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EARNINGS PER COMMON SHARE (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Numerator        
Income from continuing operations $ 146 $ 139 $ 328 $ 280
Loss from discontinued operations, net of income taxes [1] 0 0 0 (4)
Net income 146 139 328 276
Less: Preferred stock dividends (2) 0 (4) 0
Net income available to common stockholders $ 144 $ 139 $ 324 $ 276
Denominator        
Weighted average common stock outstanding - basic (in shares) 39,900,000 46,700,000 41,300,000 47,800,000
Add: net effect of dilutive unvested restricted stock awards (in shares) 800,000 500,000 600,000 600,000
Weighted average common stock outstanding – diluted (in shares) 40,700,000 47,200,000 41,900,000 48,400,000
Basic EPS        
Income from continuing operations (in dollars per share) $ 3.62 $ 2.96 $ 7.83 $ 5.86
Income (loss) from discontinued operations (in dollars per share) 0 0.01 0 (0.08)
Net income per share (in dollars per share) 3.62 2.97 7.83 5.78
Diluted EPS        
Income from continuing operations (in dollars per share) 3.55 2.93 7.72 5.79
Income (loss) from discontinued operations (in dollars per share) 0 0.01 0 (0.08)
Net income per share (in dollars per share) $ 3.55 $ 2.94 $ 7.72 $ 5.71
Share awards excluded in the computation of diluted earnings per share (in shares) 0 800,000 0 800,000
[1] Includes amounts that related to the previously disclosed discontinued operations associated with the spinoff of our former LoyaltyOne segment in 2021 and the sale of our former Epsilon segment in 2019. For additional information, refer to Note 1, “Description of Business, Basis of Presentation and Significant Accounting Policies” to the unaudited Consolidated Financial Statements.