v3.26.3
Statement of Changes in Consolidated Equity (unaudited) - USD ($)
$ in Millions
Total
Preferred Class A
Preferred stock
Common stock
Additional capital
Retained earnings
Retained earnings
Preferred Class A
Accumulated other comprehensive loss
Balance at beginning of period at Dec. 31, 2024 $ 4,554   $ 55 $ 405 $ 3,206 $ 2,766   $ (1,878)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 1,136         1,136    
Other comprehensive income (loss) 124             124
Cash dividends declared:                
Preferred   $ (2)         $ (2)  
Common (178)         (178)    
Repurchase and retirement of common stock (504)     (3) (501)      
Stock-based compensation 59       59      
Common stock issued: compensation plans (46)     1 (47)      
Balance at end of period at Sep. 30, 2025 5,143   55 403 2,717 3,722   (1,754)
Balance at beginning of period at Jun. 30, 2025 5,042   55 404 2,898 3,434   (1,749)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 385         385    
Other comprehensive income (loss) (5)             (5)
Cash dividends declared:                
Preferred   $ (1)       (1)    
Common (96)         (96)    
Repurchase and retirement of common stock (202)     (1) (201)      
Stock-based compensation 20       20      
Balance at end of period at Sep. 30, 2025 5,143   55 403 2,717 3,722   (1,754)
Balance at beginning of period at Dec. 31, 2025 5,353   0 402 2,531 4,093   (1,673)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 1,681         1,681    
Other comprehensive income (loss) (22)             (22)
Cash dividends declared:                
Common (153)         (153)    
Repurchase and retirement of common stock (1,109)     (4) (1,105)      
Stock-based compensation 80       80      
Common stock issued: compensation plans (68)       (68)      
Balance at end of period at Sep. 30, 2026 5,762   0 398 1,438 5,621   (1,695)
Balance at beginning of period at Jun. 30, 2026 5,732   0 400 1,919 5,110   (1,697)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 567         567    
Other comprehensive income (loss) 2             2
Cash dividends declared:                
Common (56)         (56)    
Repurchase and retirement of common stock (504)     (2) (502)      
Stock-based compensation 23       23      
Common stock issued: compensation plans (2)       (2)      
Balance at end of period at Sep. 30, 2026 $ 5,762   $ 0 $ 398 $ 1,438 $ 5,621   $ (1,695)