v3.26.3
Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Accum. Other Comprehensive Loss
Retained Income
Beginning balance at Dec. 31, 2024 $ 14,306 $ 228 $ 2,247 $ (262) $ 12,093
Comprehensive income:          
Net income 750       750
Other comprehensive income (loss) 1     1  
Total comprehensive income 751        
Dividends on common stock (306)       (306)
Share repurchases (250) (1) (9)   (240)
Stock-based compensation 10   11   (1)
Ending balance at Mar. 31, 2025 14,511 227 2,249 (261) 12,296
Beginning balance at Dec. 31, 2024 14,306 228 2,247 (262) 12,093
Comprehensive income:          
Net income 2,229        
Other comprehensive income (loss) 0        
Total comprehensive income 2,229        
Share repurchases (533)        
Ending balance at Sep. 30, 2025 15,141 226 2,283 (262) 12,894
Beginning balance at Mar. 31, 2025 14,511 227 2,249 (261) 12,296
Comprehensive income:          
Net income 768       768
Other comprehensive income (loss) 0     0  
Total comprehensive income 768        
Dividends on common stock (303)       (303)
Share repurchases (205) (1) (8)   (196)
Stock-based compensation 16   18   (2)
Ending balance at Jun. 30, 2025 14,787 226 2,259 (261) 12,563
Comprehensive income:          
Net income 711       711
Other comprehensive income (loss) (1)     (1)  
Total comprehensive income 710        
Dividends on common stock (303)       (303)
Share repurchases (78)   (3)   (75)
Stock-based compensation 25   27   (2)
Ending balance at Sep. 30, 2025 15,141 226 2,283 (262) 12,894
Beginning balance at Dec. 31, 2025 15,547 226 2,296 (210) 13,235
Comprehensive income:          
Net income 547       547
Other comprehensive income (loss) (1)     (1)  
Total comprehensive income 546        
Dividends on common stock (303)       (303)
Stock-based compensation 14   16   (2)
Ending balance at Mar. 31, 2026 15,804 226 2,312 (211) 13,477
Beginning balance at Dec. 31, 2025 15,547 226 2,296 (210) 13,235
Comprehensive income:          
Net income 2,040        
Other comprehensive income (loss) (3)        
Total comprehensive income 2,037        
Ending balance at Sep. 30, 2026 16,730 226 2,356 (213) 14,361
Beginning balance at Mar. 31, 2026 15,804 226 2,312 (211) 13,477
Comprehensive income:          
Net income 734       734
Other comprehensive income (loss) (1)     (1)  
Total comprehensive income 733        
Dividends on common stock (303)       (303)
Stock-based compensation 19   20   (1)
Ending balance at Jun. 30, 2026 16,253 226 2,332 (212) 13,907
Comprehensive income:          
Net income 759       759
Other comprehensive income (loss) (1)     (1)  
Total comprehensive income 758        
Dividends on common stock (304)       (304)
Stock-based compensation 23   24   (1)
Ending balance at Sep. 30, 2026 $ 16,730 $ 226 $ 2,356 $ (213) $ 14,361