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Employee Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Schedule of Reconciliation of Benefit Obligations and Plan Assets

The following table provides a reconciliation of benefit obligations and plan assets of the Company’s pension plans and postretirement benefit plans (in millions):

			Pension												Postretirement
			2024						2023						2024						2023
Change in Projected Benefit Obligations
Benefit obligations at beginning of year			$	137					$	134					$	1					$	1
Interest cost			7						7						—						—
Plan settlements			(7)						—						—						—
Benefits paid			—						(7)						—						—
Actuarial (gain) loss			(4)						3						—						—
Benefit obligations at end of year			$	133					$	137					$	1					$	1
Change in Fair Value of Plan Assets
Fair value of plan assets at beginning of year			$	119					$	113					$	—					$	—
Actual return on plan assets			2						9						—						—
Employer contribution			4						4						—						—
Plan settlements			(7)						—						—						—
Benefits paid			—						(7)						—						—
Fair value of plan assets at end of year			$	118					$	119					$	—					$	—
Funded Status			$	(15)					$	(18)					$	(1)					$	(1)
Accumulated benefit obligations			$	133					$	137

Schedule of Amounts Recognized in Balance Sheet

			Pension												Postretirement
			2024						2023						2024						2023
Amounts Recognized in Balance Sheet
Other long-term liabilities			$	(15)					$	(18)					$	(1)					$	(1)
Net amount recognized			$	(15)					$	(18)					$	(1)					$	(1)
Amounts Recognized in Accumulated Other Comprehensive Loss
Net actuarial (loss) gain			$	(18)					$	(19)					$	—					$	1
Net amount recognized			$	(18)					$	(19)					$	—					$	1
Weighted‑Average Assumptions Used to Determine Projected Benefit Obligations
Discount rate			5.5		%				5.1		%				5.5		%				5.1		%
Average rate of increase in compensation			—		%				—		%				—		%				—		%
Interest credit rate			3.8		%				3.8		%				—		%				—		%
Initial healthcare cost trend rate			N/A						N/A						6.9		%				6.1		%
Ultimate healthcare cost trend rate			N/A						N/A						4.0		%				4.0		%

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

			Pension												Postretirement
			2024						2023						2024						2023
Amounts Recognized in Balance Sheet
Other long-term liabilities			$	(15)					$	(18)					$	(1)					$	(1)
Net amount recognized			$	(15)					$	(18)					$	(1)					$	(1)
Amounts Recognized in Accumulated Other Comprehensive Loss
Net actuarial (loss) gain			$	(18)					$	(19)					$	—					$	1
Net amount recognized			$	(18)					$	(19)					$	—					$	1
Weighted‑Average Assumptions Used to Determine Projected Benefit Obligations
Discount rate			5.5		%				5.1		%				5.5		%				5.1		%
Average rate of increase in compensation			—		%				—		%				—		%				—		%
Interest credit rate			3.8		%				3.8		%				—		%				—		%
Initial healthcare cost trend rate			N/A						N/A						6.9		%				6.1		%
Ultimate healthcare cost trend rate			N/A						N/A						4.0		%				4.0		%

Schedule of Assumptions Used

			Pension												Postretirement
			2024						2023						2024						2023
Amounts Recognized in Balance Sheet
Other long-term liabilities			$	(15)					$	(18)					$	(1)					$	(1)
Net amount recognized			$	(15)					$	(18)					$	(1)					$	(1)
Amounts Recognized in Accumulated Other Comprehensive Loss
Net actuarial (loss) gain			$	(18)					$	(19)					$	—					$	1
Net amount recognized			$	(18)					$	(19)					$	—					$	1
Weighted‑Average Assumptions Used to Determine Projected Benefit Obligations
Discount rate			5.5		%				5.1		%				5.5		%				5.1		%
Average rate of increase in compensation			—		%				—		%				—		%				—		%
Interest credit rate			3.8		%				3.8		%				—		%				—		%
Initial healthcare cost trend rate			N/A						N/A						6.9		%				6.1		%
Ultimate healthcare cost trend rate			N/A						N/A						4.0		%				4.0		%

Schedule of Benefit Obligations in Excess of Plan Assets

The benefit obligations and fair value of plan assets for the Company’s qualified and non-qualified pension and postretirement plans with projected benefit obligations or accumulated benefit obligations in excess of plan assets are as follows (in millions):

			Pension												Postretirement
			2024						2023						2024						2023
Plans with Benefit Obligations in Excess of Plan Assets
Projected benefit obligations			$	133					$	137					$	1					$	1
Accumulated benefit obligations			133						137						—						—
Fair value of plan assets			118						119						—						—

Schedule of Net Periodic Costs

The following table sets forth the net periodic pension cost (benefit) (in millions):

			Years Ended December 31,
			2024						2023						2022
Components of Net Periodic Pension Cost (Benefit)
Interest cost			$	7					$	7					$	5
Expected return on plan assets			(6)						(3)						(6)
Net amortization of actuarial net loss			1						1						—
Settlement loss			1						—						2
Net periodic pension cost (benefit)			$	3					$	5					$	1
Weighted‑Average Assumptions Used to Determine Net Periodic Pension Cost (Benefit)
Discount rate			5.1		%				5.4		%				2.7		%
Expected return on assets			6.3		%				6.0		%				4.6		%
Average rate of increase in compensation			—		%				—		%				—		%
Interest credit rate			3.8		%				3.8		%				3.8		%

Schedule of Pension Plan Assets

The fair value measurements of most plan assets are based upon significant other observable inputs (Level 2), except for the high yield mutual fund and cash which are based upon quoted market prices in active markets for identical assets (Level 1). The following represents the Company's pension plan assets (in millions):

Asset Category			December 31, 2024						December 31, 2023
Cash			$	7					$	2
Equity Securities:
U.S. Large Cap			17						13
U.S. Mid Cap			1						2
International Developed			6						12
International Emerging Markets			3						2
Fixed Income Securities:
U.S. Treasuries			40						23
Corporate Bonds			17						38
Government Bonds			1						7
Municipal Bonds			—						2
Mortgage-Backed Securities			8						1
Asset-Backed Securities			1						2
Bank Loans			—						6
Preferreds			—						6
Other			17						3
Total fair value of pension plan assets			$	118					$	119

Schedule of Expected Benefit Payments

The following table presents estimated future benefit payments (in millions):

			Pension						Postretirement
2025			$	9					$	—
2026			11						—
2027			12						—
2028			13						—
2029			14						—
2030-2034			70						—
			$	129					$	—

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