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UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Cumulative effect of change in accounting principle
[1]
Common Stock
Additional Paid-In Capital
Retained Earnings
Retained Earnings
Cumulative effect of change in accounting principle
[1]
Accumulated Other Comprehensive Loss
Beginning, balance (in shares) at Dec. 31, 2023     49.3        
Beginning balance at Dec. 31, 2023 $ 2,918 $ (1) $ 1 $ 2,169 $ 767 $ (1) $ (19)
Increase (Decrease) in Stockholders' Equity              
Net income 270       270    
Other comprehensive income 3           3
Stock-based compensation 41     41      
Repurchases of common stock (in shares)     (0.3)        
Repurchases of common stock (11)     (11)      
Repurchases of Convertible Notes (67)     (67)      
Dividends and dividend equivalent rights declared (33)       (33)    
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)     0.7        
Issuance of shares to employees, net of shares withheld for employee taxes (8)     (8)      
Ending, balance (in shares) at Sep. 30, 2024     49.7        
Ending balance at Sep. 30, 2024 3,112   $ 1 2,124 1,003   (16)
Beginning, balance (in shares) at Jun. 30, 2024     49.7        
Beginning balance at Jun. 30, 2024 3,170   $ 1 2,179 1,012   (22)
Increase (Decrease) in Stockholders' Equity              
Net income 2       2    
Other comprehensive income 6           6
Stock-based compensation 12     12      
Repurchases of Convertible Notes (67)     (67)      
Dividends and dividend equivalent rights declared (11)       (11)    
Ending, balance (in shares) at Sep. 30, 2024     49.7        
Ending balance at Sep. 30, 2024 3,112   $ 1 2,124 1,003   (16)
Beginning, balance (in shares) at Dec. 31, 2024     49.1        
Beginning balance at Dec. 31, 2024 3,051   $ 1 2,073 999   (22)
Increase (Decrease) in Stockholders' Equity              
Net income 464       464    
Other comprehensive income 6           6
Stock-based compensation $ 41     41      
Repurchases of common stock (in shares) (3.8)   (3.8)        
Repurchases of common stock $ (190)     (190)      
Repurchases of Convertible Notes (4)     (4)      
Dividends and dividend equivalent rights declared (31)       (31)    
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)     0.7        
Issuance of shares to employees, net of shares withheld for employee taxes (20)     (20)      
Ending, balance (in shares) at Sep. 30, 2025     46.0        
Ending balance at Sep. 30, 2025 3,317   $ 1 1,900 1,432   (16)
Beginning, balance (in shares) at Jun. 30, 2025     46.6        
Beginning balance at Jun. 30, 2025 3,166   $ 1 1,929 1,255   (19)
Increase (Decrease) in Stockholders' Equity              
Net income 188       188    
Other comprehensive income 3           3
Stock-based compensation $ 13     13      
Repurchases of common stock (in shares) (0.6)   (0.6)        
Repurchases of common stock $ (40)     (40)      
Repurchases of Convertible Notes (2)     (2)      
Dividends and dividend equivalent rights declared (11)       (11)    
Ending, balance (in shares) at Sep. 30, 2025     46.0        
Ending balance at Sep. 30, 2025 $ 3,317   $ 1 $ 1,900 $ 1,432   $ (16)
[1] Represents the cumulative effect, net of tax, of adopting the proportional amortization method of accounting for our tax credit investment. For additional information refer to Note 1, “Description of Business, Basis of Presentation and Significant Accounting Policies” included in our 2024 Form 10-K.