v3.26.3
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Total
Common Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Deferred Equity Compensation
Non-redeemable Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2024     50,505,320        
Beginning balance at Dec. 31, 2024 $ 5,553 $ 5,495 $ 1 $ 5,878 $ (385) $ 1 $ 58
Increase (Decrease) in Shareholders' Equity              
Net income 405 384   384     21
Dividends (53) (53)   (53)      
Common share repurchases (in shares)     (4,295,854)        
Common shares repurchases (372) (372) $ (1) (371)      
Share-based compensation (in shares)     499,098        
Share-based compensation (2) (2)   (2)      
Other comprehensive income (loss) 206 206     206    
Ending balance (in shares) at Sep. 30, 2025     46,708,564        
Ending balance at Sep. 30, 2025 5,737 5,658 $ 0 5,836 (179) 1 79
Beginning balance (in shares) at Jun. 30, 2025     48,109,439        
Beginning balance at Jun. 30, 2025 5,729 5,633 $ 0 5,859 (227) 1 96
Increase (Decrease) in Shareholders' Equity              
Net income 114 105   105     9
Dividends (16) (16)   (16)      
Common share repurchases (in shares)     (1,423,121)        
Common shares repurchases (120) (120)   (120)      
Share-based compensation (in shares)     22,246        
Share-based compensation 8 8   8      
Deconsolidation (26)           (26)
Other comprehensive income (loss) 48 48     48    
Ending balance (in shares) at Sep. 30, 2025     46,708,564        
Ending balance at Sep. 30, 2025 5,737 5,658 $ 0 5,836 (179) 1 79
Beginning balance (in shares) at Dec. 31, 2025     45,184,791        
Beginning balance at Dec. 31, 2025 5,789 5,663 $ 0 5,830 (168) 1 126
Increase (Decrease) in Shareholders' Equity              
Net income 205 205   205     0
Dividends (52) (52)   (52)      
Common share repurchases (in shares)     (1,558,878)        
Common shares repurchases (130) (130)   (130)      
Share-based compensation (in shares)     330,898        
Share-based compensation 15 15   15      
Distributions (97)           (97)
Deconsolidation (4)           (4)
Other comprehensive income (loss) (298) (298)     (298)    
Ending balance (in shares) at Sep. 30, 2026     43,956,811        
Ending balance at Sep. 30, 2026 5,428 5,403 $ 0 5,868 (466) 1 25
Beginning balance (in shares) at Jun. 30, 2026     44,055,227        
Beginning balance at Jun. 30, 2026 5,582 5,559 $ 0 5,809 (251) 1 23
Increase (Decrease) in Shareholders' Equity              
Net income 80 78   78     2
Dividends (17) (17)   (17)      
Common share repurchases (in shares)     (123,333)        
Common shares repurchases (10) (10)   (10)      
Share-based compensation (in shares)     24,917        
Share-based compensation 8 8   8      
Other comprehensive income (loss) (215) (215)     (215)    
Ending balance (in shares) at Sep. 30, 2026     43,956,811        
Ending balance at Sep. 30, 2026 $ 5,428 $ 5,403 $ 0 $ 5,868 $ (466) $ 1 $ 25