Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

v3.26.1
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Retained earnings
Accumulated other comprehensive loss
Additional Paid-in Capital
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2024   339,000        
Beginning balance at Dec. 31, 2024 $ 11,074 $ 0 $ 11,121 $ (46) $ 0 $ (1)
Beginning balance, treasury stock (in shares) at Dec. 31, 2024           0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 204   204      
Other comprehensive (loss) income 2     2    
Share-based compensation 58       58  
Exercise of stock options and vesting of restricted stock units (in shares)   1,000        
Withholding taxes on net share settlements of share-based compensation (10)       (10)  
Dividends paid (91)   (68)   (23)  
Shares repurchased (in shares)           1,000
Shares repurchased (25)         $ (25)
Shares retired (in shares)   (1,000)       (1,000)
Shares Retired 0       (25) $ 25
Ending balance (in shares) at Mar. 31, 2025   339,000        
Ending balance at Mar. 31, 2025 11,212 $ 0 11,257 (44) 0 $ (1)
Ending balance, treasury stock (in shares) at Mar. 31, 2025           0
Beginning balance (in shares) at Dec. 31, 2025   335,000        
Beginning balance at Dec. 31, 2025 $ 11,563 $ 0 11,614 (50) 0 $ (1)
Beginning balance, treasury stock (in shares) at Dec. 31, 2025 45         0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 245   245      
Other comprehensive (loss) income 0     0    
Share-based compensation 61       61  
Exercise of stock options and vesting of restricted stock units (in shares)   2,000        
Withholding taxes on net share settlements of share-based compensation (26)       (26)  
Dividends paid (91)   (91)      
Shares repurchased (in shares)           1,000
Shares repurchased (21)         $ (21)
Shares retired (in shares)   (1,000)       (1,000)
Shares Retired 0       (22) $ 22
Ending balance (in shares) at Mar. 31, 2026   336,000        
Ending balance at Mar. 31, 2026 $ 11,731 $ 0 $ 11,768 $ (50) $ 13 $ 0
Ending balance, treasury stock (in shares) at Mar. 31, 2026 0         0