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STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Schedule of Common Stock Issuances | The following is a summary of changes in our common shares outstanding:
| Common Shares Outstanding
Balance, December 31, 2022 | 71,949,742 |
Shares issued for warrant exercises | 35,441 |
Shares issued under ESPP | 41,013 |
Shares issued under stock-based compensation arrangements | 75,344 |
Treasury stock - shares repurchased | (3,407,655) |
Balance, December 31, 2023 | 68,693,885 |
Issued as part of the Aera Merger | 21,315,707 |
Shares issued for warrant exercises | 3,769,703 |
Shares issued under ESPP | 38,257 |
Shares issued under stock-based compensation arrangements(a) | 1,740,189 |
Treasury stock - shares repurchased | (3,649,348) |
Shares cancelled for taxes | (808,071) |
Balance at December 31, 2024 | 91,100,322 |
(a)A significant number of stock-based compensation awards were settled in the first quarter of 2024. These awards were primarily granted in January 2021 following our emergence from bankruptcy.
Scheduleof Share Repurchases | The following is a summary of our share repurchases, held as treasury stock, for the periods presented:
| Total Number of Shares Purchased |  | Dollar Value of Shares Purchased |  | Average Price Paid per Share
| (number of shares) |  | (in millions) |  | ($ per share)
Year ended December 31, 2022 | 7,366,272 |  |  | $ | 313 |  |  | $ | 42.47 |
Year ended December 31, 2023 | 3,407,655 |  |  | $ | 143 |  |  | $ | 41.69 |
Year ended December 31, 2024 | 3,649,348 |  |  | $ | 192 |  |  | $ | 52.12 |
Inception of Program (May 2021) through December 31, 2024 | 18,513,263 |  |  | $ | 796 |  |  | $ | 42.82 |
Note: The total value of shares purchased includes approximately $2 million and $1 million in the years ended December 31, 2024 and 2023 related to excise taxes on share repurchases, which was effective beginning in 2023. Commissions paid were not significant in all periods presented.
Schedule of Dividends Declared | Our Board of Directors declared the following cash dividends for each of the periods presented.
| Total Dividend |  | Annual Rate Per Share
| (in millions) |  | ($ per share)
Year ended December 31, 2022 | 59 |  |  | $ | 0.7925 |
Year ended December 31, 2023 | 81 |  |  | $ | 1.1575 |
Year ended December 31, 2024 | 113 |  |  | $ | 1.3950 |
| $ | 253 |  |  |
Schedule of Accumulated Other Comprehensive Income (Loss) | Accumulated other comprehensive income consists of after-tax amounts for our pension and postretirement benefit plans. See Note 14 Pension and Postretirement Benefit Plans for further information.
| Year ended December 31,
| 2024 |  | 2023 |  | 2022
| (in millions)
Beginning accumulated other comprehensive income | $ | 74 |  |  | $ | 81 |  |  | $ | 72 |
Actuarial gain (loss) associated with pension and postretirement | 4 |  |  | (2) |  |  | 18 |
Prior service credit | 3 |  |  | — |  |  | — |
Recognition of prior service credit due to curtailment | — |  |  | (3) |  |  | — |
Recognition of net actuarial gain due to curtailment | (4) |  |  | — |  |  | — |
Recognition of net actuarial loss due to special termination benefits | 4 |  |  | — |  |  | — |
Amortization of prior service credit | (5) |  |  | (5) |  |  | (5) |
Other comprehensive income (loss) | 2 |  |  | (10) |  |  | 13 |
Total recorded in accumulated other comprehensive income, before tax | 76 |  |  | 71 |  |  | 85 |
Income tax (provision) benefit | (1) |  |  | 3 |  |  | (4) |
Total recorded in accumulated other comprehensive income, net of tax | $ | 75 |  |  | $ | 74 |  |  | $ | 81 |

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