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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2022 $ 2,937 $ 0 $ 23 $ 1,192 $ 2,518 $ (796)
Beginning balance (in shares) at Dec. 31, 2022     46,287,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 347       121 226
Common stock dividends declared (59)       (59)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     785,000      
Common stock issued under employee stock award and stock purchase plans and other $ (18) [1]   $ 1 [1] (21) [1] 2  
Common stock repurchases (in shares) (1,500,000)   (1,545,000)      
Common stock repurchases $ (133)   $ (1) (39) (93)  
Share-based compensation 22     22    
Ending balance at Jun. 30, 2023 3,096 0 $ 23 1,154 2,489 (570)
Ending balance (in shares) at Jun. 30, 2023     45,527,000      
Beginning balance at Mar. 31, 2023 3,005 0 $ 23 1,168 2,596 (782)
Beginning balance (in shares) at Mar. 31, 2023     46,492,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 194       (18) 212
Common stock dividends declared (29)       (29)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [2]     115,000      
Common stock issued under employee stock award and stock purchase plans and other [2] $ 3   $ 1 2    
Common stock repurchases (in shares) (1,100,000)   (1,080,000)      
Common stock repurchases $ (88)   $ (1) (27) (60)  
Share-based compensation 11     11    
Ending balance at Jun. 30, 2023 3,096 0 $ 23 1,154 2,489 (570)
Ending balance (in shares) at Jun. 30, 2023     45,527,000      
Beginning balance at Dec. 31, 2023 $ 3,069 0 $ 22 1,148 2,554 (655)
Beginning balance (in shares) at Dec. 31, 2023 43,902,065   43,902,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income $ 196       212 (16)
Common stock dividends declared (64)       (64)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     561,000      
Common stock issued under employee stock award and stock purchase plans and other [1] $ 0   $ 1 (1)    
Common stock repurchases (in shares) (1,200,000)   (1,180,000)      
Common stock repurchases $ (141)   $ (1) (27) (113)  
Share-based compensation 21     21    
Ending balance at Jun. 30, 2024 $ 3,081 0 $ 22 1,141 2,589 (671)
Ending balance (in shares) at Jun. 30, 2024 43,283,183   43,283,000      
Beginning balance at Mar. 31, 2024 $ 3,065 0 $ 22 1,129 2,568 (654)
Beginning balance (in shares) at Mar. 31, 2024     43,829,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 110       127 (17)
Common stock dividends declared (32)       (32)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [2]     183,000      
Common stock issued under employee stock award and stock purchase plans and other [2] $ 17   $ 1 16    
Common stock repurchases (in shares) (700,000)   (729,000)      
Common stock repurchases $ (90)   $ (1) (15) (74)  
Share-based compensation 11     11    
Ending balance at Jun. 30, 2024 $ 3,081 $ 0 $ 22 $ 1,141 $ 2,589 $ (671)
Ending balance (in shares) at Jun. 30, 2024 43,283,183   43,283,000      
[1] Net of common shares delivered as payment for the exercise price or to satisfy the holders' withholding tax liability upon exercise of options.
[2] Net of common shares delivered as payment for the exercise price or to satisfy the holders' withholding tax liability upon exercise of options.