v3.25.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Class A
Class A
Common Stock
Class B
Class B
Common Stock
Balance, beginning of period (in shares) at Dec. 31, 2021             50,322,050   59,653,271
Balance, beginning of period at Dec. 31, 2021 $ 3,566 $ 640 $ 3,167 $ (245) $ 3   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 455   455            
Other comprehensive income (loss) 3     3          
Repurchases of common stock (in shares)             (4,233,894)    
Repurchases of common stock (369) (369)              
Liability for repurchases of common stock [1] (9)                
Employee stock plan issuance (in shares)             60,543    
Employee stock plan issuance 5 5              
Share-based payment activity (in shares)             598,566    
Share-based payment activity 51 51              
Cash dividends declared 0         $ 0   $ 0  
Class share conversions (in shares)           735,522 735,522 (735,522) (735,522)
Balance, end of period (in shares) at Dec. 31, 2022             47,482,787   58,917,749
Balance, end of period at Dec. 31, 2022 3,702 318 3,622 (242) 3   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 220   220            
Other comprehensive income (loss) 67     67          
Repurchases of common stock (in shares) [2]             (4,123,828)    
Repurchases of common stock [2] (447) (391) (56)            
Employee stock plan issuance (in shares)             61,977    
Employee stock plan issuance 6 6              
Share-based payment activity (in shares)             694,256    
Share-based payment activity 67 67              
Cash dividends declared (48) [3]   (48) [3]     $ (21)   $ (27)  
Class share conversions (in shares)           160,626 160,626 (160,626) (160,626)
Balance, end of period (in shares) at Dec. 31, 2023           44,275,818 44,275,818 58,757,123 58,757,123
Balance, end of period at Dec. 31, 2023 3,567 0 3,738 (175) 3   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 1,296   1,296            
Other comprehensive income (loss) (95)     (94) (1)        
Acquisition of noncontrolling interest (Note 7) 277       277        
Repurchases of common stock (in shares) [2]             (4,362,776)   (3,629,480)
Repurchases of common stock [2] (1,198) (40) (1,158)            
Employee stock plan issuance (in shares)             53,366    
Employee stock plan issuance 8 8              
Share-based payment activity (in shares)             1,050,618    
Share-based payment activity 32 32              
Cash dividends declared (61) [3]   (61) [3]     $ (27)   $ (34)  
Class share conversions (in shares)           1,596,064 1,596,064 (1,596,064) (1,596,064)
Balance, end of period (in shares) at Dec. 31, 2024           42,613,090 42,613,090 53,531,579 53,531,579
Balance, end of period at Dec. 31, 2024 $ 3,826 $ 0 $ 3,815 $ (269) $ 279   $ 1   $ 0
[1]
(1) Represents repurchases of 106,116 shares for $9 million that were initiated prior to December 31, 2022, but settled in the first quarter of 2023. At December 31, 2022, the shares were included in shares outstanding, and the liability was recorded in accrued expenses and other current liabilities on our consolidated balance sheet.
[2]
(2) Includes a $8 million and $3 million liability recorded in accrued expenses and other current liabilities on our consolidated balance sheets at December 31, 2024 and December 31, 2023, respectively, related to the 1% U.S. federal excise tax on certain share repurchases enacted by the Inflation Reduction Act of 2022.
[3]
(3) Includes a $1 million liability recorded in accrued expenses and other current liabilities on our consolidated balance sheets to be paid upon vesting of certain stock-based compensation awards.