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Condensed Consolidated Statements of Shareholders' Equity - USD ($)
$ in Millions
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings (Deficit)
AOCL
[1]
Non-controlling Interest
Balance at period start at Dec. 31, 2023 $ 633 $ 2 $ (27) $ 3,938 $ (2,849) $ (435) $ 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends - preferred stock (7)       (7)    
Stock incentive plans, net 14     14      
Treasury stock purchases (183)   (183)        
Comprehensive Income (Loss):              
Net income (loss) 438       438    
Other comprehensive income (loss), net (14) [2]         (14)  
Comprehensive Income (Loss), Net 424       438 (14)  
Balance at period end at Sep. 30, 2024 881 2 (210) 3,952 (2,418) (449) 4
Balance at period start at Jun. 30, 2024 755 2 (196) 3,947 (2,539) (463) 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends - preferred stock (2)       (2)    
Stock incentive plans, net 5     5      
Treasury stock purchases (14)   (14)        
Contribution from noncontrolling interest 0            
Comprehensive Income (Loss):              
Net income (loss) 123       123    
Other comprehensive income (loss), net 14 [2]         14  
Comprehensive Income (Loss), Net 137       123 14  
Balance at period end at Sep. 30, 2024 881 2 (210) 3,952 (2,418) (449) 4
Balance at period start at Dec. 31, 2024 843 2 (210) 3,952 (2,433) (472) 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends - preferred stock (7)       (7)    
Stock incentive plans, net 13     13      
Treasury stock purchases (21)   (21)        
Buyback of noncontrolling interest (5)     (1)     (4)
Comprehensive Income (Loss):              
Net income (loss) (137)       (137)    
Other comprehensive income (loss), net 31 [2]         31  
Comprehensive Income (Loss), Net (106)       (137) 31  
Balance at period end at Sep. 30, 2025 717 2 (231) 3,964 (2,577) (441) 0
Balance at period start at Jun. 30, 2025 777 2 (218) 3,959 (2,529) (437) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends - preferred stock (2)       (2)    
Stock incentive plans, net 5     5      
Treasury stock purchases (13)   (13)        
Buyback of noncontrolling interest 0            
Comprehensive Income (Loss):              
Net income (loss) (46)       (46)    
Other comprehensive income (loss), net (4) [2]         (4)  
Comprehensive Income (Loss), Net (50)       (46) (4)  
Balance at period end at Sep. 30, 2025 $ 717 $ 2 $ (231) $ 3,964 $ (2,577) $ (441) $ 0
[1] AOCL - Accumulated other comprehensive loss. Refer to Note 11 – Accumulated Other Comprehensive Loss for the components of AOCL.
The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.
[2] All amounts are net of tax. Tax effects were immaterial.