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SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of compensation cost for share-based payment arrangements, allocation of share-based compensation costs by plan

The following table details our share-based compensation expense related to award grants to our officers, directors, and employees. We recognized $7 million, $7 million, and $6 million of tax benefits associated with share-based compensation during 2024, 2023, and 2022, respectively.

($ in millions)			2024						2023						2022
Service-based RSUs			$	30					$	29					$	31
Performance-based RSUs			—						—						3
			30						29						34
SARs			3						2						5
			$	33					$	31					$	39

Schedule of unrecognized compensation cost, unvested awards

The following table details our deferred compensation costs related to unvested awards:

($ in millions)			At Year-End 2024(1)						At Year-End 2023
Service-based RSUs			$	24					$	22
Performance-based RSUs			5						1
			29						23
SARs			1						1
			$	30					$	24

(1)As of December 31, 2024, the weighted average remaining term for RSU grants outstanding at year-end 2024 was one to three years and we expect that deferred compensation expense will be recognized over a weighted average period of one to three years.

Schedule of outstanding RSUs and the associated weighted average grant-date fair values

The following table shows the changes in our outstanding RSUs and the associated weighted average grant-date fair values:

			2024
			Service-based												Performance-based												Total
			Number of RSUs						Weighted Average Grant-Date Fair Value Per RSU						Number of RSUs						Weighted Average Grant-Date Fair Value Per RSU						Number of RSUs						Weighted Average Grant-Date Fair Value Per RSU
Outstanding at year-end 2023			655,114						$	123.91					192,724						$	148.29					847,838						$	129.45
Granted			403,071						$	87.54					204,020						$	85.12					607,091						$	86.73
Distributed			(249,097)						$	134.08					—						$	—					(249,097)						$	134.08
Forfeited			(25,561)						$	107.54					(20,912)						$	109.86					(46,473)						$	108.59
Outstanding at year-end 2024			783,527						$	102.50					375,832						$	116.13					1,159,359						$	106.92

Schedule of outstanding SARs and the associated weighted average exercise prices

The following table shows the changes in our outstanding SARs and the associated weighted average exercise prices: 

			2024
			Number of SARs						Weighted Average Exercise Price Per SAR
Outstanding at year-end 2023			720,028						$	116.56
Granted			86,759						$	93.73
Exercised			(45,022)						$	73.65
Forfeited or expired			(3,036)						$	93.73
Outstanding at year-end 2024(1)(2)			758,729						$	116.59

(1)As of December 31, 2024, outstanding SARs had an aggregate intrinsic value of $3 million and a weighted average remaining term of 5 years.

(2)As of December 31, 2024, 580,534 SARs with a weighted average exercise price of $112.42, an aggregate intrinsic value of $3 million and a weighted average remaining contractual term of 4 years were exercisable.

Assumptions used to estimate fair value of grants

The following table outlines the assumptions used to estimate the fair value of grants in 2024, 2023, and 2022:

			2024						2023						2022
Expected volatility			45.78%						40.47%						42.86%
Dividend yield			3.21%						1.87%						1.53%
Risk-free rate			4.23%						4.07%						1.77%
Expected term (in years)			6.25						6.25						6.25

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