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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Series A Preferred Stock
Additional Paid-in Capital
Additional Paid-in Capital
Series A Preferred Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Non-controlling Interests
Balance, beginning at Dec. 31, 2022 $ 2,405   $ 3,162   $ 2,061 $ (2,818) $ 0 $ 0
Treasury stock purchased (18)           (18)  
Stock-based compensation 16   16          
Common stock dividends declared (50)       (50)      
Other comprehensive income (loss) (222)         (222)    
Net earnings (loss) 241       241      
Balance, ending at Sep. 30, 2023 2,372   3,178   2,252 (3,040) (18) 0
Balance, beginning at Jun. 30, 2023 2,518   3,173   1,971 (2,610) (16) 0
Treasury stock purchased (2)           (2)  
Stock-based compensation 5   5          
Common stock dividends declared (25)       (25)      
Other comprehensive income (loss) (430)         (430)    
Net earnings (loss) 306       306      
Balance, ending at Sep. 30, 2023 2,372   3,178   2,252 (3,040) (18) 0
Balance, beginning at Dec. 31, 2023 3,103   3,185   1,926 (1,990) (18) 0
Acquisition of non-controlling interest 136             136
Issuance of Preferred Stock   $ 250   $ 250        
Treasury stock purchased (6)           (6)  
Stock-based compensation 21   21          
Preferred stock dividends declared (13)       (13)      
Common stock dividends declared (80)       (80)      
Dividends declared and distributions to non-controlling interests (10)             (10)
Other comprehensive income (loss) 759         759    
Net earnings (loss) 315       312     3
Balance, ending at Sep. 30, 2024 4,475   3,456   2,145 (1,231) (24) 129
Balance, beginning at Jun. 30, 2024 3,788   3,449   2,182 (1,953) (24) 134
Stock-based compensation 7   7          
Preferred stock dividends declared (4)       (4)      
Common stock dividends declared (27)       (27)      
Dividends declared and distributions to non-controlling interests (6)             (6)
Other comprehensive income (loss) 722         722    
Net earnings (loss) (5)       (6)     1
Balance, ending at Sep. 30, 2024 $ 4,475   $ 3,456   $ 2,145 $ (1,231) $ (24) $ 129