v3.25.4
Schedule I—Condensed Financial Information of Registrant (Parent Company Only) - Cash Flows (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities      
Net cash used in operating activities $ 7,246 $ 3,253 $ 6,322
Cash Flows from Investing Activities      
Purchase of investments (444) 0 0
Sale of investments 444 0 0
Net cash used in investing activities (63,972) (61,801) (42,407)
Cash Flows from Financing Activities      
Preferred stock dividends (97) (97) (22)
Common stock dividends (1,201) (1,092) (1,012)
Issuance of debt 7,218 7,945 4,912
Repurchase of common stock (773) (890) (561)
Net cash provided by financing activities 60,200 57,972 42,638
Net increase (decrease) in cash and cash equivalents, restricted cash and cash held at consolidated variable interest entities 3,479 (579) 6,563
Cash and cash equivalents, restricted cash and cash equivalents, and cash and cash equivalents held at consolidated variable interest entities, beginning of period 17,112 17,691 11,128
Cash and cash equivalents, restricted cash and cash equivalents, and cash and cash equivalents held at consolidated variable interest entities, end of period 20,591 17,112 17,691
Supplemental Disclosure of Cash Flow Information      
Cash paid for taxes 590 1,048 358
Cash paid for interest 994 805 720
Parent Company      
Cash Flows from Operating Activities      
Net cash used in operating activities (228) (23) (63)
Cash Flows from Investing Activities      
Contributions to subsidiaries 0 (71) (1,250)
Distributions from subsidiaries 750 453 1,166
Due from subsidiaries, net 148 209 147
Net cash used in investing activities 898 591 63
Cash Flows from Financing Activities      
Preferred stock dividends (97) (97) (22)
Common stock dividends (1,201) (1,092) (1,012)
Issuance of debt 1,250 1,250 1,100
Payment of debt issuance cost (16) (17) (25)
Issuance of Mandatory Convertible Preferred Stock, net of issuance costs 0 0 1,398
Repurchase of common stock (773) (890) (561)
Due to subsidiaries, net 711 (52) 109
Net cash provided by financing activities (126) (898) 987
Net increase (decrease) in cash and cash equivalents, restricted cash and cash held at consolidated variable interest entities 544 (330) 987
Cash and cash equivalents, restricted cash and cash equivalents, and cash and cash equivalents held at consolidated variable interest entities, beginning of period 657 987 0
Cash and cash equivalents, restricted cash and cash equivalents, and cash and cash equivalents held at consolidated variable interest entities, end of period 1,201 657 987
Supplemental Disclosure of Cash Flow Information      
Cash paid for taxes 87 37 37
Cash paid for interest $ 157 $ 100 $ 14