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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Net Income (Loss) Per Common Share | Net income (loss) per common share has been computed as per below, based upon weighted average common basic and dilutive shares outstanding.
| Years Ended December 31,
(Amounts in millions, except per share amounts) | 2024 |  | 2023 |  | 2022
Net income (loss) per share: |  |  |  |  |
Numerator |  |  |  |  |
Net income (loss) | $ | 1,373 |  |  | $ | 2,517 |  |  | $ | 597 |
Less: dividends declared-common shares and unvested common shares | (334) |  |  | (288) |  |  | (255) |
Undistributed earnings | 1,039 |  |  | 2,229 |  |  | 342 |
Percentage allocated to common shareholders (1) | 98.8 | % |  | 98.8 | % |  | 98.7 | %
| 1,027 |  |  | 2,203 |  |  | 337 |
Add: dividends declared-common shareholders | 331 |  |  | 285 |  |  | 252 |
Numerator for basic and diluted earnings per common share | $ | 1,358 |  |  | $ | 2,488 |  |  | $ | 589 |
Denominator |  |  |  |  |
Denominator for basic earnings per weighted-average common shares | 42.7 |  |  | 41.3 |  |  | 38.8 |
Effect of dilutive securities: |  |  |  |  |
Options | — |  |  | — |  |  | — |
Denominator for diluted earnings per adjusted weighted-average common shares | 42.7 |  |  | 41.3 |  |  | 38.8 |
Per common share net income (loss) |  |  |  |  |
Basic | $ | 31.78 |  |  | $ | 60.19 |  |  | $ | 15.19 |
Diluted | $ | 31.78 |  |  | $ | 60.19 |  |  | $ | 15.19 |
(1)Basic weighted-average common shares outstanding | 42.7 |  |  | 41.3 |  |  | 38.8 |
Basic weighted-average common shares outstanding and unvested common shares expected to vest | 43.2 |  |  | 41.8 |  |  | 39.3 |
Percentage allocated to common shareholders | 98.8 | % |  | 98.8 | % |  | 98.7 | %
(Some amounts may not reconcile due to rounding.)

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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 + Details
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