Equity (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Stockholders Equity [Table Text Block]

The activity in equity during the three and nine-month periods ended September 30, 2025 and 2024 was as follows (dollars in millions, except per share amounts):


	Common Stock			Accumulated Other Comprehensive Loss		Retained Earnings

	Shares	Amount						Total
Balances as of December 31, 2024	109,342,251	$	2,118	$	(4)	$	1,680	$	3,794
Issuances of shares pursuant to equity-based plans	161,074	—		—		—		—


Stock-based compensation	—	5		—		—		5


Dividends declared ($0.500 per share)	—	—		—		(55)		(55)
Net income	—	—		—		100		100

Balances as of March 31, 2025	109,503,325	2,123		(4)		1,725		3,844
Issuances of shares pursuant to equity-based plans	58,563	1		—		—		1

Stock-based compensation	—	3		—		—		3


Dividends declared ($0.525 per share)	—	—		—		(58)		(58)
Net income	—	—		—		62		62
Balances as of June 30, 2025	109,561,888	2,127		(4)		1,729		3,852
Issuances of shares pursuant to equity-based plans	47,997	—		—		—		—
Issuances of shares pursuant to equity agreements	1,114,529	49		—		—		49
Stock-based compensation	—	3		—		—		3
Other comprehensive income	—	—		1		—		1
Dividends declared ($0.5250 per share)	—	—		—		(58)		(58)
Net income	—	—		—		103		103
Balances as of September 30, 2025	110,724,414	$	2,179	$	(3)	$	1,774	$	3,950


	Common Stock			Accumulated Other Comprehensive Loss		Retained Earnings

	Shares	Amount						Total
Balances as of December 31, 2023	101,159,609	$	1,750	$	(5)	$	1,574	$	3,319
Issuances of shares pursuant to equity-based plans	148,926	—		—		—		—


Issuances of shares pursuant to equity agreements	1,714,972	78		—		—		78

Other comprehensive income	—	—		1		—		1

Dividends declared ($0.475 per share)	—	—		—		(48)		(48)
Net income	—	—		—		109		109
Balances as of March 31, 2024	103,023,507	1,828		(4)		1,635		3,459
Issuances of shares pursuant to equity-based plans	43,176	1		—		—		1

Stock-based compensation	—	4		—		—		4


Dividends declared ($0.500 per share)	—	—		—		(52)		(52)
Net income	—	—		—		72		72
Balances as of June 30, 2024	103,066,683	1,833		(4)		1,655		3,484
Issuances of shares pursuant to equity-based plans	37,837	—		—		—		—
Issuances of shares pursuant to equity agreements	2,351,070	100		—		—		100
Stock-based compensation	—	5		—		—		5
Other comprehensive income	—	—		(1)		—		(1)
Dividends declared ($0.500 per share)	—	—		—		(52)		(52)
Net income	—	—		—		94		94
Balances as of September 30, 2024	105,455,590	$	1,938	$	(5)	$	1,697	$	3,630