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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock [Member]
Retained Earnings [Member]
Beginning Balance (in shares) at Dec. 31, 2023   78,075  
Shares issued   627  
Ending Balance (in shares) at Jun. 30, 2024   78,702  
Beginning Balance at Dec. 31, 2023   $ 1,644 $ 841
Equity compensation expense   6  
Issuance of common stock, net of issuance costs   18  
Payment of minimum tax withholdings for share-based payment awards   (2)  
Net income $ 94   94
Dividends on common stock     (74)
Ending Balance at Jun. 30, 2024 $ 2,527 $ 1,666 861
Dividends declared per common share $ 0.95    
Beginning Balance (in shares) at Mar. 31, 2024   78,187  
Shares issued   515  
Ending Balance (in shares) at Jun. 30, 2024   78,702  
Beginning Balance at Mar. 31, 2024   $ 1,645 875
Equity compensation expense   4  
Issuance of common stock, net of issuance costs   17  
Net income $ 23   23
Dividends on common stock     (37)
Ending Balance at Jun. 30, 2024 $ 2,527 $ 1,666 861
Dividends declared per common share $ 0.475    
Beginning Balance (in shares) at Dec. 31, 2024 80,039 80,039  
Shares issued 900 1,070  
Ending Balance (in shares) at Jun. 30, 2025 81,109 81,109  
Beginning Balance at Dec. 31, 2024 $ 2,591 $ 1,720 871
Equity compensation expense   7  
Issuance of common stock, net of issuance costs   35  
Payment of minimum tax withholdings for share-based payment awards   (2)  
Net income 93   93
Dividends on common stock     (79)
Ending Balance at Jun. 30, 2025 $ 2,645 $ 1,760 885
Dividends declared per common share $ 0.98    
Beginning Balance (in shares) at Mar. 31, 2025   80,561  
Shares issued 500 548  
Ending Balance (in shares) at Jun. 30, 2025 81,109 81,109  
Beginning Balance at Mar. 31, 2025   $ 1,737 912
Equity compensation expense   4  
Issuance of common stock, net of issuance costs   19  
Net income $ 14   14
Dividends on common stock     (41)
Ending Balance at Jun. 30, 2025 $ 2,645 $ 1,760 $ 885
Dividends declared per common share $ 0.49