v3.26.3
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Paid-in-Capital
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2024   200,400,000        
Beginning balance at Dec. 31, 2024 $ 10,332 $ 2 $ 8,598 $ 2,112 $ 12 $ (392)
Beginning balance (in shares) at Dec. 31, 2024           (5,500,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income attributable to common shareholders 205     205    
Common stock issuances (in shares) [1]   100,000        
Common stock issuances [1] 7   13     $ (6)
Net other comprehensive income (loss) (10)       (10)  
Ending balance (in shares) at Mar. 31, 2025   200,500,000        
Ending balance at Mar. 31, 2025 10,534 $ 2 8,611 2,317 2 $ (398)
Ending balance (in shares) at Mar. 31, 2025           (5,500,000)
Beginning balance (in shares) at Dec. 31, 2024   200,400,000        
Beginning balance at Dec. 31, 2024 10,332 $ 2 8,598 2,112 12 $ (392)
Beginning balance (in shares) at Dec. 31, 2024           (5,500,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income attributable to common shareholders 873          
Net other comprehensive income (loss) (8)          
Ending balance (in shares) at Sep. 30, 2025   200,600,000        
Ending balance at Sep. 30, 2025 10,907 $ 2 8,630 2,662 4 $ (391)
Ending balance (in shares) at Sep. 30, 2025           (5,500,000)
Beginning balance (in shares) at Mar. 31, 2025   200,500,000        
Beginning balance at Mar. 31, 2025 10,534 $ 2 8,611 2,317 2 $ (398)
Beginning balance (in shares) at Mar. 31, 2025           (5,500,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income attributable to common shareholders 289     289    
Common stock issuances [1] 10   10      
Acquisitions via treasury stock 7         $ 7
Net other comprehensive income (loss) 3       3  
Dividends (declared per common share) (161)     (161)    
Ending balance (in shares) at Jun. 30, 2025   200,500,000        
Ending balance at Jun. 30, 2025 10,682 $ 2 8,621 2,445 5 $ (391)
Ending balance (in shares) at Jun. 30, 2025           (5,500,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income attributable to common shareholders 379     379    
Common stock issuances (in shares) [1]   100,000        
Common stock issuances [1] 9   9      
Net other comprehensive income (loss) (1)       (1)  
Dividends (declared per common share) (162)     (162)    
Ending balance (in shares) at Sep. 30, 2025   200,600,000        
Ending balance at Sep. 30, 2025 $ 10,907 $ 2 8,630 2,662 4 $ (391)
Ending balance (in shares) at Sep. 30, 2025           (5,500,000)
Beginning balance (in shares) at Dec. 31, 2025 200,605,170 200,600,000        
Beginning balance at Dec. 31, 2025 $ 10,837 $ 2 8,642 2,575 6 $ (388)
Beginning balance (in shares) at Dec. 31, 2025 (5,428,008)         (5,400,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income attributable to common shareholders $ 196     196    
Common stock issuances (in shares) [2]   200,000       (100,000)
Common stock issuances [2] 2   10     $ (8)
Net other comprehensive income (loss) 2       2  
Ending balance (in shares) at Mar. 31, 2026   200,800,000        
Ending balance at Mar. 31, 2026 $ 11,037 $ 2 8,652 2,771 8 $ (396)
Ending balance (in shares) at Mar. 31, 2026           (5,500,000)
Beginning balance (in shares) at Dec. 31, 2025 200,605,170 200,600,000        
Beginning balance at Dec. 31, 2025 $ 10,837 $ 2 8,642 2,575 6 $ (388)
Beginning balance (in shares) at Dec. 31, 2025 (5,428,008)         (5,400,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income attributable to common shareholders $ 898          
Net other comprehensive income (loss) $ 6          
Ending balance (in shares) at Sep. 30, 2026 204,242,057 204,200,000        
Ending balance at Sep. 30, 2026 $ 11,931 $ 2 9,148 3,118 12 $ (349)
Ending balance (in shares) at Sep. 30, 2026 (5,137,493)         (5,100,000)
Beginning balance (in shares) at Mar. 31, 2026   200,800,000        
Beginning balance at Mar. 31, 2026 $ 11,037 $ 2 8,652 2,771 8 $ (396)
Beginning balance (in shares) at Mar. 31, 2026           (5,500,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income attributable to common shareholders 315     315    
Common stock issuances (in shares) [2]   3,400,000        
Common stock issuances [2] 488   488      
Dividends (declared per common share) (175)     (175)    
Ending balance (in shares) at Jun. 30, 2026   204,200,000        
Ending balance at Jun. 30, 2026 11,665 $ 2 9,140 2,911 8 $ (396)
Ending balance (in shares) at Jun. 30, 2026           (5,500,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income attributable to common shareholders 387     387    
Common stock issuances 9 [2]   9 [1]      
Acquisitions via treasury stock (in shares)           400,000
Acquisitions via treasury stock 46   (1)     $ 47
Net other comprehensive income (loss) 4       4  
Dividends (declared per common share) $ (180)     (180)    
Ending balance (in shares) at Sep. 30, 2026 204,242,057 204,200,000        
Ending balance at Sep. 30, 2026 $ 11,931 $ 2 $ 9,148 $ 3,118 $ 12 $ (349)
Ending balance (in shares) at Sep. 30, 2026 (5,137,493)         (5,100,000)
[1] Includes stock-based compensation, employee stock purchase plan and dividend reinvestment and direct stock purchase plan activity.
[2] Includes stock-based compensation, employee stock purchase plan and dividend reinvestment and direct stock purchase plan activity.