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Interim Condensed Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Common stock
Common stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Additional paid-in capital
Additional paid-in capital
Cumulative Effect, Period of Adoption, Adjustment
Additional paid-in capital
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury Stock
Treasury Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated other comprehensive loss
Accumulated other comprehensive loss
Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning Balance (in shares) at Dec. 31, 2021       50,000,000 50,000,000                    
Beginning Balance at Dec. 31, 2021 $ 1,531 $ (97) $ 1,434 $ 0 $ 0 $ 2,439 $ (131) $ 2,308 $ (790) $ (790) $ 397 $ 34 $ 431 $ (515) $ (515)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Common Stock repurchased (39)               (39)            
Net income 65                   65        
Other comprehensive income 129                         129  
Ending Balance (in shares) at Mar. 31, 2022       50,000,000                      
Ending Balance at Mar. 31, 2022 1,589     $ 0   2,308     (829)   496     (386)  
Beginning Balance (in shares) at Dec. 31, 2021       50,000,000 50,000,000                    
Beginning Balance at Dec. 31, 2021 1,531 $ (97) $ 1,434 $ 0 $ 0 2,439 $ (131) $ 2,308 (790) $ (790) 397 $ 34 $ 431 (515) $ (515)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 188                            
Other comprehensive income 26                            
Ending Balance (in shares) at Jun. 30, 2022       50,000,000                      
Ending Balance at Jun. 30, 2022 1,580     $ 0   2,308     (858)   619     (489)  
Beginning Balance (in shares) at Mar. 31, 2022       50,000,000                      
Beginning Balance at Mar. 31, 2022 1,589     $ 0   2,308     (829)   496     (386)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Shares granted 6               6            
Common Stock repurchased (35)               (35)            
Net income 123                   123        
Other comprehensive income (103)                         (103)  
Ending Balance (in shares) at Jun. 30, 2022       50,000,000                      
Ending Balance at Jun. 30, 2022 $ 1,580     $ 0   2,308     (858)   619     (489)  
Beginning Balance (in shares) at Dec. 31, 2022 50,257,751     50,000,000                      
Beginning Balance at Dec. 31, 2022 $ 1,827     $ 0   2,309     (931)   913     (464)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Common Stock repurchased (61)               (61)            
Net income 201                   201        
Other comprehensive income 73                         73  
Ending Balance (in shares) at Mar. 31, 2023       50,000,000                      
Ending Balance at Mar. 31, 2023 $ 2,040     $ 0   2,309     (992)   1,114     (391)  
Beginning Balance (in shares) at Dec. 31, 2022 50,257,751     50,000,000                      
Beginning Balance at Dec. 31, 2022 $ 1,827     $ 0   2,309     (931)   913     (464)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 463                            
Other comprehensive income $ 169                            
Ending Balance (in shares) at Jun. 30, 2023 50,092,669     50,000,000                      
Ending Balance at Jun. 30, 2023 $ 2,252     $ 0   2,309     (1,138) [1]   1,376     (295)  
Beginning Balance (in shares) at Mar. 31, 2023       50,000,000                      
Beginning Balance at Mar. 31, 2023 2,040     $ 0   2,309     (992)   1,114     (391)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Common Stock repurchased (146)               (146)            
Net income 262                   262        
Other comprehensive income $ 96                         96  
Ending Balance (in shares) at Jun. 30, 2023 50,092,669     50,000,000                      
Ending Balance at Jun. 30, 2023 $ 2,252     $ 0   $ 2,309     $ (1,138) [1]   $ 1,376     $ (295)  
[1] As of June 30, 2023 the Company held 829,718 shares as treasury stock.