Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Summarized Financial Information Reportable Segments

Summarized financial information concerning the Company’s reportable segments is shown in the following table.

	Year Ended December 31, 2025
(in millions)	Retail		Specialty Distribution		Total
Total segment revenues	$	3,406	$	2,409	$	5,815
Reconciliation of revenues
Other (1)						87
Total consolidated revenues					$	5,902
Less: (2)
Employee compensation and benefits		1,848		919
Other operating expenses		563		458
(Gain)/loss on disposal		2		—
Depreciation and amortization		250		112
Interest expense		28		38
Change in estimated acquisition earn-out payables		8		17
Segment Income before income taxes	$	707	$	865	$	1,572
Reconciliation of income before income taxes
Other (1)						(201	)
Consolidated Income before income taxes					$	1,371

	Year Ended December 31, 2024
(in millions)	Retail			Specialty Distribution			Total
Total segment revenues	$	2,729		$	2,016		$	4,745
Reconciliation of revenues
Other (1)								60
Total consolidated revenues							$	4,805
Less: (2)
Employee compensation and benefits		1,462			772
Other operating expenses		449			382
(Gain)/loss on disposal		(3	)		(28	)
Depreciation and amortization		140			77
Interest expense		71			41
Change in estimated acquisition earn-out payables		8			(6	)
Segment Income before income taxes	$	602		$	778		$	1,380
Reconciliation of income before income taxes
Other (1)								(77	)
Consolidated Income before income taxes							$	1,303

	Year Ended December 31, 2023
(in millions)	Retail			Specialty Distribution			Total
Total segment revenues	$	2,508		$	1,714		$	4,222
Reconciliation of revenues
Other (1)								35
Total consolidated revenues							$	4,257
Less: (2)
Employee compensation and benefits		1,336			709
Other operating expenses		421			332
(Gain)/loss on disposal		(3	)		(141	)
Depreciation and amortization		131			69
Interest expense		85			48
Change in estimated acquisition earn-out payables		1			20
Segment Income before income taxes	$	537		$	677		$	1,214
Reconciliation of income before income taxes
Other (1)								(68	)
Consolidated Income before income taxes							$	1,146

(1) "Other" includes any income and expenses not allocated to reportable segments and corporate-related items.

(2) Significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.