STOCKHOLDERS’ EQUITY AND EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Change in Ownership of Consolidated Subsidiaries

The following table summarizes changes in the ownership interest in consolidated subsidiaries during the respective periods presented:


	Year Ended December 31,
	2024		2023		2022
	(In millions)
Net income (loss) attributable to the Company	$	3,338	$	3,143	$	4,386
Change in ownership of consolidated subsidiaries	(62)		77		(46)
Change from net income (loss) attributable to the Company's stockholders and transfers with non-controlling interest	$	3,276	$	3,220	$	4,340

Dividends

The following table presents dividends and distribution equivalent rights paid on the Company’s common stock during the respective periods:


	Base		Variable		Total Per Share		Total
	(In per share)						(In millions)
2024
First quarter	$	0.90	$	2.18	$	3.08	$	552
Second quarter	0.90		1.07		1.97		355
Third quarter	0.90		1.44		2.34		419
Fourth quarter	0.90		—		0.90		263
Total year-to-date	$	3.60	$	4.69	$	8.29	$	1,589

2023
First quarter	$	0.80	$	2.15	$	2.95	$	546
Second quarter	0.80		0.03		0.83		151
Third quarter	0.84		—		0.84		151
Fourth quarter	0.84		2.53		3.37		607
Total year-to-date	$	3.28	$	4.71	$	7.99	$	1,455

2022
First quarter	$	0.60	$	—	$	0.60	$	108
Second quarter	0.70		2.35		3.05		548
Third quarter	0.75		2.30		3.05		532
Fourth quarter	0.75		1.51		2.26		400
Total year-to-date	$	2.80	$	6.16	$	8.96	$	1,588

Schedule of Reconciliation of Basic and Diluted Net Income per Share

A reconciliation of the components of basic and diluted earnings (loss) per common share is presented below:


	Year Ended December 31,
	2024		2023		2022
	(In millions, except per share amounts)
Net income (loss) attributable to common shares	$	3,338	$	3,143	$	4,386
Less: distributed and undistributed earnings allocated to participating securities(1)	21		22		42
Net income (loss) attributable to common stockholders	$	3,317	$	3,121	$	4,344
Weighted average common shares outstanding:
Basic weighted average common shares outstanding	213,545		179,999		176,539
Effect of dilutive securities:
Weighted-average potential common shares issuable	—		—		—
Diluted weighted average common shares outstanding	213,545		179,999		176,539
Basic net income (loss) attributable to common shares	$	15.53	$	17.34	$	24.61
Diluted net income (loss) attributable to common shares	$	15.53	$	17.34	$	24.61

(1) Unvested restricted stock awards and performance stock awards that contain nonforfeitable distribution equivalent rights are considered participating securities and therefore are included in the earnings per share calculation pursuant to the two-class method.