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Stockholders' Equity (Notes)
6 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
5. Stockholders’ Equity

Class P Common Stock

We have a board-approved share buy-back program that authorizes share repurchase of up to $3 billion. During the six months ended June 30, 2024, we repurchased less than 1 million of our shares for $7 million at an average price of $16.50 per share.

Dividends

The following table provides information about our per share dividends:
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Per share cash dividend declared for the period$0.2875 $0.2825 $0.575 $0.565 
Per share cash dividend paid in the period0.2875 0.2825 0.57 0.56 

On July 17, 2024, our board of directors declared a cash dividend of $0.2875 per share for the quarterly period ended June 30, 2024, which is payable on August 15, 2024 to shareholders of record as of the close of business on July 31, 2024.

Accumulated Other Comprehensive Loss

Changes in the components of our “Accumulated other comprehensive loss” not including noncontrolling interests are summarized as follows:
Net unrealized
gains/(losses)
on cash flow
hedge derivatives
Pension and
other
postretirement
liability adjustments
Total
accumulated other
comprehensive loss
(In millions)
Balance as of December 31, 2023
$(44)$(173)$(217)
Other comprehensive (loss) gain before reclassifications
(81)14 (67)
Loss reclassified from accumulated other comprehensive loss
22 — 22 
Net current-period change in accumulated other comprehensive loss(59)14 (45)
Balance as of June 30, 2024$(103)$(159)$(262)
Net unrealized
gains/(losses)
on cash flow
hedge derivatives
Pension and
other
postretirement
liability adjustments
Total
accumulated other
comprehensive loss
(In millions)
Balance as of December 31, 2022$(164)$(238)$(402)
Other comprehensive gain before reclassifications
155 163 
Gain reclassified from accumulated other comprehensive loss
(51)— (51)
Net current-period change in accumulated other comprehensive loss104 112 
Balance as of June 30, 2023$(60)$(230)$(290)