v3.26.1
EQUITY
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
EQUITY EQUITY
COMMON STOCK
The Company is authorized to issue 2 billion shares of Class A common stock and 50 million shares of preferred stock, each of which has a par value of $0.0001 per share.
The Company has a share repurchase program which it expects to fund from cash generated from operations, and it expects to make share repurchases from time to time subject to the Company's capital plan, market conditions, and other factors, including regulatory restrictions. The repurchase program may be suspended or discontinued at any time and does not have a specified expiration date. There were no shares of Class A common stock repurchased during the three months ended March 31, 2026. During the three months ended March 31, 2025, the Company repurchased and canceled 4.4 million shares of Class A common stock for $188 million representing an average price per share of $42.69. As of March 31, 2026, the Company had authorization remaining to repurchase up to approximately $1.3 billion of its Class A common stock.
The following table presents the changes in the number of shares outstanding (in thousands):
Class A
Common Stock
20262025
Balance at January 1986,815 989,646 
Issue of shares upon vesting of restricted stock units (1)
4,145 4,643 
Issue of shares on exercise of stock options (1)
429 76 
Issue of shares for employee stock purchase plan384 401 
Repurchase and cancellation of Class A common stock— (4,406)
Balance at March 31991,773 990,361 
(1)Share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation.
ACCUMULATED OTHER COMPREHENSIVE LOSS
The following tables present the changes in accumulated other comprehensive loss, net of tax:
Foreign Currency Translation AdjustmentsCash Flow HedgesBenefit PlansAccumulated Other Comprehensive Loss
Balance at December 31, 2025$(2,336)$3 $(319)$(2,652)
Other comprehensive income (loss) before reclassifications(117)(100)2 (215)
Amounts reclassified from accumulated other comprehensive loss28 1 3 32 
Deferred taxes(10)— — (10)
Other comprehensive income (loss)
(99)(99)5 (193)
Less: Other comprehensive loss attributable to noncontrolling interests(1)— — (1)
Balance at March 31, 2026$(2,434)$(96)$(314)$(2,844)
Foreign Currency Translation AdjustmentsCash Flow HedgesBenefit PlansAccumulated Other Comprehensive Loss
Balance at December 31, 2024$(2,863)$(7)$(291)$(3,161)
Other comprehensive income (loss) before reclassifications
188 — (4)184 
Amounts reclassified from accumulated other comprehensive loss— 2 4 6 
Deferred taxes— — 1 1 
Other comprehensive income
188 2 1 191 
Less: Other adjustments— 1 (1)— 
Balance at March 31, 2025$(2,675)$(6)$(289)$(2,970)
The amounts reclassified from accumulated other comprehensive loss during the three months ended March 31, 2026 and 2025 represent (i) net gains (losses) reclassified on cash flow hedges when the hedged transaction occurs, and (ii) the amortization of net actuarial gain (loss), prior service credit, settlements, and curtailments which are included in the computation of net periodic pension cost, and (iii) during the three months ended March 31, 2026 only, foreign currency translation adjustments related to business dispositions during the quarter.