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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, 2023 $ 3,069 $ 0 $ 22 $ 1,148 $ 2,554 $ (655)
Beginning balance (in shares) at Dec. 31, 2023     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     43,283,000      
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     43,283,000      
Beginning balance at Dec. 31, 2024 $ 3,117 0 $ 21 1,144 2,644 (692)
Beginning balance (in shares) at Dec. 31, 2024 42,080,039   42,080,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income $ 284       228 56
Common stock dividends declared (69)       (69)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     412,000      
Common stock issued under employee stock award and stock purchase plans and other [1] $ (16)     (16)    
Common stock repurchases (in shares) (1,700,000)   (1,701,000)      
Common stock repurchases $ (261)   $ (1) (47) (213)  
Share-based compensation 19     19    
Ending balance at Jun. 30, 2025 $ 3,074 0 $ 20 1,100 2,590 (636)
Ending balance (in shares) at Jun. 30, 2025 40,790,636   40,791,000      
Beginning balance at Mar. 31, 2025 $ 3,003 0 $ 21 1,098 2,569 (685)
Beginning balance (in shares) at Mar. 31, 2025     41,341,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 180       131 49
Common stock dividends declared (34)       (34)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [2]     95,000      
Common stock issued under employee stock award and stock purchase plans and other [2] $ 6   $ (1) 7    
Common stock repurchases (in shares) (600,000)   (645,000)      
Common stock repurchases $ (94)     (18) (76)  
Share-based compensation 13     13    
Ending balance at Jun. 30, 2025 $ 3,074 $ 0 $ 20 $ 1,100 $ 2,590 $ (636)
Ending balance (in shares) at Jun. 30, 2025 40,790,636   40,791,000      
[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.