v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDER'S EQUITY - USD ($)
$ in Millions
Total
Common Stock
Preferred Stock
Common Stock and Paid-in Capital
Accumulated Other Comprehensive Loss, Net of Tax
(Accumulated Deficit) / Retained Earnings
Beginning balance (in shares) at Dec. 31, 2024   530,000,000        
Beginning Balance at Dec. 31, 2024 $ 15,676.0   $ 0.0 $ 17,336.0 $ (718.0) $ (942.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive (loss) / income 1,441.0       121.0 1,320.0
Dividends paid on preferred stock (44.0)         (44.0)
Stock compensation (22.0)     (22.0)    
Dividends paid on preferred stock (89.0)         (89.0)
Ending balance (in shares) at Sep. 30, 2025   530,000,000        
Ending Balance at Sep. 30, 2025 16,962.0   0.0 17,314.0 (597.0) 245.0
Preferred stock mezzanine, beginning balance at Dec. 31, 2024 2,000.0          
Preferred stock mezzanine, ending balance at Sep. 30, 2025 2,000.0          
Beginning balance (in shares) at Jun. 30, 2025   530,000,000        
Beginning Balance at Jun. 30, 2025 16,488.0   0.0 17,314.0 (659.0) (167.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive (loss) / income 518.0       62.0 456.0
Dividends paid on preferred stock (44.0)         (44.0)
Ending balance (in shares) at Sep. 30, 2025   530,000,000        
Ending Balance at Sep. 30, 2025 16,962.0   0.0 17,314.0 (597.0) 245.0
Preferred stock mezzanine, beginning balance at Jun. 30, 2025 2,000.0          
Preferred stock mezzanine, ending balance at Sep. 30, 2025 $ 2,000.0          
Beginning balance (in shares) at Dec. 31, 2025 530,391,043 530,000,000        
Beginning Balance at Dec. 31, 2025 $ 15,945.0   0.0 17,307.0 (533.0) (829.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive (loss) / income 812.0       (432.0) 1,244.0
Contribution from parent (Note 1) 12,510.0     12,510.0    
Dividends paid on preferred stock (135.0)         (135.0)
Dividends paid on common stock (250.0)         (250.0)
Preferred stock issuance (Note 10) 252.0   252.0      
Stock compensation $ (45.0)     (45.0)    
Ending balance (in shares) at Sep. 30, 2026 530,391,043 530,000,000        
Ending Balance at Sep. 30, 2026 $ 29,089.0   252.0 29,772.0 (965.0) 30.0
Preferred stock mezzanine, beginning balance at Dec. 31, 2025 2,000.0          
Preferred Stock Mezzanine            
Preferred stock activities (Note 11) 500.0          
Preferred stock mezzanine, ending balance at Sep. 30, 2026 2,500.0          
Beginning balance (in shares) at Jun. 30, 2026   530,000,000        
Beginning Balance at Jun. 30, 2026 16,500.0   0.0 17,277.0 (608.0) (169.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive (loss) / income (112.0)       (357.0) 245.0
Contribution from parent (Note 1) 12,510.0     12,510.0    
Dividends paid on preferred stock (46.0)         (46.0)
Preferred stock issuance (Note 10) 252.0   252.0      
Stock compensation $ (15.0)     (15.0)    
Ending balance (in shares) at Sep. 30, 2026 530,391,043 530,000,000        
Ending Balance at Sep. 30, 2026 $ 29,089.0   $ 252.0 $ 29,772.0 $ (965.0) $ 30.0
Preferred stock mezzanine, beginning balance at Jun. 30, 2026 2,000.0          
Preferred Stock Mezzanine            
Preferred stock activities (Note 11) 500.0          
Preferred stock mezzanine, ending balance at Sep. 30, 2026 $ 2,500.0