v3.26.1
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024   101,325,000        
Beginning balance at Dec. 31, 2024 $ 4,766 $ 1 $ 3,911 $ 723 $ (8) $ 139
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 111     108   3
Dividends declared on common stock (83)     (83)    
Contributions from noncontrolling interests 2         2
Distributions to noncontrolling interests (4)         (4)
Stock-based compensation and other (in shares)   266,000        
Stock-based compensation and other (11)   (10) (1)    
Other comprehensive income, net of tax 1       1  
Ending balance (in shares) at Mar. 31, 2025   101,591,000        
Ending balance at Mar. 31, 2025 $ 4,782 $ 1 3,901 747 (7) 140
Beginning balance (in shares) at Dec. 31, 2025 101,673,925 101,674,000        
Beginning balance at Dec. 31, 2025 $ 4,878 $ 1 3,915 827 (7) 142
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 134     130   4
Dividends declared on common stock (89)     (89)    
Contributions from noncontrolling interests 1         1
Distributions to noncontrolling interests (5)         (5)
Stock-based compensation and other (in shares)   340,000        
Stock-based compensation and other (24)   (23) (1)    
Other comprehensive income, net of tax $ 0          
Ending balance (in shares) at Mar. 31, 2026 102,014,118 102,014,000        
Ending balance at Mar. 31, 2026 $ 4,895 $ 1 $ 3,892 $ 867 $ (7) $ 142