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Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Total
Common Shares
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Deferred Equity Compensation
Nonredeemable Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2022     59,013,040        
Beginning balance at Dec. 31, 2022 $ 5,292 $ 5,064 $ 1 $ 5,577 $ (515) $ 1 $ 228
Increase (Decrease) in Shareholders' Equity              
Net income 382 363   363     19
Dividends (51) (51)   (51)      
Common share repurchases (in shares)     (1,556,213)        
Common shares repurchases (90) (90)   (90)      
Share-based compensation (in shares)     362,905        
Share-based compensation 16 16   16      
Reclassification to liabilities (16)           (16)
Contributions 20           20
Distributions (70)           (70)
Other comprehensive (loss) income (50) (50)     (50)    
Deconsolidation of investment vehicles             (132)
Ending balance (in shares) at Sep. 30, 2023     57,819,732        
Ending balance at Sep. 30, 2023 5,301 5,252 $ 1 5,815 (565) 1 49
Beginning balance (in shares) at Jun. 30, 2023     58,850,144        
Beginning balance at Jun. 30, 2023 5,455 5,276 $ 1 5,732 (458) 1 179
Increase (Decrease) in Shareholders' Equity              
Net income 159 157   157     2
Dividends (16) (16)   (16)      
Common share repurchases (in shares)     (1,065,902)        
Common shares repurchases (64) (64)   (64)      
Share-based compensation (in shares)     35,490        
Share-based compensation 6 6   6      
Other comprehensive (loss) income (107) (107)     (107)    
Deconsolidation of investment vehicles (132)           (132)
Ending balance (in shares) at Sep. 30, 2023     57,819,732        
Ending balance at Sep. 30, 2023 5,301 5,252 $ 1 5,815 (565) 1 49
Beginning balance (in shares) at Dec. 31, 2023     56,217,305        
Beginning balance at Dec. 31, 2023 5,765 5,713 $ 1 6,070 (359) 1 52
Increase (Decrease) in Shareholders' Equity              
Net income 370 358   358     12
Dividends (52) (52)   (52)      
Common share repurchases (in shares)     (5,126,047)        
Common shares repurchases (417) (417)   (417)      
Share-based compensation (in shares)     465,492        
Share-based compensation (2) (2)   (2)      
Distributions (10)           (10)
Other comprehensive (loss) income 128 128     128    
Ending balance (in shares) at Sep. 30, 2024     51,556,750        
Ending balance at Sep. 30, 2024 5,782 5,728 $ 1 5,957 (231) 1 54
Beginning balance (in shares) at Jun. 30, 2024     53,185,707        
Beginning balance at Jun. 30, 2024 5,595 5,539 $ 1 5,929 (392) 1 56
Increase (Decrease) in Shareholders' Equity              
Net income 176 171   171     5
Dividends (16) (16)   (16)      
Common share repurchases (in shares)     (1,658,441)        
Common shares repurchases (132) (132)   (132)      
Share-based compensation (in shares)     29,484        
Share-based compensation 5 5   5      
Distributions (7)           (7)
Other comprehensive (loss) income 161 161     161    
Ending balance (in shares) at Sep. 30, 2024     51,556,750        
Ending balance at Sep. 30, 2024 $ 5,782 $ 5,728 $ 1 $ 5,957 $ (231) $ 1 $ 54