XML 45 R28.htm IDEA: XBRL DOCUMENT
v3.25.0.1

EARNINGS PER SHARE | 12 Months Ended
--- | ---
Dec. 31, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The following tables present the calculation of our basic and diluted EPS and the corresponding weighted average shares outstanding referenced in these calculations for the years ended December 31, 2024, 2023, and 2022.
| Year Ended December 31,
($ and shares outstanding in millions, except per share amounts) | 2024 |  | 2023 |  | 2022
Basic EPS: |  |  |  |  |
Numerator: |  |  |  |  |
Net income attributable to stockholders | $ | 47 |  |  | $ | 313 |  |  | $ | 352 |
Denominator: |  |  |  |  |
Weighted average shares outstanding | 101.9 |  |  | 110.1 |  |  | 118.0 |
Basic EPS(1) | $ | 0.46 |  |  | $ | 2.84 |  |  | $ | 2.98 |
Diluted EPS: |  |  |  |  |
Numerator: |  |  |  |  |
Net income attributable to stockholders | $ | 47 |  |  | $ | 313 |  |  | $ | 352 |
Denominator: |  |  |  |  |
Weighted average shares outstanding | 103.1 |  |  | 111.6 |  |  | 119.6 |
Diluted EPS(1) | $ | 0.45 |  |  | $ | 2.80 |  |  | $ | 2.93 |
Basic weighted average shares outstanding | 101.9 |  |  | 110.1 |  |  | 118.0 |
RSUs(2), PSUs(3), Options(4) and ESPP | 1.2 |  |  | 1.5 |  |  | 1.6 |
Diluted weighted average shares outstanding | 103.1 |  |  | 111.6 |  |  | 119.6 |
(1)Earnings per share amounts are calculated using whole numbers. (2) There were no anti-dilutive RSUs for the years ended December 31, 2024, 2023, and 2022, respectively. (3) There were no anti-dilutive PSUs for the years ended December 31, 2024, 2023, and 2022, respectively. (4) Excludes approximately 1,140,000, 818,000 and 760,000 shares of Options that would have been anti-dilutive to EPS for the years ended December 31, 2024, 2023, and 2022, respectively, under the treasury stock method. These Options could potentially dilute EPS in the future. Share Repurchases On May 3, 2023, our Board of Directors approved a share repurchase program authorizing the Company to repurchase up to an aggregate of $500 million of its outstanding shares of common stock over a two-year period (the "2023 Repurchase Plan"). On August 7, 2024, our Board of Directors approved a new share repurchase program authorizing the Company to repurchase up to an aggregate of $500 million of its outstanding shares of common stock over a two-year period (the "2024 Repurchase Plan") which is in addition to the 2023 Repurchase Plan. The repurchases can be made through any combination of open market purchases, accelerated share repurchases, privately negotiated transactions or an other permissible manner. The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements and other market and economic conditions. The shares are retired upon repurchase. The stock repurchase programs may be suspended or discontinued at any time and will automatically expire at the end of each plan's respective term. As of December 31, 2024, $428 million remains available to be repurchased under the 2024 Repurchase Plan. The following table summarizes stock repurchase activity under the share repurchase programs as of December 31, 2024:
(in millions) | Shares |  | Cost
As of December 31, 2023 | 31 |  |  | $ | 1,117 |
Repurchases | 10 |  |  | 432 |
As of December 31, 2024 | 41 |  |  | $ | 1,549 |
From January 1, 2025, through February 20, 2025, we repurchased approximately 1.6 million shares for $66 million. As of February 20, 2025, we had $361 million of remaining availability under the 2024 Repurchase Plan.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration