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General (Tables)

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Net Income for Shareholders and Participating Securities

The following table sets forth the allocation of net income available to shareholders of Class P common stock and participating securities:

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
			(In millions, except per share amounts)
Net Income Available to Stockholders			$	575					$	586					$	1,321					$	1,265
Participating securities:
Less: Net Income Allocated to Restricted Stock Awards(a)			(3)						(4)						(7)						(7)
Net Income Allocated to Common Stockholders			$	572					$	582					$	1,314					$	1,258
Basic Weighted Average Shares Outstanding			2,219						2,237						2,219						2,242
Basic Earnings Per Share			$	0.26					$	0.26					$	0.59					$	0.56

(a)As of June 30, 2024, there were 13 million restricted stock awards outstanding.

Schedule of Antidilutive Securities

The following table presents the maximum number of potential common stock equivalents which are antidilutive and, accordingly, are excluded from the determination of diluted earnings per share. As we have no other common stock equivalents, our diluted earnings per share are the same as our basic earnings per share for all periods presented.

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
			(In millions on a weighted average basis)
Unvested restricted stock awards			13						13						13						13
Convertible trust preferred securities			3						3						3						3

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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