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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 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 June 30, 2025 | 528,773,552 |  | 4,955,297 |  | 4,955,297 |  | 510,115 |  | — |  | 36,056,851
Conversion of noncontrolling interest | — |  | — |  | — |  | — |  | — |  | —
Shares granted upon vesting | 400,475 |  | — |  | — |  | — |  | — |  | —
Issuance for compensation to non-employees (1) | 46,297 |  | — |  | — |  | — |  | — |  | —
Share repurchases | (6,580,136) |  | — |  | — |  | — |  | — |  | 6,580,136
Share forfeitures | — |  | — |  | — |  | — |  | — |  | —
Balance at September 30, 2025 | 522,640,188 |  | 4,955,297 |  | 4,955,297 |  | 510,115 |  | — |  | 42,636,987
| Class A |  | Class B-1 |  | Class B-2 |  | Class V |  | Class Z |  | Treasury
Balance at June 30, 2024 | 540,804,388 |  | 4,914,939 |  | 4,914,939 |  | 554,568 |  | 578,099 |  | 16,562,453
Conversion of noncontrolling interest | 529,751 |  | — |  | — |  | (529,751) |  | — |  | —
Shares granted upon vesting | 1,653,540 |  | 63,868 |  | 63,868 |  | 535,616 |  | (578,099) |  | —
Issuance for compensation to non-employees (1) | 19,980 |  | — |  | — |  | — |  | — |  | —
Share repurchases | (10,563,306) |  | — |  | — |  | — |  | — |  | 10,563,306
Balance at September 30, 2024 | 532,444,353 |  | 4,978,807 |  | 4,978,807 |  | 560,433 |  | — |  | 27,125,759
| 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 | 4,685,222 |  | — |  | — |  | — |  | — |  | —
Issuance for compensation to non-employees (1) | 132,399 |  | — |  | — |  | — |  | — |  | —
Share repurchases | (13,881,417) |  | — |  | — |  | — |  | — |  | 13,881,417
Share forfeitures | — |  | (23,510) |  | (23,510) |  | — |  | — |  | —
Balance at September 30, 2025 | 522,640,188 |  | 4,955,297 |  | 4,955,297 |  | 510,115 |  | — |  | 42,636,987
| Class A |  | 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 | 28,937,401 |  | — |  | — |  | (28,937,401) |  | — |  | —
Shares granted upon vesting | 16,498,720 |  | 63,868 |  | 63,868 |  | 535,616 |  | (3,420,215) |  | —
Issuance for compensation to non-employees (1) | 138,460 |  | — |  | — |  | — |  | — |  | —
Share repurchases | (20,697,906) |  | — |  | — |  | — |  | — |  | 20,697,906
Share forfeitures | — |  | (36,296) |  | (36,296) |  | — |  | — |  | —
Balance at September 30, 2024 | 532,444,353 |  | 4,978,807 |  | 4,978,807 |  | 560,433 |  | — |  | 27,125,759
_______________________________________________________ (1)Issued to certain members of the Board of Directors in lieu of cash retainer.
Schedule of Dividends Payable | The following table provides information with respect to quarterly dividends on common stock during the three and nine months ended September 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
July 23, 2025 | $0.04 |  | $22 |  | September 2, 2025 |  | September 15, 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 June 30, 2025 | $ | 4 |  |  | $ | 30 |  |  | $ | 34 |
Other comprehensive income (loss) before reclassifications | — |  |  | 1 |  |  | 1 |
Tax (expense) benefit | — |  |  | 1 |  |  | 1 |
Other comprehensive income (loss) before reclassifications, net of tax | — |  |  | 2 |  |  | 2 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | (6) |  |  | (6) |
Tax expense | — |  |  | — |  |  | — |
Amounts reclassified from accumulated other comprehensive income, net of tax | — |  |  | (6) |  |  | (6) |
Net current period other comprehensive income (loss), net of tax | — |  |  | (4) |  |  | (4) |
Balance at September 30, 2025 | $ | 4 |  |  | $ | 26 |  |  | $ | 30 |
_______________________________________________________ |  |  |  |  |
(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 June 30, 2024 | $ | (8) |  |  | $ | 73 |  |  | $ | 65 |
Other comprehensive income (loss) before reclassifications | 12 |  |  | (23) |  |  | (11) |
Tax (expense) benefit | 1 |  |  | 10 |  |  | 11 |
Other comprehensive income (loss) before reclassifications, net of tax | 13 |  |  | (13) |  |  | — |
Amounts reclassified from accumulated other comprehensive income | — |  |  | (17) |  |  | (17) |
Tax expense | — |  |  | — |  |  | — |
Amounts reclassified from accumulated other comprehensive income, net of tax | — |  |  | (17) |  |  | (17) |
Net current period other comprehensive income (loss), net of tax | $ | 13 |  |  | $ | (30) |  |  | $ | (17) |
Balance at September 30, 2024 | $ | 5 |  |  | $ | 43 |  |  | $ | 48 |
_______________________________________________________ |  |  |  |  |
(1) Foreign currency translation adjustments include $1 million loss related to intercompany loans that had 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 | — |  |  | (1) |  |  | (1) |
Tax (expense) benefit | — |  |  | 5 |  |  | 5 |
Other comprehensive income (loss) before reclassifications, net of tax | — |  |  | 4 |  |  | 4 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | (21) |  |  | (21) |
Tax expense | — |  |  | — |  |  | — |
Amounts reclassified from accumulated other comprehensive income, net of tax | — |  |  | (21) |  |  | (21) |
Net current period other comprehensive income (loss), net of tax | — |  |  | (17) |  |  | (17) |
Balance at September 30, 2025 | $ | 4 |  |  | $ | 26 |  |  | $ | 30 |
_______________________________________________________ |  |  |  |  |
(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 | 5 |  |  | 15 |  |  | 20 |
Tax (expense) benefit | 3 |  |  | 12 |  |  | 15 |
Other comprehensive income (loss) before reclassifications, net of tax | 8 |  |  | 27 |  |  | 35 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | (58) |  |  | (58) |
Tax expense | — |  |  | — |  |  | — |
Amounts reclassified from accumulated other comprehensive income, net of tax | — |  |  | (58) |  |  | (58) |
Net current period other comprehensive income (loss), net of tax | 8 |  |  | (31) |  |  | (23) |
Balance at September 30, 2024 | $ | 5 |  |  | $ | 43 |  |  | $ | 48 |
_______________________________________________________ |  |  |  |  |
(1) Foreign currency translation adjustments include $1 million loss related to intercompany loans that had 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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