| Statements of Changes in Stockholders' Equity |
The following tables present certain information regarding our stockholders’ equity for the nine months ended September 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2026 | | Common Stock | | Additional Paid in Capital | | Retained Earnings | | Treasury Stock | | Accumulated Other Comprehensive Loss | | | | Total | | January 1, 2026 | $ | 1 | | | $ | 1,276 | | | $ | 1,292 | | | $ | (2,101) | | | $ | (223) | | | | | $ | 245 | | | Settlement of liability awards | — | | | 55 | | | — | | | — | | | — | | | | | 55 | | | Vesting of RSUs, net of tax withholdings and other | — | | | (33) | | | — | | | — | | | — | | | | | (33) | | | Reclassification of treasury stock upon retirement | — | | | (1,108) | | | (993) | | | 2,101 | | | — | | | | | — | | | Purchase of common stock | — | | | (22) | | | — | | | — | | | — | | | | | (22) | | | | | | | | | | | | | | | | | Stock-based compensation | — | | | 17 | | | — | | | — | | | — | | | | | 17 | | | Net income | — | | | — | | | 52 | | | — | | | — | | | | | 52 | | | Other comprehensive loss | — | | | — | | | — | | | — | | | (3) | | | | | (3) | | | March 31, 2026 | $ | 1 | | | $ | 185 | | | $ | 351 | | | $ | — | | | $ | (226) | | | | | $ | 311 | | | | | | | | | | | | | | | | | Purchase of common stock | — | | | (16) | | | (118) | | | — | | | — | | | | | (134) | | | | | | | | | | | | | | | | | Stock-based compensation | — | | | 17 | | | — | | | — | | | — | | | | | 17 | | | Net income | — | | | — | | | 120 | | | — | | | — | | | | | 120 | | | Other comprehensive loss | — | | | — | | | — | | | — | | | (12) | | | | | (12) | | | June 30, 2026 | $ | 1 | | | $ | 186 | | | $ | 353 | | | $ | — | | | $ | (238) | | | | | $ | 302 | | | Settlement of liability awards | — | | | 3 | | | — | | | — | | | — | | | | | 3 | | | Vesting of RSUs, net of tax withholdings and other | — | | | (2) | | | — | | | — | | | — | | | | | (2) | | | | | | | | | | | | | | | | | Purchase of common stock held in trust for stock-based compensation plans | — | | | — | | | — | | | (30) | | | — | | | | | (30) | | | Stock-based compensation | — | | | 17 | | | — | | | — | | | — | | | | | 17 | | | Net income | — | | | — | | | 133 | | | — | | | — | | | | | 133 | | | | | | | | | | | | | | | | | September 30, 2026 | $ | 1 | | | $ | 204 | | | $ | 486 | | | $ | (30) | | | $ | (238) | | | | | $ | 423 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2025 | | Common Stock | | Additional Paid in Capital | | Retained Earnings | | Treasury Stock | | Accumulated Other Comprehensive Loss | | | | Total | | January 1, 2025 | $ | 1 | | | $ | 1,200 | | | $ | 1,016 | | | $ | (1,216) | | | $ | (365) | | | | | $ | 636 | | | Settlement of liability awards | — | | | 44 | | | — | | | — | | | — | | | | | 44 | | | Vesting of RSUs, net of tax withholdings and other | — | | | (36) | | | — | | | — | | | — | | | | | (36) | | Purchase of treasury stock(1) | — | | | — | | | — | | | (167) | | | — | | | | | (167) | | | | | | | | | | | | | | | | | Stock-based compensation | — | | | 18 | | | — | | | — | | | — | | | | | 18 | | | Net income | — | | | — | | | 82 | | | — | | | — | | | | | 82 | | | Other comprehensive income | — | | | — | | | — | | | — | | | 43 | | | | | 43 | | | | | | | | | | | | | | | | | March 31, 2025 | $ | 1 | | | $ | 1,226 | | | $ | 1,098 | | | $ | (1,383) | | | $ | (322) | | | | | $ | 620 | | | Vesting of RSUs, net of tax withholdings and other | — | | | 2 | | | — | | | — | | | — | | | | | 2 | | Purchase of treasury stock(1) | — | | | — | | | — | | | (101) | | | — | | | | | (101) | | | | | | | | | | | | | | | | | Stock-based compensation | — | | | 14 | | | — | | | — | | | — | | | | | 14 | | | Net income | — | | | — | | | 95 | | | — | | | — | | | | | 95 | | | Other comprehensive income | — | | | — | | | — | | | — | | | 72 | | | | | 72 | | | June 30, 2025 | $ | 1 | | | $ | 1,242 | | | $ | 1,193 | | | $ | (1,484) | | | $ | (250) | | | | | $ | 702 | | | Vesting of RSUs, net of tax withholdings and other | — | | | (4) | | | — | | | — | | | — | | | | | (4) | | Purchase of treasury stock(1) | — | | | — | | | — | | | (112) | | | — | | | | | (112) | | | Stock-based compensation | — | | | 17 | | | — | | | — | | | — | | | | | 17 | | | Net income | — | | | — | | | 114 | | | — | | | — | | | | | 114 | | | Other comprehensive income | — | | | — | | | — | | | — | | | 6 | | | | | 6 | | | September 30, 2025 | $ | 1 | | | $ | 1,255 | | | $ | 1,307 | | | $ | (1,596) | | | $ | (244) | | | | | $ | 723 | | | | | | | | | | | | | | | | (1) Includes excise taxes of $1 million and $3 million for the three and nine months ended September 30, 2025, respectively. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| RSUs Outstanding Under Equity-based Compensation Plans |
A summary of the changes in RSUs outstanding under our equity-based compensation plans during the nine months ended September 30, 2026 is presented below: | | | | | | | | | | | | | Number of Restricted Stock Units | | Weighted Average Grant Date Fair Value | Unvested RSUs as of December 31, 2025 | 1.7 | | | $ | 90.80 | | | Granted | 1.5 | | | $ | 89.91 | | | Vested | (1.4) | | | $ | 85.44 | | | Cancelled and forfeited | (0.2) | | | $ | 78.53 | | Unvested RSUs as of September 30, 2026 | 1.6 | | | $ | 96.16 | | | | | | | |
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