v3.26.3
Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Preferred Stock
Additional Paid-in Capital
Retained Earnings
Parent Company Net Investment
Accumulated Other Comp (Loss) Income
Non-controlling Interests
Beginning balance at Dec. 31, 2024 $ 10,896 $ 0 $ 0 $ 0 $ 0 $ 11,058 $ (414) $ 252
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 620         592   28
Other comprehensive income (loss) 195           190 5
Distributions to noncontrolling interests (21)             (21)
Net transfers to Parent (2,303)         (2,303)    
Ending balance at Sep. 30, 2025 9,387 0 0 0 0 9,347 (224) 264
Beginning balance at Jun. 30, 2025 11,198 0 0 0 0 11,121 (191) 268
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 223         211   12
Other comprehensive income (loss) (36)           (33) (3)
Distributions to noncontrolling interests (13)             (13)
Net transfers to Parent (1,985)         (1,985)    
Ending balance at Sep. 30, 2025 9,387 0 0 0 0 9,347 (224) 264
Beginning balance at Dec. 31, 2025 7,366 2 2 7,286 18 0 (213) 271
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 494       458     36
Other comprehensive income (loss) 84           83 1
Distributions to noncontrolling interests (10)             (10)
Dividends (34)       (34)      
Stock-based compensation 29     29        
Common stock repurchased (75)     (75)        
Separation-related adjustments 34     34        
Other 1     1        
Ending balance at Sep. 30, 2026 7,889 2 2 7,275 442 0 (130) 298
Beginning balance at Jun. 30, 2026 7,546 2 2 7,266 260 0 (269) 285
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 196       183     13
Other comprehensive income (loss) 143           139 4
Distributions to noncontrolling interests (4)             (4)
Stock-based compensation 11     11        
Common stock repurchased (25)     (25)        
Separation-related adjustments 22     22        
Other 0     1 (1)      
Ending balance at Sep. 30, 2026 $ 7,889 $ 2 $ 2 $ 7,275 $ 442 $ 0 $ (130) $ 298