| Schedule of Changes in Outstanding Stock |
The following table reflects the changes in our outstanding stock: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Class A | | Class B-1 | | Class B-2 | | Class V | | Class Z | | Treasury | | Balance at June 30, 2024 | 540,804,388 | | 4,914,939 | | 4,914,939 | | 554,568 | | 578,097 | | 16,562,453 | | Conversion of noncontrolling interest | 529,751 | | — | | — | | (529,751) | | — | | — | | Shares granted upon vesting | 1,653,540 | | 63,868 | | 63,868 | | 535,616 | | (578,097) | | — | Issuance for compensation to non-employees(1) | 19,980 | | — | | — | | — | | — | | — | | Share repurchases | (10,563,306) | | — | | — | | — | | — | | 10,563,306 | | | | | | | | | | | | | | Balance at September 30, 2024 | 532,444,353 | | 4,978,807 | | 4,978,807 | | 560,433 | | — | | 27,125,759 | | | | | | | | | | | | | | Class A | | Class B-1 | | Class B-2 | | Class V | | Class Z | | Treasury | | Balance at December 31, 2023 | 507,567,678 | | 4,951,235 | | 4,951,235 | | 28,962,218 | | 3,420,215 | | 6,427,853 | | Conversion of noncontrolling interest | 28,937,401 | | — | | — | | (28,937,401) | | — | | — | | Shares granted upon vesting | 16,498,720 | | 63,868 | | 63,868 | | 535,616 | | (3,420,215) | | — | | Issuance for compensation to non-employees(1) | 138,460 | | — | | — | | — | | — | | — | | Share repurchases | (20,697,906) | | — | | — | | — | | — | | 20,697,906 | | Share forfeitures | — | | (36,296) | | (36,296) | | — | | — | | — | | Balance at September 30, 2024 | 532,444,353 | | 4,978,807 | | 4,978,807 | | 560,433 | | — | | 27,125,759 |
_______________________________________________________ (1)Issued to certain members of the Board of Directors in lieu of cash retainer.
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| Schedule of Changes in Accumulated Other Comprehensive Income, Net by Component |
Changes in accumulated other comprehensive income, net of noncontrolling interests, are as follows (in millions): | | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments (1) | | Interest Rate Swaps (2) | | Total | | Balance at June 30, 2024 | $ | (8) | | | $ | 73 | | | $ | 65 | | | Other comprehensive income (loss) before reclassifications | 12 | | | (23) | | | (11) | | | Tax (expense) benefit | 1 | | | 10 | | | 11 | | | Other comprehensive income (loss) before reclassifications, net of tax | 13 | | | (13) | | | — | | | Amounts reclassified from accumulated other comprehensive income | — | | | (17) | | | (17) | | | Tax expense | — | | | — | | | — | | | Amounts reclassified from accumulated other comprehensive income, net of tax | — | | | (17) | | | (17) | | | Net current period other comprehensive income (loss), net of tax | 13 | | | (30) | | | (17) | | | Balance at September 30, 2024 | $ | 5 | | | $ | 43 | | | $ | 48 | | | | | | | | | Foreign
Currency
Translation
Adjustments (1) | | Interest
Rate
Swaps (2) | | Total | | Balance at December 31, 2023 | $ | (3) | | | $ | 74 | | | $ | 71 | | | Other comprehensive income (loss) before reclassifications | 5 | | | 15 | | | 20 | | | Tax (expense) benefit | 3 | | | 12 | | | 15 | | | Other comprehensive income (loss) before reclassifications, net of tax | 8 | | | 27 | | | 35 | | | Amounts reclassified from accumulated other comprehensive income | — | | | (58) | | | (58) | | | Tax expense | — | | | — | | | — | | | Amounts reclassified from accumulated other comprehensive income, net of tax | — | | | (58) | | | (58) | | | Net current period other comprehensive income (loss), net of tax | 8 | | | (31) | | | (23) | | | Balance at September 30, 2024 | $ | 5 | | | $ | 43 | | | $ | 48 | |
(1)Foreign currency translation adjustments include $1 million loss related to intercompany loans that have been designated long-term investment nature. (2)Reclassifications from this category are recorded in Interest expense. See Note 13 “Derivative Financial Instruments” for additional information.
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