v3.26.3
UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2024   0        
Beginning balance at Dec. 31, 2024 $ 3,051 $ 0 $ 1 $ 2,073 $ 999 $ (22)
Beginning, balance (in shares) at Dec. 31, 2024     49,100,000      
Increase (Decrease) in Stockholders' Equity            
Net income 464       464  
Other comprehensive (loss) income 6         6
Stock-based compensation 41     41    
Repurchases of common stock (in shares)     (3,800,000)      
Repurchases of common stock (190)     (190)    
Repurchases of Convertible Notes (4)     (4)    
Common stock dividends and dividend equivalent rights [1] (31)       (31)  
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)     700,000      
Issuance of shares to employees, net of shares withheld for employee taxes (20)     (20)    
Ending balance (in shares) at Sep. 30, 2025   0        
Ending balance at Sep. 30, 2025 3,317 $ 0 $ 1 1,900 1,432 (16)
Ending, balance (in shares) at Sep. 30, 2025     46,000,000.0      
Beginning balance (in shares) at Dec. 31, 2024   0        
Beginning balance at Dec. 31, 2024 $ 3,051 $ 0 $ 1 2,073 999 (22)
Beginning, balance (in shares) at Dec. 31, 2024     49,100,000      
Increase (Decrease) in Stockholders' Equity            
Repurchases of common stock (in shares)          
Ending balance (in shares) at Dec. 31, 2025 75,000.0 75,000.0        
Ending balance at Dec. 31, 2025 $ 3,327 $ 0 $ 0 1,868 1,475 (16)
Ending, balance (in shares) at Dec. 31, 2025 44,100,000   44,100,000      
Beginning balance (in shares) at Jun. 30, 2025   0        
Beginning balance at Jun. 30, 2025 $ 3,166 $ 0 $ 1 1,929 1,255 (19)
Beginning, balance (in shares) at Jun. 30, 2025     46,600,000      
Increase (Decrease) in Stockholders' Equity            
Net income 188       188  
Other comprehensive (loss) income 3         3
Stock-based compensation 13     13    
Repurchases of common stock (in shares)     (600,000)      
Repurchases of common stock (40)     (40)    
Repurchases of Convertible Notes (2)     (2)    
Common stock dividends and dividend equivalent rights [2] (11)       (11)  
Ending balance (in shares) at Sep. 30, 2025   0        
Ending balance at Sep. 30, 2025 $ 3,317 $ 0 $ 1 1,900 1,432 (16)
Ending, balance (in shares) at Sep. 30, 2025     46,000,000.0      
Beginning balance (in shares) at Dec. 31, 2025 75,000.0 75,000.0        
Beginning balance at Dec. 31, 2025 $ 3,327 $ 0 $ 0 1,868 1,475 (16)
Beginning, balance (in shares) at Dec. 31, 2025 44,100,000   44,100,000      
Increase (Decrease) in Stockholders' Equity            
Net income $ 483       483  
Other comprehensive (loss) income (9)         (9)
Stock-based compensation 45     45    
Issuance of preferred stock (in shares)   135,000.0        
Issuance of preferred stock 130     130    
Repurchases of common stock (in shares)     (5,500,000)      
Repurchases of common stock (472)     (472)    
Termination of Capped Call transactions (in shares)     (1,500,000)      
Termination of Capped Call transactions (1)     (1)    
Preferred stock dividends [1] (10)       (10)  
Common stock dividends and dividend equivalent rights [1] (29)       (29)  
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)     900,000      
Issuance of shares to employees, net of shares withheld for employee taxes $ (27)     (27)    
Ending balance (in shares) at Sep. 30, 2026 210,000.0 210,000.0        
Ending balance at Sep. 30, 2026 $ 3,437 $ 0 $ 0 1,543 1,919 (25)
Ending, balance (in shares) at Sep. 30, 2026 38,000,000.0   38,000,000.0      
Beginning balance (in shares) at Jun. 30, 2026   210,000.0        
Beginning balance at Jun. 30, 2026 $ 3,365 $ 0 $ 0 1,603 1,779 (17)
Beginning, balance (in shares) at Jun. 30, 2026     38,700,000      
Increase (Decrease) in Stockholders' Equity            
Net income 156       156  
Other comprehensive (loss) income (8)         (8)
Stock-based compensation $ 16     16    
Repurchases of common stock (in shares) (700,000)   (800,000)      
Repurchases of common stock $ (76)     (76)    
Preferred stock dividends [2] (6)       (6)  
Common stock dividends and dividend equivalent rights [2] $ (10)       (10)  
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)     100,000      
Ending balance (in shares) at Sep. 30, 2026 210,000.0 210,000.0        
Ending balance at Sep. 30, 2026 $ 3,437 $ 0 $ 0 $ 1,543 $ 1,919 $ (25)
Ending, balance (in shares) at Sep. 30, 2026 38,000,000.0   38,000,000.0      
[1] For information regarding dividends declared during the periods presented, refer to Note 10, “Preferred Stock and Common Stock - Dividends” to our unaudited Consolidated Financial Statements.
[2] For information regarding dividends declared during the periods presented, refer to Note 10, “Preferred Stock and Common Stock - Dividends” to our unaudited Consolidated Financial Statements.