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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Schedule of Changes in Outstanding Stock | The following table reflects the changes in our outstanding stock:
| Class A |  | Class B-1 |  | Class B-2 |  | Class V |  | Class Z |  | Treasury
Balance at March 31, 2025 | 531,870,154 |  | 4,955,297 |  | 4,955,297 |  | 510,115 |  | — |  | 32,001,502
Conversion of noncontrolling interest | — |  | — |  | — |  | — |  | — |  | —
Shares granted upon vesting | 936,113 |  | — |  | — |  | — |  | — |  | —
Issuance for compensation to non-employees (1) | 22,634 |  | — |  | — |  | — |  | — |  | —
Share repurchases | (4,055,349) |  | — |  | — |  | — |  | — |  | 4,055,349
Share forfeitures | — |  | — |  | — |  | — |  | — |  | —
Balance at June 30, 2025 | 528,773,552 |  | 4,955,297 |  | 4,955,297 |  | 510,115 |  | — |  | 36,056,851
| Class A (2) |  | Class B-1 |  | Class B-2 |  | Class V |  | Class Z |  | Treasury
Balance at March 31, 2024 | 549,249,504 |  | 4,933,087 |  | 4,933,087 |  | 1,189,156 |  | 578,099 |  | 6,427,853
Conversion of noncontrolling interest | 634,588 |  | — |  | — |  | (634,588) |  | — |  | —
Shares granted upon vesting | 954,218 |  | — |  | — |  | — |  | — |  | —
Issuance for compensation to non-employees (1) | 100,678 |  | — |  | — |  | — |  | — |  | —
Share repurchases | (10,134,600) |  | — |  | — |  | — |  | — |  | 10,134,600
Share forfeitures | — |  | (18,148) |  | (18,148) |  | — |  | — |  | —
Balance at June 30, 2024 | 540,804,388 |  | 4,914,939 |  | 4,914,939 |  | 554,568 |  | 578,099 |  | 16,562,453
| Class A |  | Class B-1 |  | Class B-2 |  | Class V |  | Class Z |  | Treasury
Balance at December 31, 2024 | 531,703,862 |  | 4,978,807 |  | 4,978,807 |  | 510,237 |  | — |  | 28,755,570
Conversion of noncontrolling interest | 122 |  | — |  | — |  | (122) |  | — |  | —
Shares granted upon vesting | 4,284,747 |  | — |  | — |  | — |  | — |  | —
Issuance for compensation to non-employees (1) | 86,102 |  | — |  | — |  | — |  | — |  | —
Share repurchases | (7,301,281) |  | — |  | — |  | — |  | — |  | 7,301,281
Share forfeitures | — |  | (23,510) |  | (23,510) |  | — |  | — |  | —
Balance at June 30, 2025 | 528,773,552 |  | 4,955,297 |  | 4,955,297 |  | 510,115 |  | — |  | 36,056,851
| Class A (2) |  | Class B-1 |  | Class B-2 |  | Class V |  | Class Z |  | Treasury
Balance at December 31, 2023 | 507,567,678 |  | 4,951,235 |  | 4,951,235 |  | 28,962,218 |  | 3,420,215 |  | 6,427,853
Conversion of noncontrolling interest | 28,407,650 |  | — |  | — |  | (28,407,650) |  | — |  | —
Shares granted upon vesting | 14,845,180 |  | — |  | — |  | — |  | (2,842,116) |  | —
Issuance for compensation to non-employees (1) | 118,480 |  | — |  | — |  | — |  | — |  | —
Share repurchases | (10,134,600) |  | — |  | — |  | — |  | — |  | 10,134,600
Share forfeitures | — |  | (36,296) |  | (36,296) |  | — |  | — |  | —
Balance at June 30, 2024 | 540,804,388 |  | 4,914,939 |  | 4,914,939 |  | 554,568 |  | 578,099 |  | 16,562,453
_______________________________________________________ (1)Issued to certain members of the Board of Directors in lieu of cash retainer. (2) Does not include 640,960 of unvested Class A common shares as of June 30, 2024.
Schedule of Dividends Payable | The following table provides information with respect to quarterly dividends on common stock during the three and six months ended June 30, 2025.
