Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

v3.26.3
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Retained earnings
Accumulated other comprehensive (loss) income
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 706   706      
Other comprehensive income (loss) (4)     (4)    
Share-based compensation 171       171  
Exercise of options and RSU vestings in period (in shares)   2,000        
Withholding taxes on net share settlements of share-based compensation (27)       (27)  
Dividends paid (274)   (221)   (53)  
Shares repurchased (in shares)           4,000
Shares repurchased (90)         $ (90)
Shares retired (in shares)   (4,000)       (4,000)
Shares Retired 0       (91) $ 91
Ending balance (in shares) at Sep. 30, 2025   337,000        
Ending balance at Sep. 30, 2025 11,556 $ 0 11,606 (50) 0 $ 0
Ending balance, treasury stock (in shares) at Sep. 30, 2025           0
Beginning balance (in shares) at Jun. 30, 2025   337,000        
Beginning balance at Jun. 30, 2025 11,329 $ 0 11,378 (48) 0 $ (1)
Beginning balance, treasury stock (in shares) at Jun. 30, 2025           0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 297   297      
Other comprehensive income (loss) (2)     (2)    
Share-based compensation 54   0   54  
Exercise of options and RSU vestings in period (in shares)   1,000        
Withholding taxes on net share settlements of share-based compensation (11)       (11)  
Dividends paid (91)   (69)   (22)  
Shares repurchased (in shares)           1,000
Shares repurchased (20)         $ (20)
Shares retired (in shares)   (1,000)       (1,000)
Shares Retired 0       (21) $ 21
Ending balance (in shares) at Sep. 30, 2025   337,000        
Ending balance at Sep. 30, 2025 11,556 $ 0 11,606 (50) 0 $ 0
Ending balance, treasury stock (in shares) at Sep. 30, 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 $ 801   801      
Other comprehensive income (loss) (5)     (5)    
Share-based compensation 171       171  
Exercise of options and RSU vestings in period (in shares)   4,000        
Withholding taxes on net share settlements of share-based compensation (50)       (50)  
Dividends paid (273)   (273)      
Shares repurchased (in shares)           2,000
Shares repurchased (60)         $ (60)
Shares retired (in shares)   (2,000)       (2,000)
Shares Retired 0       (60) $ 60
Ending balance (in shares) at Sep. 30, 2026   337,000        
Ending balance at Sep. 30, 2026 $ 12,147 $ 0 12,142 (55) 61 $ (1)
Ending balance, treasury stock (in shares) at Sep. 30, 2026 23         0
Beginning balance (in shares) at Jun. 30, 2026   337,000        
Beginning balance at Jun. 30, 2026 $ 11,908 $ 0 11,916 (58) 51 $ (1)
Beginning balance, treasury stock (in shares) at Jun. 30, 2026           0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 317   317      
Other comprehensive income (loss) 3     3    
Share-based compensation 54       54  
Exercise of options and RSU vestings in period (in shares)   1,000        
Withholding taxes on net share settlements of share-based compensation (11)       (11)  
Dividends paid (91)   (91)      
Shares repurchased (in shares)           1,000
Shares repurchased (33)         $ (33)
Shares retired (in shares)   (1,000)       1,000
Shares Retired 0       (33) $ 33
Ending balance (in shares) at Sep. 30, 2026   337,000        
Ending balance at Sep. 30, 2026 $ 12,147 $ 0 $ 12,142 $ (55) $ 61 $ (1)
Ending balance, treasury stock (in shares) at Sep. 30, 2026 23         0