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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 499       282 217
Common stock dividends declared (93)       (93)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     1,066,000      
Common stock issued under employee stock award and stock purchase plans and other [1] $ 3   $ 1   2  
Common stock repurchases (in shares) (3,000,000.0)   (3,031,000)      
Common stock repurchases $ (282)   $ (2) (76) (204)  
Share-based compensation 33     33    
Ending balance at Sep. 30, 2023 3,097 0 $ 22 1,149 2,505 (579)
Ending balance (in shares) at Sep. 30, 2023     44,322,000      
Beginning balance at Jun. 30, 2023 3,096 0 $ 23 1,154 2,489 (570)
Beginning balance (in shares) at Jun. 30, 2023     45,527,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 152       161 (9)
Common stock dividends declared (34)       (34)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [2]     281,000      
Common stock issued under employee stock award and stock purchase plans and other [2] $ 21     21    
Common stock repurchases (in shares) (1,500,000)   (1,486,000)      
Common stock repurchases $ (149)   $ (1) (37) (111)  
Share-based compensation 11     11    
Ending balance at Sep. 30, 2023 3,097 0 $ 22 1,149 2,505 (579)
Ending balance (in shares) at Sep. 30, 2023     44,322,000      
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 $ 331       354 (23)
Common stock dividends declared (100)       (100)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     611,000      
Common stock issued under employee stock award and stock purchase plans and other [1] $ 6     6    
Common stock repurchases (in shares) (2,200,000)   (2,223,000)      
Common stock repurchases $ (282)   $ (1) (50) (231)  
Share-based compensation 32     32    
Ending balance at Sep. 30, 2024 $ 3,056 0 $ 21 1,136 2,577 (678)
Ending balance (in shares) at Sep. 30, 2024 42,290,213   42,290,000      
Beginning balance at Jun. 30, 2024 $ 3,081 0 $ 22 1,141 2,589 (671)
Beginning balance (in shares) at Jun. 30, 2024     43,283,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 135       142 (7)
Common stock dividends declared (36)       (36)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [2]     50,000      
Common stock issued under employee stock award and stock purchase plans and other [2] $ 6   $ (1) 7    
Common stock repurchases (in shares) (1,100,000)   (1,043,000)      
Common stock repurchases $ (141)     (23) (118)  
Share-based compensation 11     11    
Ending balance at Sep. 30, 2024 $ 3,056 $ 0 $ 21 $ 1,136 $ 2,577 $ (678)
Ending balance (in shares) at Sep. 30, 2024 42,290,213   42,290,000      
[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.