v3.26.3
EARNINGS PER COMMON SHARE - Schedule of Net Income (Loss) per Common Share (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
EARNINGS PER COMMON SHARE:        
Net income (loss) $ 233 $ 255 $ 1,445 $ 1,145
Less: dividends declared - common shares and unvested common shares (75) (84) (233) (253)
Undistributed earnings, basic 157 172 1,212 892
Undistributed earnings, diluted $ 157 $ 172 $ 1,212 $ 892
Percentage allocated to common shareholders 98.70% 98.80% 98.70% 98.80%
Net income (loss) available to common stockholders, basic before dividends, common stock $ 155 $ 169 $ 1,196 $ 882
Net income (loss) available to common stockholders, diluted before dividends, common stock 155 169 1,196 882
Add: dividends declared - common shareholders 74 83 230 250
Numerator for basic earnings per common share 230 252 1,427 1,132
Numerator for diluted earnings per common share $ 230 $ 252 $ 1,427 $ 1,132
Denominator        
Denominator for basic earnings per weighted-average common shares (in shares) 37,600,000 41,400,000 38,700,000 41,800,000
Effect of dilutive securities:        
Employee Stock Purchase Plan offering (in shares) 1,918 0 1,511 0
Denominator for diluted earnings per adjusted weighted-average common shares (in shares) 37,600,000 41,400,000 38,700,000 41,800,000
Per common share net income (loss)        
Basic (in dollars per share) $ 6.12 $ 6.09 $ 36.85 $ 27.06
Diluted (in dollars per share) $ 6.12 $ 6.09 $ 36.85 $ 27.06
Basic weighted-average common shares outstanding (in shares) 37,600,000 41,400,000 38,700,000 41,800,000
Basic weighted-average common shares outstanding and unvested common shares expected to vest (in shares) 38,100,000 41,900,000 39,200,000 42,300,000