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UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2024   0        
Beginning balance at Dec. 31, 2024 $ 3,051 $ 0 $ 1 $ 2,073 $ 999 $ (22)
Beginning, balance (in shares) at Dec. 31, 2024     49,100,000      
Increase (Decrease) in Stockholders' Equity            
Net income 276       276  
Other comprehensive (loss) income 3         3
Stock-based compensation 28     28    
Repurchases of common stock (in shares)     (3,200,000)      
Repurchases of common stock (150)     (150)    
Repurchases of Convertible Notes (2)     (2)    
Dividends and dividend equivalent rights declared (20)       (20)  
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)     700,000      
Issuance of shares to employees, net of shares withheld for employee taxes (20)     (20)    
Ending balance (in shares) at Jun. 30, 2025   0        
Ending balance at Jun. 30, 2025 3,166 $ 0 $ 1 1,929 1,255 (19)
Ending, balance (in shares) at Jun. 30, 2025     46,600,000      
Beginning balance (in shares) at Dec. 31, 2024   0        
Beginning balance at Dec. 31, 2024 $ 3,051 $ 0 $ 1 2,073 999 (22)
Beginning, balance (in shares) at Dec. 31, 2024     49,100,000      
Increase (Decrease) in Stockholders' Equity            
Repurchases of common stock (in shares)          
Ending balance (in shares) at Dec. 31, 2025 75,000.0 75,000.0        
Ending balance at Dec. 31, 2025 $ 3,327 $ 0 $ 0 1,868 1,475 (16)
Ending, balance (in shares) at Dec. 31, 2025 44,100,000   44,100,000      
Beginning balance (in shares) at Mar. 31, 2025   0        
Beginning balance at Mar. 31, 2025 $ 3,068 $ 0 $ 1 1,960 1,126 (19)
Beginning, balance (in shares) at Mar. 31, 2025     47,600,000      
Increase (Decrease) in Stockholders' Equity            
Net income 139       139  
Other comprehensive (loss) income 0          
Stock-based compensation 14     14    
Repurchases of common stock (in shares)     (1,100,000)      
Repurchases of common stock (48)     (48)    
Dividends and dividend equivalent rights declared (10)       (10)  
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)     100,000      
Issuance of shares to employees, net of shares withheld for employee taxes 3     3    
Ending balance (in shares) at Jun. 30, 2025   0        
Ending balance at Jun. 30, 2025 $ 3,166 $ 0 $ 1 1,929 1,255 (19)
Ending, balance (in shares) at Jun. 30, 2025     46,600,000      
Beginning balance (in shares) at Dec. 31, 2025 75,000.0 75,000.0        
Beginning balance at Dec. 31, 2025 $ 3,327 $ 0 $ 0 1,868 1,475 (16)
Beginning, balance (in shares) at Dec. 31, 2025 44,100,000   44,100,000      
Increase (Decrease) in Stockholders' Equity            
Repurchases of common stock (in shares) (2,000,000.0)          
Ending balance (in shares) at Mar. 31, 2026   75,000.0        
Ending balance at Mar. 31, 2026 $ 3,325 $ 0 $ 0 1,699 1,643 (17)
Ending, balance (in shares) at Mar. 31, 2026     41,300,000      
Beginning balance (in shares) at Dec. 31, 2025 75,000.0 75,000.0        
Beginning balance at Dec. 31, 2025 $ 3,327 $ 0 $ 0 1,868 1,475 (16)
Beginning, balance (in shares) at Dec. 31, 2025 44,100,000   44,100,000      
Increase (Decrease) in Stockholders' Equity            
Net income $ 328       328  
Other comprehensive (loss) income (1)         (1)
Stock-based compensation 31     31    
Issuance of preferred stock (in shares)   135,000.0        
Issuance of preferred stock 130     130    
Repurchases of common stock (in shares)     (4,800,000)      
Repurchases of common stock (396)     (396)    
Termination of Capped Call transactions (in shares)     (1,500,000)      
Dividends and dividend equivalent rights declared (24)       (24)  
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)     900,000      
Issuance of shares to employees, net of shares withheld for employee taxes $ (30)     (30)    
Ending balance (in shares) at Jun. 30, 2026 210,000.0 210,000.0        
Ending balance at Jun. 30, 2026 $ 3,365 $ 0 $ 0 1,603 1,779 (17)
Ending, balance (in shares) at Jun. 30, 2026 38,700,000   38,700,000      
Beginning balance (in shares) at Mar. 31, 2026   75,000.0        
Beginning balance at Mar. 31, 2026 $ 3,325 $ 0 $ 0 1,699 1,643 (17)
Beginning, balance (in shares) at Mar. 31, 2026     41,300,000      
Increase (Decrease) in Stockholders' Equity            
Net income 146       146  
Other comprehensive (loss) income 0          
Stock-based compensation 16     16    
Issuance of preferred stock (in shares)   135,000.0        
Issuance of preferred stock $ 130     130    
Repurchases of common stock (in shares) (2,800,000)   (2,800,000)      
Repurchases of common stock $ (244)     (244)    
Dividends and dividend equivalent rights declared (10)       (10)  
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)     200,000      
Issuance of shares to employees, net of shares withheld for employee taxes $ 2     2    
Ending balance (in shares) at Jun. 30, 2026 210,000.0 210,000.0        
Ending balance at Jun. 30, 2026 $ 3,365 $ 0 $ 0 $ 1,603 $ 1,779 $ (17)
Ending, balance (in shares) at Jun. 30, 2026 38,700,000   38,700,000