[2]   64,000,000        
Ending balance at Sep. 30, 2025   $ 1 2,751 15,304 $ (8,773) (283)
Ending treasury share balance (in shares) at Sep. 30, 2025         52,000,000  
Beginning common share balance (in shares) at Dec. 31, 2025 63,095,970 63,000,000 [1],[2]        
Beginning balance at Dec. 31, 2025 $ 8,968 $ 1 2,769 15,843 $ (9,396) (249)
Beginning treasury share balance (in shares) at Dec. 31, 2025 52,258,620       52,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 2,204     2,204    
Dividends declared [4]       (371)    
Foreign currency translation adjustments (51)         (51)
Fixed price diesel swaps $ 3         3
Stock compensation expense, net [5]     125      
Tax withholding for share-based compensation     (48)      
Repurchase of common stock (in shares)   (1,000,000) [1],[2]     (1,000,000)  
Repurchase of common stock         $ (1,135)  
Ending common share balance (in shares) at Sep. 30, 2026 61,990,795 62,000,000 [1],[2]        
Ending balance at Sep. 30, 2026 $ 9,695 $ 1 2,846 17,676 $ (10,531) (297)
Ending treasury share balance (in shares) at Sep. 30, 2026 53,454,693       53,000,000  
Beginning common share balance (in shares) at Jun. 30, 2026 [1],[2]   62,000,000        
Beginning balance at Jun. 30, 2026   $ 1 2,803 16,879 $ (10,152) (307)
Beginning treasury share balance (in shares) at Jun. 30, 2026         53,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 920     920    
Dividends declared [4]       (123)    
Foreign currency translation adjustments 7         7
Fixed price diesel swaps $ 3         3
Stock compensation expense, net     43      
Repurchase of common stock         $ (379)  
Ending common share balance (in shares) at Sep. 30, 2026 61,990,795 62,000,000 [1],[2]        
Ending balance at Sep. 30, 2026 $ 9,695 $ 1 $ 2,846 $ 17,676 $ (10,531) $ (297)
Ending treasury share balance (in shares) at Sep. 30, 2026 53,454,693       53,000,000  
[1] Amounts may not foot due to rounding.
[2] Common stock outstanding decreased by approximately two million net shares during the year ended December 31, 2025.
[3] The Accumulated Other Comprehensive Loss balance primarily reflects foreign currency translation adjustments.
[4] We declared dividends of $1.97 and $1.79 per share during the three months ended September 30, 2026 and 2025, respectively, and $5.91 and $5.37 per share during the nine months ended September 30, 2026 and 2025, respectively.
[5] Includes net stock compensation expense as reported as a separate component in our condensed consolidated statements of cash flows, and net stock compensation expense included in “Restructuring charge” as reported in our condensed consolidated statements of cash flows.