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PREFERRED STOCK AND COMMON STOCK (Tables)
 6 Months Ended
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 PreferenceJune 30, 2026December 31, 2025
(Millions, except share amounts)
Series A November 25, 2025December 15, 20308.625 %75,000 $75 $72 $71 
Series BMay 12, 2026December 15, 20318.875 %135,000 135 130 — 
Total$210 $202 $71 
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(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
—2.8241 449
Total$600 4.8$391 
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(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 StockCommon Stock
Dividend Declaration DateDividend Payment DateAmount Per ShareAmountAmount Per Share
Amount (1)
January 29, 2026March 16, 2026$26.35 $2 $0.23 $10 
April 23, 2026June 15, 2026$21.56 $2 $0.23 $9 
$4 $19 
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(1)Excludes dividend equivalent rights paid during the period.