XML 27 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock [Member]
Retained Earnings [Member]
Beginning Balance (in shares) at Dec. 31, 2023   78,075  
Shares issued   1,106  
Ending Balance (in shares) at Sep. 30, 2024   79,181  
Beginning Balance at Dec. 31, 2023   $ 1,644 $ 841
Equity compensation expense   8  
Issuance of common stock, net of issuance costs   36  
Payment of minimum tax withholdings for share-based payment awards   (2)  
Net income $ 113   113
Dividends on common stock     (112)
Ending Balance at Sep. 30, 2024 $ 2,528 $ 1,686 842
Dividends declared per common share $ 1.425    
Beginning Balance (in shares) at Jun. 30, 2024   78,702  
Shares issued   479  
Ending Balance (in shares) at Sep. 30, 2024   79,181  
Beginning Balance at Jun. 30, 2024   $ 1,666 861
Equity compensation expense   2  
Issuance of common stock, net of issuance costs   18  
Net income $ 18   18
Dividends on common stock     (37)
Ending Balance at Sep. 30, 2024 $ 2,528 $ 1,686 842
Dividends declared per common share $ 0.475    
Beginning Balance (in shares) at Dec. 31, 2024 80,039 80,039  
Shares issued 1,200 1,331  
Ending Balance (in shares) at Sep. 30, 2025 81,370 81,370  
Beginning Balance at Dec. 31, 2024 $ 2,591 $ 1,720 871
Equity compensation expense   8  
Issuance of common stock, net of issuance costs   45  
Payment of minimum tax withholdings for share-based payment awards   (2)  
Net income 122   122
Dividends on common stock     (119)
Ending Balance at Sep. 30, 2025 $ 2,645 $ 1,771 874
Dividends declared per common share $ 1.47    
Beginning Balance (in shares) at Jun. 30, 2025   81,109  
Shares issued 300 261  
Ending Balance (in shares) at Sep. 30, 2025 81,370 81,370  
Beginning Balance at Jun. 30, 2025   $ 1,760 885
Equity compensation expense   1  
Issuance of common stock, net of issuance costs   10  
Net income $ 29   29
Dividends on common stock     (40)
Ending Balance at Sep. 30, 2025 $ 2,645 $ 1,771 $ 874
Dividends declared per common share $ 0.49