2024 Q3 Form 10-Q Financial Statement

#000082002724000079 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $4.560B $4.392B
YoY Change 11.87% 9.61%
Cost Of Revenue $2.250B $2.138B
YoY Change 1775.0% 14.52%
Gross Profit $2.310B $2.254B
YoY Change -41.61% 5.33%
Gross Profit Margin 50.66% 51.32%
Selling, General & Admin $975.0M $957.0M
YoY Change 2.63% -1.03%
% of Gross Profit 42.21% 42.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.012B $1.010B
YoY Change 1.2% -1.75%
Operating Profit $1.298B $1.244B
YoY Change -56.09% 11.87%
Interest Expense -$653.0M -$193.0M
YoY Change 159.13% -1386.67%
% of Operating Profit -50.31% -15.51%
Other Income/Expense, Net
YoY Change
Pretax Income $645.0M $1.051B
YoY Change -42.26% -6.74%
Income Tax $134.0M $222.0M
% Of Pretax Income 20.78% 21.12%
Net Earnings $511.0M $829.0M
YoY Change -41.4% -6.85%
Net Earnings / Revenue 11.21% 18.88%
Basic Earnings Per Share $5.09 $8.16
Diluted Earnings Per Share $5.00 $8.02
COMMON SHARES
Basic Shares Outstanding 98.19M shares 99.32M shares
Diluted Shares Outstanding 102.2M shares 103.4M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.70B $7.868B
YoY Change 50.67% 5.22%
Cash & Equivalents $10.58B $7.517B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $14.77B $14.82B
Other Receivables $18.00M $30.00M
Total Short-Term Assets $25.49B $22.72B
YoY Change 16.21% 0.67%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $58.95B $58.14B
YoY Change 8.83% 8.54%
Other Assets $3.947B $4.067B
YoY Change -8.08% -6.48%
Total Long-Term Assets $160.5B $157.0B
YoY Change 12.07% 6.63%
TOTAL ASSETS
Total Short-Term Assets $25.49B $22.72B
Total Long-Term Assets $160.5B $157.0B
Total Assets $186.0B $179.7B
YoY Change 12.62% 5.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.581B $2.386B
YoY Change 11.88% 8.7%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $36.53B $36.44B
YoY Change 0.61% 1.84%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $39.11B $38.82B
YoY Change 1.29% 2.24%
LONG-TERM LIABILITIES
Long-Term Debt $5.665B $5.782B
YoY Change -1.97% -0.67%
Other Long-Term Liabilities $135.5B $130.1B
YoY Change 15.87% 6.72%
Total Long-Term Liabilities $141.1B $135.9B
YoY Change 15.03% 6.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.11B $38.82B
Total Long-Term Liabilities $141.1B $135.9B
Total Liabilities $180.3B $174.7B
YoY Change 11.74% 5.44%
SHAREHOLDERS EQUITY
Retained Earnings $23.79B $23.43B
YoY Change 9.79% 11.89%
Common Stock $10.05B $9.990B
YoY Change 3.14% 3.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.715B $4.993B
YoY Change
Total Liabilities & Shareholders Equity $186.0B $179.7B
YoY Change 12.62% 5.84%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $511.0M $829.0M
YoY Change -41.4% -6.85%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $3.048B $1.720B
YoY Change 229.51% 206.6%
INVESTING ACTIVITIES
Capital Expenditures $49.00M $17.00M
YoY Change -2.0% -60.47%
Acquisitions
YoY Change
Other Investing Activities $684.0M $183.0M
YoY Change -153.77% -106.46%
Cash From Investing Activities $635.0M $166.0M
YoY Change -148.03% -105.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.173B -1.103B
YoY Change 264.29% -192.69%
NET CHANGE
Cash From Operating Activities 3.048B 1.720B
Cash From Investing Activities 635.0M 166.0M
Cash From Financing Activities -1.173B -1.103B
Net Change In Cash 2.510B 783.0M
YoY Change -449.1% -169.72%
FREE CASH FLOW
Cash From Operating Activities $3.048B $1.720B
Capital Expenditures $49.00M $17.00M
Free Cash Flow $2.999B $1.703B
YoY Change 242.74% 228.76%

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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Net Premium Original Discount Rate Before Cash Flow And Reinsurance
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Net Premium Cumulative Increase Decrease From Cash Flow Change
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Net Premium Cumulative Increase Decrease Of Actual Variance From Expected Experience
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us-gaap Liability For Future Policy Benefit Expected Net Premium Issuance
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us-gaap Liability For Future Policy Benefit Expected Net Premium Interest Income
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us-gaap Liability For Future Policy Benefit Expected Net Premium Derecognition
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CY2024Q2 us-gaap Aoci Liability For Future Policy Benefit Expected Net Premium Before Tax
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CY2024Q2 us-gaap Liability For Future Policy Benefit Expected Net Premium Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Original Discount Rate Before Cash Flow And Reinsurance
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease Of Actual Variance From Expected Experience
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Future Benefit Original Discount Rate Before Reinsurance After Cash Flow Change
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us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Issuance
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us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Interest Expense
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CY2024Q2 us-gaap Aoci Liability For Future Policy Benefit Expected Future Policy Benefit Before Tax
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CY2024Q2 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
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CY2024Q2 amp Liability For Future Policy Benefit Before Reinsurance Reserve
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CY2024Q2 us-gaap Liability For Future Policy Benefit After Reinsurance
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CY2024Q2 us-gaap Liability For Future Policy Benefit Expected Future Gross Premium Discounted Before Reinsurance
