Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Stockholders' Equity

v3.25.2
Consolidated Statements of Stockholders' Equity - USD ($)
shares in Thousands, $ in Millions
Total
2025 Q1 Dividends
2025 Q2 Dividends - April
2025 Q2 Dividends - June
2024 Q1 Dividends
2024 Q2 Dividends - April
2024 Q2 Dividends - June
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings
Non-controlling Interests
Redeemable Noncontrolling Interest
Common Stock, Shares, Outstanding, Beginning of Period at Dec. 31, 2023               237,000          
Treasury Stock, Shares, Beginning of Period at Dec. 31, 2023                 40,900        
Stockholders' Equity, Beginning of Period at Dec. 31, 2023 $ 9,020             $ 1 $ (3,864) $ 4,377 $ 4,546 $ 3,960  
Redeemable non-controlling interest at Dec. 31, 2023 [1]                         $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net Income (Loss), Including Portion Attributable to Non Redeemable Noncontrolling Interest 839             0 0 0 502 337  
Dividends declared (103)             $ 0 $ 0 0 (103) 0  
Shares repurchased, at cost, shares               (7,500) 7,500        
Shares repurchased, at cost (1,203)             $ 0 $ (1,203) 0 0 0  
Distributions to non-controlling interests (253)             $ 0 $ 0 0 0 (253)  
Contributions from redeemable non-controlling interest [1]                         4
Vesting of share-based compensation awards, shares               600 0        
Vesting of share-based compensation awards 0             $ 0 $ 0 0 0 0  
Share-based compensation 34             $ 0 $ 0 34 0 0  
Shares withheld from employees related to share-based compensation, at cost, shares, common stock               0          
Issued shares withheld from employees related to share-based compensation, at cost, shares, treasury shares                 0        
Issued shares withheld from employees related to share-based compensation, at cost (40)             $ 0 $ 0 (40) 0 0  
Common Stock, Shares, Outstanding, End of Period at Mar. 31, 2024               230,100          
Treasury Stock, Shares, End of Period at Mar. 31, 2024                 48,400        
Stockholders' Equity, End of Period at Mar. 31, 2024 8,294             $ 1 $ (5,067) 4,371 4,945 4,044  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Mar. 31, 2024 [1]                         4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Common Stock, Dividends, Per Share, Declared         $ 0.435                
Common Stock, Shares, Outstanding, Beginning of Period at Dec. 31, 2023               237,000          
Treasury Stock, Shares, Beginning of Period at Dec. 31, 2023                 40,900        
Stockholders' Equity, Beginning of Period at Dec. 31, 2023 $ 9,020             $ 1 $ (3,864) 4,377 4,546 3,960  
Redeemable non-controlling interest at Dec. 31, 2023 [1]                         0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Shares repurchased, at cost, shares 10,660                        
Accretion of redeemable non-controlling interest, net of tax $ 0                        
Contributions from redeemable non-controlling interest 0                        
Common Stock, Shares, Outstanding, End of Period at Jun. 30, 2024               227,000          
Treasury Stock, Shares, End of Period at Jun. 30, 2024                 51,500        
Stockholders' Equity, End of Period at Jun. 30, 2024 8,592             $ 1 $ (5,568) 4,406 5,625 4,128  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Jun. 30, 2024 [1]                         6
Common Stock, Shares, Outstanding, Beginning of Period at Mar. 31, 2024               230,100          
Treasury Stock, Shares, Beginning of Period at Mar. 31, 2024                 48,400        
Stockholders' Equity, Beginning of Period at Mar. 31, 2024 8,294             $ 1 $ (5,067) 4,371 4,945 4,044  
Redeemable non-controlling interest at Mar. 31, 2024 [1]                         4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net Income (Loss), Including Portion Attributable to Non Redeemable Noncontrolling Interest 1,162             0 0 0 880 282  
Dividends declared $ (200)             $ 0 $ 0 0 (200) 0  
Shares repurchased, at cost, shares 3,140             (3,100) 3,100        
Shares repurchased, at cost $ (501)             $ 0 $ (501) 0 0 0  
Accretion of redeemable non-controlling interest, net of tax 0                        
Distributions to non-controlling interests (198)             0 0 0 0 (198)  
Contributions from redeemable non-controlling interest [1]                         2
Share-based compensation 36             $ 0 $ 0 36 0 0  
Shares withheld from employees related to share-based compensation, at cost, shares, common stock               0          
Issued shares withheld from employees related to share-based compensation, at cost, shares, treasury shares                 0        
Issued shares withheld from employees related to share-based compensation, at cost (1)             $ 0 $ 0 (1) 0 0  
Common Stock, Shares, Outstanding, End of Period at Jun. 30, 2024               227,000          
Treasury Stock, Shares, End of Period at Jun. 30, 2024                 51,500        
Stockholders' Equity, End of Period at Jun. 30, 2024 $ 8,592             $ 1 $ (5,568) 4,406 5,625 4,128  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Jun. 30, 2024 [1]                         6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Common Stock, Dividends, Per Share, Declared           $ 0.435 $ 0.435            
Common Stock, Shares, Outstanding, Beginning of Period at Dec. 31, 2024               224,000          
Treasury Stock, Shares, Beginning of Period at Dec. 31, 2024 54,700               54,700        
