Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

v3.25.2
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Cumulative Effect, Adjustment
Common Stock
Former Parent's investment
Retained earnings
Retained earnings
Cumulative Effect, Adjustment
Accumulated other comprehensive loss
Additional Paid-in Capital
Treasury Stock
Noncontrolling interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance $ 13,102 $ 3   $ (5,284) $ 15,353 $ 3 $ 7     $ 3,026
Net income (loss) 595       503         92
Other comprehensive loss (28)           (26)     (2)
Share-based compensation 107     90           17
Exercise of options and RSU vestings in period 0     (25)           25
Withholding taxes on net share settlements of share-based compensation (23)     (23)            
Dividends paid (34)                 (34)
Ending balance at Jun. 30, 2024 13,722     (5,242) 15,859   (19)     3,124
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance 13,324     (5,270) 15,555   (32)     3,071
Net income (loss) 354       304         50
Other comprehensive loss 12           13     (1)
Share-based compensation 54     45           9
Exercise of options and RSU vestings in period 0     (12)           12
Withholding taxes on net share settlements of share-based compensation (6)     (6)            
Dividends paid (17)                 (17)
Other, net 1     1            
Ending balance at Jun. 30, 2024 13,722     (5,242) 15,859   (19)     3,124
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance 13,722     $ (5,242) 15,859   (19)     $ 3,124
Beginning balance $ 11,074   $ 0   11,121   (46) $ 0 $ (1)  
Beginning balance (in shares) at Dec. 31, 2024     339,000              
Beginning balance, treasury stock (in shares) at Dec. 31, 2024 26               0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) $ 409       409          
Other comprehensive loss (2)           (2)      
Share-based compensation 117             117    
Exercise of options and RSU vestings in period (in shares)     1,000              
Withholding taxes on net share settlements of share-based compensation (16)             (16)    
Dividends paid (183)       (152)     (31)    
Shares repurchased (in shares)                 3,000  
Shares repurchased (70)               $ (70)  
Shares retired (in shares)     (3,000)           (3,000)  
Shares retired 0             (70) $ 70  
Ending balance (in shares) at Jun. 30, 2025     337,000              
Ending balance at Jun. 30, 2025 $ 11,329   $ 0   11,378   (48) 0 $ (1)  
Ending balance, treasury stock (in shares) at Jun. 30, 2025 26               0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance $ 11,212   $ 0   11,257   (44) 0 $ (1)  
Beginning balance (in shares) at Mar. 31, 2025     339,000              
Beginning balance, treasury stock (in shares) at Mar. 31, 2025                 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 205       205          
Other comprehensive loss (4)           (4)      
Share-based compensation 58             58    
Withholding taxes on net share settlements of share-based compensation (5)             (5)    
Dividends paid (92)       (84)     (8)    
Shares repurchased (in shares)                 2,000  
Shares repurchased (45)               $ (45)  
Shares retired (in shares)     (2,000)           (2,000)  
Shares retired 0             (45) $ 45  
Ending balance (in shares) at Jun. 30, 2025     337,000              
Ending balance at Jun. 30, 2025 $ 11,329   $ 0   11,378   (48) 0 $ (1)  
Ending balance, treasury stock (in shares) at Jun. 30, 2025 26               0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance $ 11,329   $ 0   $ 11,378   $ (48) $ 0 $ (1)