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CY2023 us-gaap Liability For Future Policy Benefit Expected Net Premium Issuance
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CY2023 us-gaap Liability For Future Policy Benefit Expected Net Premium Interest Income
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CY2023 us-gaap Liability For Future Policy Benefit Expected Net Premium Net Premium Collected
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CY2023 us-gaap Liability For Future Policy Benefit Expected Net Premium Derecognition
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Net Premium Original Discount Rate Before Cash Flow And Reinsurance
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CY2023Q4 us-gaap Aoci Liability For Future Policy Benefit Expected Net Premium Before Tax
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Net Premium Before Reinsurance After Discount Rate Change
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CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
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CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Original Discount Rate Before Cash Flow And Reinsurance
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CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease From Cash Flow Change
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CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease Of Actual Variance From Expected Experience
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CY2023 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Issuance
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CY2023 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Interest Expense
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense
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CY2023 us-gaap Liability For Future Policy Benefits Payment For Benefits
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CY2023 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Derecognition
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Original Discount Rate Before Cash Flow And Reinsurance
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CY2023Q4 us-gaap Aoci Liability For Future Policy Benefit Expected Future Policy Benefit Before Tax
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
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CY2023Q4 amp Liability For Future Policy Benefit Adjustment Due To Reserve Flooring
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CY2023Q4 amp Liability For Future Policy Benefit Before Reinsurance Reserve
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CY2023Q4 us-gaap Liability For Future Policy Benefit Reinsurance Recoverable After Allowance
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CY2023Q4 us-gaap Liability For Future Policy Benefit After Reinsurance
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Future Gross Premium Discounted Before Reinsurance
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Future Gross Premium Undiscounted Before Reinsurance
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CY2023Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Undiscounted Before Reinsurance
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CY2023Q4 us-gaap Additional Liability Long Duration Insurance Before Reinsurance After Discount Rate Change
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us-gaap Additional Liability Long Duration Insurance Interest Income Expense
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us-gaap Additional Liability Long Duration Insurance Issuance
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us-gaap Additional Liability Long Duration Insurance Benefit Payment
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CY2024Q2 us-gaap Additional Liability Long Duration Insurance Cumulative Increase Decrease Of Actual Variance From Expected Experience
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us-gaap Additional Liability Long Duration Insurance Increase Decrease From Discount Rate Change
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CY2024Q2 us-gaap Additional Liability Long Duration Insurance Before Reinsurance After Discount Rate Change
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CY2022Q4 us-gaap Additional Liability Long Duration Insurance Before Reinsurance After Discount Rate Change
AdditionalLiabilityLongDurationInsuranceBeforeReinsuranceAfterDiscountRateChange
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CY2023 us-gaap Additional Liability Long Duration Insurance Interest Income Expense
AdditionalLiabilityLongDurationInsuranceInterestIncomeExpense
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CY2023 us-gaap Additional Liability Long Duration Insurance Issuance
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CY2023 us-gaap Additional Liability Long Duration Insurance Benefit Payment
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CY2023Q4 us-gaap Additional Liability Long Duration Insurance Cumulative Increase Decrease Of Actual Variance From Expected Experience
AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience
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CY2023 us-gaap Additional Liability Long Duration Insurance Increase Decrease From Discount Rate Change
AdditionalLiabilityLongDurationInsuranceIncreaseDecreaseFromDiscountRateChange
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CY2023Q4 us-gaap Additional Liability Long Duration Insurance Before Reinsurance After Discount Rate Change
AdditionalLiabilityLongDurationInsuranceBeforeReinsuranceAfterDiscountRateChange
