XML 20 R9.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY AND NONCONTROLLING INTERESTS - USD ($)
$ in Millions
Total
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Class A common stock
Class A common stock
Common Stock Amount
Class B common stock
Class B common stock
Common Stock Amount
Balance, beginning of period (in shares) at Dec. 31, 2023             44,275,818   58,757,123
Balance, beginning of period at Dec. 31, 2023 $ 3,567 $ 0 $ 3,738 $ (175) $ 3   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 522   522            
Other comprehensive loss (22)     (22)          
Repurchases of common stock (in shares) [1]             (528,427)   (1,987,229)
Repurchases of common stock [1] (389) (2) (387)            
Employee stock plan issuance (in shares)             13,475    
Employee stock plan issuance 2 2              
Share-based payment activity (in shares)             635,482    
Share-based payment activity (5)   (5)            
Cash dividends declared of $0.15 per share (Note 13) (15)   (15)     $ (6)   $ (9)  
Class share conversions (in shares)           766,296 766,296 (766,296) (766,296)
Balance, end of period (in shares) at Mar. 31, 2024             45,162,644   56,003,598
Balance, end of period at Mar. 31, 2024 3,660 0 3,853 (197) 3   $ 1   $ 0
Balance, beginning of period (in shares) at Dec. 31, 2024           42,613,090 42,613,090 53,531,579 53,531,579
Balance, beginning of period at Dec. 31, 2024 3,826 0 3,815 (269) 279   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 24   20   4        
Other comprehensive loss 58     45 13        
Measurement period adjustment for noncontrolling interest (Note 6) 5       5        
Repurchases of common stock (in shares) [1]             (1,078,511)    
Repurchases of common stock [1] (150) (13) (137)            
Employee stock plan issuance (in shares)             12,982    
Employee stock plan issuance 2 2              
Share-based payment activity (in shares)             351,159    
Share-based payment activity 11 11 0            
Cash dividends declared of $0.15 per share (Note 13) (14)   (14)     $ (6)   $ (8)  
Class share conversions (in shares)           19,001 19,001 (19,001) (19,001)
Balance, end of period (in shares) at Mar. 31, 2025           41,917,721 41,917,721 53,512,578 53,512,578
Balance, end of period at Mar. 31, 2025 $ 3,762 $ 0 $ 3,684 $ (224) $ 301   $ 1   $ 0
[1]
(1) Includes a $1 million liability recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets at both March 31, 2024 and March 31, 2025 related to the 1% U.S. federal excise tax on certain share repurchases enacted by the Inflation Reduction Act of 2022.