Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Millions |
Total |
Series A Preferred Stock |
Preferred Stock Issued and Outstanding |
Common Stock Issued and Outstanding |
Common Stock Issued and Outstanding
Series A Preferred Stock
|
Additional Paid-In Capital |
Retained Earnings |
Accumulated Other Comprehensive Loss |
| Preferred stock, beginning balance (in shares) at Dec. 31, 2024 |
|
|
4,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 2,953
|
|
$ 0
|
$ 0
|
|
$ 3,305
|
$ 215
|
$ (567)
|
| Common stock, beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
412,167,491
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
35
|
|
|
|
|
|
35
|
|
| Fair value change - derivatives |
(12)
|
|
|
|
|
|
|
(12)
|
| Foreign currency translation adjustment |
59
|
|
|
|
|
|
|
59
|
| Series A Preferred Stock dividend (in shares) |
|
|
|
|
3,815,493
|
|
|
|
| Profit sharing plan contributions (in shares) |
|
|
|
928,483
|
|
|
|
|
| Profit sharing plan contributions |
24
|
|
|
|
|
24
|
|
|
| Share repurchases (in shares) |
|
|
|
(3,095,573)
|
|
|
|
|
| Share repurchases |
(75)
|
|
|
|
|
(75)
|
|
|
| Share-based compensation and other, net (in shares) |
|
|
|
1,444,040
|
|
|
|
|
| Share-based compensation and other, net |
(2)
|
|
|
|
|
(2)
|
|
|
| Preferred stock, ending balance (in shares) at Mar. 31, 2025 |
|
|
4,000,000
|
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
2,982
|
|
$ 0
|
$ 0
|
|
3,252
|
250
|
(520)
|
| Common stock, ending balance (in shares) at Mar. 31, 2025 |
|
|
|
415,259,934
|
|
|
|
|
| Preferred stock, beginning balance (in shares) at Dec. 31, 2024 |
|
|
4,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
2,953
|
|
$ 0
|
$ 0
|
|
3,305
|
215
|
(567)
|
| Common stock, beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
412,167,491
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
112
|
|
|
|
|
|
|
|
| Fair value change - derivatives |
(38)
|
|
|
|
|
|
|
|
| Foreign currency translation adjustment |
187
|
|
|
|
|
|
|
|
| Pension plans |
0
|
|
|
|
|
|
|
|
| Preferred stock, ending balance (in shares) at Jun. 30, 2025 |
|
|
4,000,000
|
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
3,171
|
|
$ 0
|
$ 0
|
|
3,262
|
327
|
(418)
|
| Common stock, ending balance (in shares) at Jun. 30, 2025 |
|
|
|
415,324,653
|
|
|
|
|
| Preferred stock, beginning balance (in shares) at Dec. 31, 2024 |
|
|
4,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 2,953
|
|
$ 0
|
$ 0
|
|
3,305
|
215
|
(567)
|
| Common stock, beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
412,167,491
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Series A Preferred Stock dividend (in shares) |
15,212,810
|
|
|
|
|
|
|
|
| Preferred stock, ending balance (in shares) at Dec. 31, 2025 |
|
4,000,000
|
4,000,000
|
|
|
|
|
|
| Ending balance at Dec. 31, 2025 |
$ 3,408
|
|
$ 0
|
$ 0
|
|
3,296
|
517
|
(405)
|
| Common stock, ending balance (in shares) at Dec. 31, 2025 |
|
|
|
415,915,273
|
|
|
|
|
| Preferred stock, beginning balance (in shares) at Mar. 31, 2025 |
|
|
4,000,000
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
2,982
|
|
$ 0
|
$ 0
|
|
3,252
|
250
|
(520)
|
| Common stock, beginning balance (in shares) at Mar. 31, 2025 |
|
|
|
415,259,934
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
77
|
|
|
|
|
|
77
|
|
| Fair value change - derivatives |
(26)
|
|
|
|
|
|
|
(26)
|
| Foreign currency translation adjustment |