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us-gaap Liability For Future Policy Benefit Gross Premium Income
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us-gaap Liability For Future Policy Benefit Interest Expense
LiabilityForFuturePolicyBenefitInterestExpense
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CY2023 us-gaap Liability For Future Policy Benefit Gross Premium Income
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CY2023 us-gaap Liability For Future Policy Benefit Interest Expense
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CY2023Q4 us-gaap Deferred Income
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us-gaap Deferred Income Addition
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us-gaap Deferred Income Revenue Recognized
DeferredIncomeRevenueRecognized
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CY2024Q2 us-gaap Deferred Income
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CY2022Q4 us-gaap Deferred Income
DeferredIncome
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CY2023 us-gaap Deferred Income Addition
DeferredIncomeAddition
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CY2023 us-gaap Deferred Income Revenue Recognized
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CY2023Q4 us-gaap Deferred Income
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CY2024Q2 us-gaap Separate Account Assets
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CY2023Q4 us-gaap Separate Account Assets
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CY2023Q4 us-gaap Separate Accounts Liability
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us-gaap Separate Account Liability Premium And Deposit
SeparateAccountLiabilityPremiumAndDeposit
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us-gaap Separate Account Liability Policy Charge
SeparateAccountLiabilityPolicyCharge
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3826000000 usd
us-gaap Separate Account Liability Increase Decrease From Invested Performance
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5514000000 usd
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us-gaap Separate Account Liability Increase Decrease From Other Change
SeparateAccountLiabilityIncreaseDecreaseFromOtherChange
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CY2024Q2 us-gaap Separate Accounts Liability
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CY2024Q2 us-gaap Separate Account Liability Cash Surrender Value Amount
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CY2022Q4 us-gaap Separate Accounts Liability
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CY2023 us-gaap Separate Account Liability Premium And Deposit
SeparateAccountLiabilityPremiumAndDeposit
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CY2023 us-gaap Separate Account Liability Policy Charge
SeparateAccountLiabilityPolicyCharge
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CY2023 amp Separate Account Liability Surrender And Withdrawal Net Of Benefit Payment
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CY2023 us-gaap Separate Account Liability Increase Decrease From Invested Performance
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CY2023 amp Transfer To From Policyholder Account Balance To From Separate Account Net Of Policy Loan Activity
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CY2023 us-gaap Separate Account Liability Increase Decrease From Other Change
SeparateAccountLiabilityIncreaseDecreaseFromOtherChange
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CY2023Q4 us-gaap Separate Accounts Liability
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CY2023Q4 us-gaap Separate Account Liability Cash Surrender Value Amount
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CY2024Q1 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
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CY2023Q1 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
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CY2023Q4 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
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CY2022Q4 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
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CY2024Q2 us-gaap Market Risk Benefit Issuance
MarketRiskBenefitIssuance
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CY2023Q2 us-gaap Market Risk Benefit Issuance
MarketRiskBenefitIssuance
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us-gaap Market Risk Benefit Issuance
MarketRiskBenefitIssuance
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us-gaap Market Risk Benefit Issuance
MarketRiskBenefitIssuance
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CY2024Q2 us-gaap Market Risk Benefit Interest Expense
MarketRiskBenefitInterestExpense
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CY2023Q2 us-gaap Market Risk Benefit Interest Expense
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us-gaap Market Risk Benefit Interest Expense
MarketRiskBenefitInterestExpense
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us-gaap Market Risk Benefit Interest Expense
MarketRiskBenefitInterestExpense
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CY2024Q2 us-gaap Market Risk Benefit Attributed Fee Collected
MarketRiskBenefitAttributedFeeCollected
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CY2023Q2 us-gaap Market Risk Benefit Attributed Fee Collected
MarketRiskBenefitAttributedFeeCollected
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us-gaap Market Risk Benefit Attributed Fee Collected
MarketRiskBenefitAttributedFeeCollected
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us-gaap Market Risk Benefit Attributed Fee Collected
MarketRiskBenefitAttributedFeeCollected
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CY2024Q2 us-gaap Market Risk Benefit Benefit Payment
