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PREFERRED STOCK AND COMMON STOCK (Tables) | 6 Months Ended
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Jun. 30, 2026
Equity [Abstract] |
Schedule of Preferred Stock | The following table provides information about our preferred stock issued and outstanding as of the dates presented:
|  |  |  |  |  | Per Annum Dividend Rate |  |  |  |  |  |  |  | Carrying Amount
Series (1) |  | Issuance Date |  | Earliest Redemption Date |  |  |  |  | Total Shares |  | Liquidation Preference |  | June 30, 2026 |  | December 31, 2025
(Millions, except share amounts) |  |  |  |  |  |  |  |  |  |  |  |
Series A |  | November 25, 2025 |  | December 15, 2030 |  | 8.625 | % |  |  |  | 75,000 |  |  | $ | 75 |  |  | $ | 72 |  |  | $ | 71 |
Series B |  | May 12, 2026 |  | December 15, 2031 |  | 8.875 | % |  |  |  | 135,000 |  |  | 135 |  |  | 130 |  |  | — |
Total |  |  |  |  |  |  |  |  |  |  |  | $ | 210 |  |  | $ | 202 |  |  | $ | 71 |
______________________________ (1)Issued as depositary shares representing 1/40th interest in a share of the corresponding series of non-cumulative perpetual preferred stock, par value $0.01 per share. Dividends are payable quarterly in arrears on March 15, June 15, September 15 and December 15, at a fixed rate, in each case when, as and if declared by our Board of Directors.
Schedule of Common Stock Repurchases | The following table provides information about our common stock repurchases under our various Board-approved share repurchase authorizations, for the periods presented:
(Millions) |  | Amount Authorized for Repurchase |  | Number of Shares Repurchased (1) |  | Approximate Dollar Value of Shares Repurchased (2) |  | Amount Remaining for Future Repurchases
As of December 31, 2025 |  |  |  |  |  |  |  | $ | 240 |
For the three months ended: |  |  |  |  |  |  |  |
March 31, 2026 |  | $ | 600 |  |  | 2.0 |  | $ | 150 |  |  | $ | 690 |
June 30, 2026 |  | — |  | 2.8 |  | 241 |  |  | 449
Total |  | $ | 600 |  |  | 4.8 |  | $ | 391 |  |  |
______________________________ (1)Upon repurchase, these shares were retired and ceased to be outstanding shares of common stock, and are now treated as authorized but unissued shares of common stock. Does not include the 1.5 million shares that were retired in connection with the termination of our Capped Call transactions, discussed below. (2)Excludes excise taxes on stock repurchases.
Schedule of Dividends Declared | The table below summarizes the cash dividend activity we had on our preferred and common stock for the dates presented:
(Millions, except per share amounts) |  | Preferred Stock |  | Common Stock
Dividend Declaration Date |  | Dividend Payment Date |  | Amount Per Share |  | Amount |  | Amount Per Share |  | Amount (1)
January 29, 2026 |  | March 16, 2026 |  | $ | 26.35 |  |  | $ | 2 |  |  | $ | 0.23 |  |  | $ | 10 |
April 23, 2026 |  | June 15, 2026 |  | $ | 21.56 |  |  | $ | 2 |  |  | $ | 0.23 |  |  | $ | 9 |
|  |  |  |  |  | $ | 4 |  |  |  |  | $ | 19 |
______________________________ (1)Excludes dividend equivalent rights paid during the period.

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- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480070/505-10-S50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-11 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-5 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480100/505-10-S45-3 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480100/505-10-S45-2 Reference 9: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-10 Reference 10: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 Reference 12: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-5 Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480657/210-10-S50-11 + Details
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