Declaration Date | Dividends Per Share |  | Total Payment (in millions) |  | Record Date |  | Payable Date
February 13, 2025 | $0.04 |  | $21 |  | March 3, 2025 |  | March 17, 2025
April 30, 2025 | $0.04 |  | $22 |  | June 2, 2025 |  | June 16, 2025
Schedule of Changes in Accumulated Other Comprehensive Income, Net by Component | Changes in accumulated other comprehensive income, net of noncontrolling interests, are as follows (in millions):
| Foreign Currency Translation Adjustments |  | Interest Rate Swaps (1) |  | Total
Balance at March 31, 2025 | $ | 4 |  |  | $ | 35 |  |  | $ | 39 |
Other comprehensive income (loss) before reclassifications | — |  |  | 1 |  |  | 1 |
Tax (expense) benefit | — |  |  | 2 |  |  | 2 |
Other comprehensive income (loss) before reclassifications, net of tax | — |  |  | 3 |  |  | 3 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | (8) |  |  | (8) |
Tax expense | — |  |  | — |  |  | — |
Amounts reclassified from accumulated other comprehensive income, net of tax | — |  |  | (8) |  |  | (8) |
Net current period other comprehensive income (loss), net of tax | — |  |  | (5) |  |  | (5) |
Balance at June 30, 2025 | $ | 4 |  |  | $ | 30 |  |  | $ | 34 |
_______________________________________________________ |  |  |  |  |
(1) Reclassifications from this category are recorded in Interest expense. See Note 13 “Derivative Financial Instruments” for additional information
| Foreign Currency Translation Adjustments (1) |  | Interest Rate Swaps (2) |  | Total
Balance at March 31, 2024 | $ | (6) |  |  | $ | 81 |  |  | $ | 75 |
Other comprehensive income (loss) before reclassifications | (3) |  |  | 8 |  |  | 5 |
Tax (expense) benefit | 1 |  |  | 3 |  |  | 4 |
Other comprehensive income (loss) before reclassifications, net of tax | (2) |  |  | 11 |  |  | 9 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | (19) |  |  | (19) |
Tax expense | — |  |  | — |  |  | — |
Amounts reclassified from accumulated other comprehensive income, net of tax | — |  |  | (19) |  |  | (19) |
Net current period other comprehensive income (loss), net of tax | $ | (2) |  |  | $ | (8) |  |  | $ | (10) |
Balance at June 30, 2024 | $ | (8) |  |  | $ | 73 |  |  | $ | 65 |
_______________________________________________________ |  |  |  |  |
(1) Foreign currency translation adjustments include $1 million loss related to intercompany loans that have been designated long-term investment nature.
(2) Reclassifications from this category are recorded in Interest expense. See Note 13 “Derivative Financial Instruments” for additional information
| Foreign Currency Translation Adjustments |  | Interest Rate Swaps (1) |  | Total
Balance at December 31, 2024 | $ | 4 |  |  | $ | 43 |  |  | $ | 47 |
Other comprehensive income (loss) before reclassifications | — |  |  | (2) |  |  | (2) |
Tax (expense) benefit | — |  |  | 4 |  |  | 4 |
Other comprehensive income (loss) before reclassifications, net of tax | — |  |  | 2 |  |  | 2 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | (15) |  |  | (15) |
Tax expense | — |  |  | — |  |  | — |
Amounts reclassified from accumulated other comprehensive income, net of tax | — |  |  | (15) |  |  | (15) |
Net current period other comprehensive income (loss), net of tax | — |  |  | (13) |  |  | (13) |
Balance at June 30, 2025 | $ | 4 |  |  | $ | 30 |  |  | $ | 34 |
_______________________________________________________ |  |  |  |  |
(1) Reclassifications from this category are recorded in Interest expense. See Note 13 “Derivative Financial Instruments” for additional information
| Foreign Currency Translation Adjustments (1) |  | Interest Rate Swaps (2) |  | Total
Balance at December 31, 2023 | $ | (3) |  |  | $ | 74 |  |  | $ | 71 |
Other comprehensive income (loss) before reclassifications | (7) |  |  | 38 |  |  | 31 |
Tax (expense) benefit | 2 |  |  | 2 |  |  | 4 |
Other comprehensive income (loss) before reclassifications, net of tax | (5) |  |  | 40 |  |  | 35 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | (41) |  |  | (41) |
Tax expense | — |  |  | — |  |  | — |
Amounts reclassified from accumulated other comprehensive income, net of tax | — |  |  | (41) |  |  | (41) |
Net current period other comprehensive income (loss), net of tax | (5) |  |  | (1) |  |  | (6) |
Balance at June 30, 2024 | $ | (8) |  |  | $ | 73 |  |  | $ | 65 |
_______________________________________________________ |  |  |  |  |
(1) Foreign currency translation adjustments include $1 million loss related to intercompany loans that have been designated long-term investment nature.
(2) Reclassifications from this category are recorded in Interest expense. See Note 13 “Derivative Financial Instruments” for additional information

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