MarketRiskBenefitBenefitPayment
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CY2023Q2 us-gaap Market Risk Benefit Benefit Payment
MarketRiskBenefitBenefitPayment
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us-gaap Market Risk Benefit Benefit Payment
MarketRiskBenefitBenefitPayment
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us-gaap Market Risk Benefit Benefit Payment
MarketRiskBenefitBenefitPayment
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CY2024Q2 us-gaap Market Risk Benefit Increase Decrease From Interest Rate Change
MarketRiskBenefitIncreaseDecreaseFromInterestRateChange
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CY2023Q2 us-gaap Market Risk Benefit Increase Decrease From Interest Rate Change
MarketRiskBenefitIncreaseDecreaseFromInterestRateChange
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us-gaap Market Risk Benefit Increase Decrease From Interest Rate Change
MarketRiskBenefitIncreaseDecreaseFromInterestRateChange
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us-gaap Market Risk Benefit Increase Decrease From Interest Rate Change
MarketRiskBenefitIncreaseDecreaseFromInterestRateChange
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CY2024Q2 us-gaap Market Risk Benefit Increase Decrease From Equity Market Change
MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange
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CY2023Q2 us-gaap Market Risk Benefit Increase Decrease From Equity Market Change
MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange
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us-gaap Market Risk Benefit Increase Decrease From Equity Market Change
MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange
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us-gaap Market Risk Benefit Increase Decrease From Equity Market Change
MarketRiskBenefitIncreaseDecreaseFromEquityMarketChange
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CY2024Q2 us-gaap Market Risk Benefit Increase Decrease From Volatility
MarketRiskBenefitIncreaseDecreaseFromVolatility
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CY2023Q2 us-gaap Market Risk Benefit Increase Decrease From Volatility
MarketRiskBenefitIncreaseDecreaseFromVolatility
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us-gaap Market Risk Benefit Increase Decrease From Volatility
MarketRiskBenefitIncreaseDecreaseFromVolatility
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us-gaap Market Risk Benefit Increase Decrease From Volatility
MarketRiskBenefitIncreaseDecreaseFromVolatility
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CY2024Q2 us-gaap Market Risk Benefit Increase Decrease From Future Expected Policyholder Behavior Assumption
MarketRiskBenefitIncreaseDecreaseFromFutureExpectedPolicyholderBehaviorAssumption
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CY2023Q2 us-gaap Market Risk Benefit Increase Decrease From Future Expected Policyholder Behavior Assumption
MarketRiskBenefitIncreaseDecreaseFromFutureExpectedPolicyholderBehaviorAssumption
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us-gaap Market Risk Benefit Increase Decrease From Future Expected Policyholder Behavior Assumption
MarketRiskBenefitIncreaseDecreaseFromFutureExpectedPolicyholderBehaviorAssumption
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us-gaap Market Risk Benefit Increase Decrease From Future Expected Policyholder Behavior Assumption
MarketRiskBenefitIncreaseDecreaseFromFutureExpectedPolicyholderBehaviorAssumption
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CY2024Q2 us-gaap Oci Market Risk Benefit Instrument Specific Credit Risk Gain Loss Before Adjustments And Tax
OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossBeforeAdjustmentsAndTax
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CY2023Q2 us-gaap Oci Market Risk Benefit Instrument Specific Credit Risk Gain Loss Before Adjustments And Tax
OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossBeforeAdjustmentsAndTax
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us-gaap Oci Market Risk Benefit Instrument Specific Credit Risk Gain Loss Before Adjustments And Tax
OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossBeforeAdjustmentsAndTax
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us-gaap Oci Market Risk Benefit Instrument Specific Credit Risk Gain Loss Before Adjustments And Tax
OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossBeforeAdjustmentsAndTax
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CY2024Q2 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
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CY2023Q2 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
360000000 usd
CY2024Q2 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
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CY2023Q2 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
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CY2024Q2 us-gaap Market Risk Benefit Asset Amount
MarketRiskBenefitAssetAmount
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CY2023Q2 us-gaap Market Risk Benefit Asset Amount
MarketRiskBenefitAssetAmount
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CY2024Q2 us-gaap Market Risk Benefit Asset Amount
MarketRiskBenefitAssetAmount
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CY2023Q2 us-gaap Market Risk Benefit Asset Amount
MarketRiskBenefitAssetAmount
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CY2024Q2 us-gaap Market Risk Benefit Liability Amount
MarketRiskBenefitLiabilityAmount
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CY2023Q2 us-gaap Market Risk Benefit Liability Amount
MarketRiskBenefitLiabilityAmount
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CY2024Q2 us-gaap Market Risk Benefit Liability Amount
