v3.26.1
Stockholders' Equity (Notes)
 3 Months Ended
Mar. 31, 2026
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
4. Stockholders’ Equity

Class P Common Stock

Dividends

The following table provides information about our per share dividends:
Three Months Ended
March 31,
20262025
Per share cash dividend declared for the period$0.2975 $0.2925 
Per share cash dividend paid in the period0.2925 0.2875 

On April 22, 2026, our board of directors declared a cash dividend of $0.2975 per share for the quarterly period ended March 31, 2026, which is payable on May 15, 2026 to shareholders of record as of the close of business on May 4, 2026.

Accumulated Other Comprehensive Loss

Changes in the components of our “Accumulated other comprehensive loss” not including noncontrolling interests are summarized as follows:
Net unrealized
gains/(losses)
on cash flow
hedge derivatives		Pension and
other
postretirement
liability adjustments		Total
accumulated other
comprehensive loss
(In millions)
Balance as of December 31, 2025
$67 $(22)$45 
Other comprehensive loss before reclassifications
(199)(3)(202)
Loss reclassified from accumulated other comprehensive loss
20 — 20 
Net current-period change in accumulated other comprehensive loss(179)(3)(182)
Balance as of March 31, 2026$(112)$(25)$(137)
Net unrealized
gains/(losses)
on cash flow
hedge derivatives		Pension and
other
postretirement
liability adjustments		Total
accumulated other
comprehensive loss
(In millions)
Balance as of December 31, 2024
$(33)$(62)$(95)
Other comprehensive loss before reclassifications
(7)(2)(9)
Gain reclassified from accumulated other comprehensive loss
(5)— (5)
Net current-period change in accumulated other comprehensive loss(12)(2)(14)
Balance as of March 31, 2025$(45)$(64)$(109)