128
|
|
|
|
|
|
|
128
|
| Pension plans |
0
|
|
|
|
|
|
|
|
| Share-based compensation and other, net (in shares) |
|
|
|
64,719
|
|
|
|
|
| Share-based compensation and other, net |
10
|
|
|
|
|
10
|
|
|
| Preferred stock, ending balance (in shares) at Jun. 30, 2025 |
|
|
4,000,000
|
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
3,171
|
|
$ 0
|
$ 0
|
|
3,262
|
327
|
(418)
|
| Common stock, ending balance (in shares) at Jun. 30, 2025 |
|
|
|
415,324,653
|
|
|
|
|
| Preferred stock, beginning balance (in shares) at Dec. 31, 2025 |
|
4,000,000
|
4,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
3,408
|
|
$ 0
|
$ 0
|
|
3,296
|
517
|
(405)
|
| Common stock, beginning balance (in shares) at Dec. 31, 2025 |
|
|
|
415,915,273
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
57
|
|
|
|
|
|
57
|
|
| Fair value change - derivatives |
24
|
|
|
|
|
|
|
24
|
| Foreign currency translation adjustment |
(16)
|
|
|
|
|
|
|
(16)
|
| Series A Preferred Stock dividend (in shares) |
|
|
|
|
15,212,810
|
|
|
|
| Profit sharing plan contributions (in shares) |
|
|
|
683,093
|
|
|
|
|
| Profit sharing plan contributions |
30
|
|
|
|
|
30
|
|
|
| Share-based compensation and other, net (in shares) |
|
|
|
1,416,813
|
|
|
|
|
| Share-based compensation and other, net |
(17)
|
|
|
|
|
(17)
|
|
|
| Preferred stock, ending balance (in shares) at Mar. 31, 2026 |
|
|
4,000,000
|
|
|
|
|
|
| Ending balance at Mar. 31, 2026 |
3,486
|
|
$ 0
|
$ 0
|
|
3,309
|
574
|
(397)
|
| Common stock, ending balance (in shares) at Mar. 31, 2026 |
|
|
|
433,227,989
|
|
|
|
|
| Preferred stock, beginning balance (in shares) at Dec. 31, 2025 |
|
4,000,000
|
4,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
3,408
|
|
$ 0
|
$ 0
|
|
3,296
|
517
|
(405)
|
| Common stock, beginning balance (in shares) at Dec. 31, 2025 |
|
|
|
415,915,273
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
156
|
|
|
|
|
|
|
|
| Fair value change - derivatives |
21
|
|
|
|
|
|
|
|
| Foreign currency translation adjustment |
(39)
|
|
|
|
|
|
|
|
| Pension plans |
11
|
|
|
|
|
|
|
|
| Preferred stock, ending balance (in shares) at Jun. 30, 2026 |
|
4,000,000
|
4,000,000
|
|
|
|
|
|
| Ending balance at Jun. 30, 2026 |
3,516
|
|
$ 0
|
$ 0
|
|
3,255
|
673
|
(412)
|
| Common stock, ending balance (in shares) at Jun. 30, 2026 |
|
|
|
431,694,335
|
|
|
|
|
| Preferred stock, beginning balance (in shares) at Mar. 31, 2026 |
|
|
4,000,000
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2026 |
3,486
|
|
$ 0
|
$ 0
|
|
3,309
|
574
|
(397)
|
| Common stock, beginning balance (in shares) at Mar. 31, 2026 |
|
|
|
433,227,989
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
99
|
|
|
|
|
|
99
|
|
| Fair value change - derivatives |
(3)
|
|
|
|
|
|
|
(3)
|
| Foreign currency translation adjustment |
(23)
|
|
|
|
|
|
|
(23)
|
| Pension plans |
11
|
|
|
|
|
|
|
11
|
| Share repurchases (in shares) |
|
|
|
(1,586,704)
|
|
|
|
|
| Share repurchases |
(66)
|
|
|
|
|
(66)
|
|
|
| Share-based compensation and other, net (in shares) |
|
|
|
53,050
|
|
|
|
|
| Share-based compensation and other, net |
12
|
|
|
|
|
12
|
|
|
| Preferred stock, ending balance (in shares) at Jun. 30, 2026 |
|
4,000,000
|
4,000,000
|
|
|
|
|
|
| Ending balance at Jun. 30, 2026 |
$ 3,516
|
|
$ 0
|
$ 0
|
|
$ 3,255
|
$ 673
|
$ (412)
|
| Common stock, ending balance (in shares) at Jun. 30, 2026 |
|
|
|
431,694,335
|
|
|
|
|