XML 23 R7.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Additional Paid-In Capital - Common Stock
Additional Paid-In Capital - Preferred Stock
Retained Deficit
Accumulated Other Comprehensive Loss
Non-Redeemable Noncontrolling Interests
Series A Convertible Preferred Stock
Series A Convertible Preferred Stock
Preferred Stock
Class A Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Class B Common Stock
Common Stock
Class C Common Stock
Class C Common Stock
Common Stock
Balance at beginning of period (in shares) at Dec. 31, 2024                   67,737,305   19,801,028   1,519,826
Balance at beginning of period at Dec. 31, 2024 $ 1,018 $ 1,063   $ (228) $ (28) $ 211                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 20     17   3                
Repurchases and retirement of Class A common stock (in shares)                   (686,177)        
Repurchases and retirement of Class A common stock (63) (3)   (48)   (12)                
Exchange of shares held by Rook (in shares)                   160,043       (160,043)
Equity-based compensation 26 26                        
Vesting of restricted stock units, net of tax withholding (in shares)                   259,815       (12,410)
Vesting of restricted stock units, net of tax withholding (19) (19)                        
Effect of foreign currency translation on noncontrolling interest 1         1                
Other comprehensive income 33       25 8                
Balance at end of period (in shares) at Mar. 31, 2025                   67,470,986   19,801,028   1,347,373
Balance at end of period at Mar. 31, 2025 1,016 1,067   (259) (3) 211                
Balance at beginning of period (in shares) at Dec. 31, 2025             10,000,000 10,000,000            
Balance at beginning of period (in shares) at Dec. 31, 2025                 63,666,837 63,666,837 19,801,028 19,801,028 1,123,309 1,123,309
Balance at beginning of period at Dec. 31, 2025 1,947 889 $ 973 (467) 47 505                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 12     15   (3)                
Dividends accrued on Preferred Stock and redeemable noncontrolling interests (16)     (16)                    
Repurchases and retirement of Class A common stock (in shares)                   (5,485,241)        
Repurchases and retirement of Class A common stock (297) (101)   (176)   (20)                
Simplification Transactions (in shares)               423,296   20,924,337   (19,801,028)   (1,123,309)
Simplification Transactions 301 500 32     (231)                
Distributions to noncontrolling interests (141)         (141)                
Equity-based compensation 16 16                        
Vesting of restricted stock units, net of tax withholding (in shares)                   222,879        
Vesting of restricted stock units, net of tax withholding (7) (7)                        
Effect of foreign currency translation on noncontrolling interest (3)         (3)                
Other comprehensive income $ (42)       (52) 10                
Balance at end of period (in shares) at Mar. 31, 2026 10,423,296           10,423,296 10,423,296            
Balance at end of period (in shares) at Mar. 31, 2026                 79,328,812 79,328,812 0 0 0 0
Balance at end of period at Mar. 31, 2026 $ 1,770 $ 1,297 $ 1,005 $ (644) $ (5) $ 117