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Consolidated Statement of Changes in Equity - USD ($)
$ in Millions
Total
Series C Preferred Stock
Total Stockholders' Equity
Total Stockholders' Equity
Series C Preferred Stock
Preferred Stock
Preferred Stock
Series C Preferred Stock
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest in Subsidiary
Beginning balance at Dec. 31, 2021 $ 8,292   $ 8,291   $ 2,000   $ 5 $ (1,558) $ 9,824 $ (1,964) $ (16) $ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Stock repurchases (1,837)   (1,837)         (1,837)        
Effects of stock-based incentive compensation plans 103   103           103      
Net income (loss) (1,210)   (1,227)             (1,227)   17
Dividends declared on common stock (302)   (302)             (302)    
Dividends declared on preferred stock (151)   (151)             (151)    
Change in accumulated other comprehensive income (loss) 23   23               23  
Other 0   2           1 1   (2)
Ending balance at Dec. 31, 2022 4,918   4,902   2,000   5 (3,395) 9,928 (3,643) 7 16
Beginning balance at Dec. 31, 2021 8,292   8,291   2,000   5 (1,558) 9,824 (1,964) (16) 1
Ending balance at Dec. 31, 2024 5,583   5,570   2,476   5 (5,912) 9,435 (454) 20 13
Beginning balance at Dec. 31, 2022 4,918   4,902   2,000   5 (3,395) 9,928 (3,643) 7 16
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Series C Preferred Stock issued   $ 476   $ 476   $ 476            
Stock repurchases (1,267)   (1,267)         (1,267)        
Effects of stock-based incentive compensation plans 168   168           168      
Net income (loss) 1,492   1,493             1,493   (1)
Dividends declared on common stock (313)   (313)             (313)    
Dividends declared on preferred stock (150)   (150)             (150)    
Change in accumulated other comprehensive income (loss) (1)   (1)               (1)  
Other (1)   (1)           (1) 0   0
Ending balance at Dec. 31, 2023 5,322   5,307   2,476   5 (4,662) 10,095 (2,613) 6 15
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Stock repurchases (1,250)   (1,250)         (1,250)        
Effects of stock-based incentive compensation plans 140   140           140      
Net income (loss) 2,812                      
Net Income 2,761   2,659             2,659   102
Dividends declared on common stock (307)   (307)             (307)    
Dividends declared on preferred stock (192)   (192)             (192)    
Dividends to noncontrolling interest (15)                     (15)
Change in accumulated other comprehensive income (loss) 14   14               14  
Equity issued in subsidiary to acquire Energy Harbor 2,307   747           747     1,560
Modification of noncontrolling interest to redeemable noncontrolling interest [1] (3,198)   (1,539)           (1,539)     (1,659)
Other 1   (9)           (8) (1)   10
Ending balance at Dec. 31, 2024 $ 5,583   $ 5,570   $ 2,476   $ 5 $ (5,912) $ 9,435 $ (454) $ 20 $ 13
[1] See Note 2 for additional information regarding activity associated with noncontrolling interest.