Stockholders' Equity, Beginning of Period at Dec. 31, 2024 $ 10,053             $ 1 $ (6,136) 4,452 7,382 4,354  
Redeemable non-controlling interest at Dec. 31, 2024 7                       7 [1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net Income (Loss), Including Portion Attributable to Non Redeemable Noncontrolling Interest 670             0 0 0 353 317  
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest [1]                         (2)
Dividends declared (113)             $ 0 $ 0 0 (113) 0  
Shares repurchased, at cost, shares               (1,600) 1,600        
Shares repurchased, at cost (352)             $ 0 $ (352) 0 0 0  
Accretion of redeemable non-controlling interest, net of tax [2] (2)             0 0 0 (2) 0 2 [1]
Distributions to non-controlling interests (200)             $ 0 $ 0 0 0 (200)  
Contributions from redeemable non-controlling interest [1]                         38
Vesting of share-based compensation awards, shares               400 0        
Vesting of share-based compensation awards 0             $ 0 $ 0 0 0 0  
Share-based compensation 40             $ 0 $ 0 40 0 0  
Shares withheld from employees related to share-based compensation, at cost, shares, common stock               0          
Issued shares withheld from employees related to share-based compensation, at cost, shares, treasury shares                 0        
Issued shares withheld from employees related to share-based compensation, at cost (44)             $ 0 $ 0 (44) 0 0  
Common Stock, Shares, Outstanding, End of Period at Mar. 31, 2025               222,800          
Treasury Stock, Shares, End of Period at Mar. 31, 2025                 56,300        
Stockholders' Equity, End of Period at Mar. 31, 2025 $ 10,052             $ 1 $ (6,488) 4,448 7,620 4,471  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Mar. 31, 2025 [1]                         45
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Common Stock, Dividends, Per Share, Declared   $ 0.500                      
Common Stock, Shares, Outstanding, Beginning of Period at Dec. 31, 2024               224,000          
Treasury Stock, Shares, Beginning of Period at Dec. 31, 2024 54,700               54,700        
Stockholders' Equity, Beginning of Period at Dec. 31, 2024 $ 10,053             $ 1 $ (6,136) 4,452 7,382 4,354  
Redeemable non-controlling interest at Dec. 31, 2024 $ 7                       7 [1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Shares repurchased, at cost, shares 3,010                        
Accretion of redeemable non-controlling interest, net of tax $ (5)                        
Contributions from redeemable non-controlling interest $ 49                        
Common Stock, Shares, Outstanding, End of Period at Jun. 30, 2025               221,500          
Treasury Stock, Shares, End of Period at Jun. 30, 2025 57,700               57,700        
Stockholders' Equity, End of Period at Jun. 30, 2025 $ 11,251             $ 1 $ (6,798) 4,483 9,021 4,544  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Jun. 30, 2025 58                       58 [1]
Common Stock, Shares, Outstanding, Beginning of Period at Mar. 31, 2025               222,800          
Treasury Stock, Shares, Beginning of Period at Mar. 31, 2025                 56,300        
Stockholders' Equity, Beginning of Period at Mar. 31, 2025 10,052             $ 1 $ (6,488) 4,448 7,620 4,471  
Redeemable non-controlling interest at Mar. 31, 2025 [1]                         45
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net Income (Loss), Including Portion Attributable to Non Redeemable Noncontrolling Interest 1,899             0 0 0 1,626 273  
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest [1]                         (2)
Dividends declared $ (222)             $ 0 $ 0 0 (222) 0  
Shares repurchased, at cost, shares 1,410             (1,400) 1,400        
Shares repurchased, at cost $ (310)             $ 0 $ (310) 0 0 0  
Accretion of redeemable non-controlling interest, net of tax [2] (3)             0 0 0 (3) 0 4 [1]
Distributions to non-controlling interests (200)             $ 0 $ 0 0 0 (200)  
Contributions from redeemable non-controlling interest [1]                         11
Vesting of share-based compensation awards, shares               100 0        
Vesting of share-based compensation awards 0             $ 0 $ 0 0 0 0  
Share-based compensation 37             $ 0 $ 0 37 0 0  
Shares withheld from employees related to share-based compensation, at cost, shares, common stock               0          
Issued shares withheld from employees related to share-based compensation, at cost, shares, treasury shares                 0        
Issued shares withheld from employees related to share-based compensation, at cost $ (2)             $ 0 $ 0 (2) 0 0  
Common Stock, Shares, Outstanding, End of Period at Jun. 30, 2025               221,500          
Treasury Stock, Shares, End of Period at Jun. 30, 2025 57,700               57,700        
Stockholders' Equity, End of Period at Jun. 30, 2025 $ 11,251             $ 1 $ (6,798) $ 4,483 $ 9,021 $ 4,544  
Redeemable Noncontrolling Interest, Equity, Carrying Amount at Jun. 30, 2025 $ 58                       $ 58 [1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Common Stock, Dividends, Per Share, Declared $ 0.500   $ 0.500 $ 0.500                  
[1] Redeemable non-controlling interest represents the economic interest held by a third party in one of our consolidated VIEs that is redeemable for cash under certain circumstances, including those that are outside of our control. As such, the economic interest is not a component of permanent equity on our Consolidated Balance Sheets.
[2] Amount in retained earnings presented net of tax.