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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Preferred Stock
Common Stock
Additional Paid-In Capital
Additional Paid-In Capital
Cumulative Effect, Period of Adoption, Adjustment
(Accumulated Deficit)/Retained Earnings
(Accumulated Deficit)/Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Treasury Stock
Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2020 $ 1,680   $ 0 $ 4 $ 8,517   $ (1,403)   $ (5,232) $ (206)
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) 2,187           2,187      
Other comprehensive income (loss) 80                 80
Shares reissuance for ESPP 4       1       3  
Share repurchases (44)               (44)  
Equity-based awards activity, net [1] 12       12          
Issuance of common stock 1       1          
Common stock dividends and dividend equivalents declared [2] (320)           (320)      
Ending balance at Dec. 31, 2021 3,600 $ (43) 0 4 8,531 $ (100) 464 $ 57 (5,273) (126)
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) 1,221           1,221      
Other comprehensive income (loss) (51)                 (51)
Shares reissuance for ESPP 6       2       4  
Share repurchases (595)               (595)  
Equity-based awards activity, net [1] 24       24          
Common stock dividends and dividend equivalents declared [2] (334)           (334)      
Ending balance at Dec. 31, 2022 3,828   0 4 8,457   1,408   (5,864) (177)
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) (202)           (202)      
Issuance of Series A Preferred Stock 635   650   (15)          
Other comprehensive income (loss) 39                 39
Shares reissuance for ESPP 8       2       6  
Share repurchases [3] (1,160)       (117)       (1,043)  
Retirement of treasury stock       (1) (5,008)       5,009  
Equity-based awards activity, net [1] 97       97          
Common stock dividends and dividend equivalents declared [2] (352)           (352)      
Series A Preferred Stock dividends [4] (34)           (34)      
Noncontrolling Interest, Increase from Sale of Parent Equity Interest 47                 47
Ending balance at Dec. 31, 2023 $ 2,906   $ 650 $ 3 $ 3,416   $ 820   $ (1,892) $ (91)
[1] Includes $(22) million, $(6) million and $(9) million of equivalent shares purchased in lieu of tax withholding on equity compensation issuances for the years ended December 31, 2023, 2022 and 2021, respectively
[2] Dividends per common share were $1.51, $1.40 and $1.30 for each of the years ended December 31, 2023, 2022 and 2021, respectively
[3] Includes excise tax accrued of $10 million as of December 31, 2023
[4] Dividend per Series A Preferred Stock was $52.96