MarketRiskBenefitLiabilityAmount
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CY2023Q2 us-gaap Market Risk Benefit Liability Amount
MarketRiskBenefitLiabilityAmount
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CY2024Q2 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
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CY2023Q2 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
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CY2024Q2 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
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CY2023Q2 us-gaap Market Risk Benefit After Increase Decrease From Instrument Specific Credit Risk
MarketRiskBenefitAfterIncreaseDecreaseFromInstrumentSpecificCreditRisk
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CY2024Q2 us-gaap Net Amount At Risk By Product And Guarantee Weighted Average Attained Age1
NetAmountAtRiskByProductAndGuaranteeWeightedAverageAttainedAge1
P69Y
CY2023Q2 us-gaap Net Amount At Risk By Product And Guarantee Weighted Average Attained Age1
NetAmountAtRiskByProductAndGuaranteeWeightedAverageAttainedAge1
P68Y
us-gaap Net Amount At Risk By Product And Guarantee Weighted Average Attained Age1
NetAmountAtRiskByProductAndGuaranteeWeightedAverageAttainedAge1
P69Y
us-gaap Net Amount At Risk By Product And Guarantee Weighted Average Attained Age1
NetAmountAtRiskByProductAndGuaranteeWeightedAverageAttainedAge1
P68Y
CY2024Q2 amp Market Risk Benefit Change In Unrealized Gains Losses
MarketRiskBenefitChangeInUnrealizedGainsLosses
402000000 usd
CY2023Q2 amp Market Risk Benefit Change In Unrealized Gains Losses
MarketRiskBenefitChangeInUnrealizedGainsLosses
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MarketRiskBenefitChangeInUnrealizedGainsLosses
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amp Market Risk Benefit Change In Unrealized Gains Losses
MarketRiskBenefitChangeInUnrealizedGainsLosses
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CY2024Q2 amp Oci Market Risk Benefit Change In Unrealized Gains Losses
OCIMarketRiskBenefitChangeInUnrealizedGainsLosses
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CY2023Q2 amp Oci Market Risk Benefit Change In Unrealized Gains Losses
OCIMarketRiskBenefitChangeInUnrealizedGainsLosses
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amp Oci Market Risk Benefit Change In Unrealized Gains Losses
OCIMarketRiskBenefitChangeInUnrealizedGainsLosses
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7000000 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
8000000 usd
CY2024Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
29000000 usd
CY2023Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
26000000 usd
CY2024Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
43000000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
0 usd
CY2023Q4 us-gaap Loss Contingency Undiscounted Amount Of Insurance Related Assessment Liability
LossContingencyUndiscountedAmountOfInsuranceRelatedAssessmentLiability
34000000 usd
CY2024Q2 us-gaap Loss Contingency Undiscounted Amount Of Insurance Related Assessment Liability
LossContingencyUndiscountedAmountOfInsuranceRelatedAssessmentLiability
34000000 usd
CY2024Q2 us-gaap Loss Contingency Accrual Insurance Related Assessment Premium Tax Offset
LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset
29000000 usd
CY2023Q4 us-gaap Loss Contingency Accrual Insurance Related Assessment Premium Tax Offset
LossContingencyAccrualInsuranceRelatedAssessmentPremiumTaxOffset
29000000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
829000000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
829000000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
890000000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
890000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1819000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1819000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1307000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1307000000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101600000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107100000 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1800000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000.0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1800000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2100000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103400000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104000000.0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109200000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.16
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
17.80
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
12.20
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.02
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
17.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.97
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2024Q2 us-gaap Assets
Assets
179700000000 usd
CY2023Q4 us-gaap Assets
Assets
175191000000 usd
CY2024Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
4220000000 usd
CY2023Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
3876000000 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
8366000000 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
7618000000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1051000000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1127000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2270000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1623000000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.199
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.195
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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