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Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2025
Equity [Abstract] |
Schedule of Common Stock Outstanding Roll Forward | The following table presents the rollforward of common shares used in calculating the weighted average shares utilized in the basic earnings per common share calculation for the periods indicated:
| Common Shares
(shares in millions) | Issued |  | Held in Treasury |  | Outstanding
Balance, January 1, 2023 | 97.8 |  |  | 0.6 |  |  | 97.2 |
Common Shares issued | 9.7 |  |  | — |  |  | 9.7 |
Common Shares acquired - share repurchase | — |  |  | 5.4 |  |  | (5.4) |
Share-based compensation programs | 2.1 |  |  | 0.7 |  |  | 1.4 |
Treasury Stock retirement | (6.0) |  |  | (6.0) |  |  | — |
Balance, December 31, 2023 | 103.6 |  |  | 0.7 |  |  | 102.9 |
Common Shares issued | 0.1 |  |  | — |  |  | 0.1 |
Common Shares acquired - share repurchase | — |  |  | 8.6 |  |  | (8.6) |
Share-based compensation programs | 1.9 |  |  | 0.8 |  |  | 1.1 |
Balance, December 31, 2024 | 105.6 |  |  | 10.1 |  |  | 95.5 |
Common Shares issued | 0.1 |  |  | — |  |  | 0.1 |
Common Shares acquired - share repurchase | — |  |  | 2.7 |  |  | (2.7) |
Share-based compensation programs | 1.7 |  |  | 0.8 |  |  | 0.9 |
Balance, December 31, 2025 | 107.4 |  |  | 13.6 |  |  | 93.8 |
Dividends Declared | Dividends declared per share of common stock were as follows for the periods indicated:
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023 |
Dividends declared per share of common stock | $ | 1.82 |  |  | $ | 1.70 |  |  | $ | 1.20 |  |
The declaration of dividends on preferred stock per share and in the aggregate were as follows for the periods indicated:
|  | Series A |  | Series B
Year Ended: |  | Per Share |  | Aggregate |  | Per Share |  | Aggregate
December 31, 2025 |  | $ | 77.58 |  |  | $ | 25 |  |  | $ | 53.50 |  |  | $ | 16 |
December 31, 2024 |  | 77.58 |  | 25 |  | 53.50 |  | 16
December 31, 2023 |  | 61.25 |  | 20 |  | 53.50 |  | 16
Accelerated Share Repurchases | The following table presents repurchases of the Company's common stock through share repurchase agreements with third-party financial institutions for the years ended December 31, 2025 and 2024. There were no repurchase agreements for the year ended December 31, 2023.
2025
Execution Date |  | Payment |  | Initial Shares Delivered |  | Closing Date |  | Additional Shares Delivered |  | Total Shares Repurchased
August 11, 2025 |  | $ | 100 |  |  | 1,127,396 |  | October 15, 2025 |  | 218,336 |  | 1,345,732
2024
Execution Date |  | Payment |  | Initial Shares Delivered |  | Closing Date |  | Additional Shares Delivered |  | Total Shares Repurchased
September 12, 2024 |  | $ | 100 |  |  | 1,061,853 |  | November 5, 2024 |  | 222,007 |  | 1,283,860
Open Market Repurchase | The following table presents repurchases of the Company's common stock pursuant to 10b5-1 plans and through open market repurchases for the periods indicated:
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Shares of common stock | 1,389,099 |  |  | 7,295,206 |  |  | 5,365,303 |
Payment | $ | 100 |  |  | $ | 535 |  |  | $ | 374 |
Subsequent to December 31, 2025, the Company repurchased approximately 1.2 million shares pursuant to 10b5-1 plans for an aggregate purchase price of $92.
Schedule of Preferred Stock Issued and Outstanding | As of December 31, 2025 and December 31, 2024, there were 100,000,000 shares of preferred stock authorized. Preferred stock issued and outstanding were as follows:
|  |  | December 31, 2025 |  |  | December 31, 2024
Series |  |  | Issued |  | Outstanding |  |  | Issued |  | Outstanding
7.758% Non-cumulative Preferred Stock, Series A |  |  | 325,000 |  |  | 325,000 |  |  |  | 325,000 |  |  | 325,000 |
5.35% Non-cumulative Preferred Stock, Series B |  |  | 300,000 |  |  | 300,000 |  |  |  | 300,000 |  |  | 300,000 |
Total |  |  | 625,000 |  |  | 625,000 |  |  |  | 625,000 |  |  | 625,000 |

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- Definition Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Section 25 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481138/505-30-25-5 + Details
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- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-4 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-5 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481142/505-10-45-2 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-10 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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