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EQUITY | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
EQUITY | EQUITY A summary of changes in equity for the three months and six months ended June 30, 2025 and 2024 is provided below:
Three Months Ended June 30, 2025
In millions |  | Shares |  | Common Stock |  | Paid-In Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Common Stock Held In Treasury, At Cost |  | Total Equity
Balance, March 31, 2025 |  | 45 |  |  | $ | 45 |  |  | $ | 78 |  |  | $ | 2,463 |  |  | $ | (1,410) |  |  | $ | (268) |  |  | $ | 908 |
Stock-based employee compensation |  | — |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | 7 |
Share repurchases |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (20) |  |  | (20) |
Dividends ($0.45 per share) |  | — |  |  | — |  |  | — |  |  | (18) |  |  | — |  |  | — |  |  | (18) |
Comprehensive income (loss) |  | — |  |  | — |  |  | — |  |  | 15 |  |  | 67 |  |  | — |  |  | 82 |
Balance, June 30, 2025 |  | 45 |  |  | $ | 45 |  |  | $ | 85 |  |  | $ | 2,460 |  |  | $ | (1,343) |  |  | $ | (288) |  |  | $ | 959 |
Six Months Ended June 30, 2025
In millions |  | Shares |  | Common Stock |  | Paid-In Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Common Stock Held In Treasury, At Cost |  | Total Equity
Balance, December 31, 2024 |  | 45 |  |  | $ | 45 |  |  | $ | 71 |  |  | $ | 2,455 |  |  | $ | (1,490) |  |  | $ | (234) |  |  | $ | 847 |
Stock-based employee compensation |  | — |  |  | — |  |  | 14 |  |  | — |  |  | — |  |  | (14) |  |  | — |
Share repurchases |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (40) |  |  | (40) |
Dividends ($0.90 per share) |  | — |  |  | — |  |  | — |  |  | (37) |  |  | — |  |  | — |  |  | (37) |
Comprehensive income (loss) |  | — |  |  | — |  |  | — |  |  | 42 |  |  | 147 |  |  | — |  |  | 189 |
Balance, June 30, 2025 |  | 45 |  |  | $ | 45 |  |  | $ | 85 |  |  | $ | 2,460 |  |  | $ | (1,343) |  |  | $ | (288) |  |  | $ | 959 |
Three Months Ended June 30, 2024
In millions |  | Shares |  | Common Stock |  | Paid-In Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Common Stock Held In Treasury, At Cost |  | Total Equity
Balance, March 31, 2024 |  | 45 |  |  | $ | 45 |  |  | $ | 54 |  |  | $ | 2,253 |  |  | $ | (1,293) |  |  | $ | (170) |  |  | $ | 889 |
Stock-based employee compensation |  | — |  |  | — |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Share repurchases |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (25) |  |  | (25) |
Dividends ($0.45 per share) |  | — |  |  | — |  |  | — |  |  | (19) |  |  | — |  |  | — |  |  | (19) |
Comprehensive income (loss) |  | — |  |  | — |  |  | — |  |  | 83 |  |  | (104) |  |  | — |  |  | (21) |
Balance, June 30, 2024 |  | 45 |  |  | $ | 45 |  |  | $ | 60 |  |  | $ | 2,317 |  |  | $ | (1,397) |  |  | $ | (195) |  |  | $ | 830 |
Six Months Ended June 30, 2024
In millions |  | Shares |  | Common Stock |  | Paid-In Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Common Stock Held In Treasury, At Cost |  | Total Equity
Balance, December 31, 2023 |  | 45 |  |  | $ | 45 |  |  | $ | 48 |  |  | $ | 2,222 |  |  | $ | (1,256) |  |  | $ | (158) |  |  | $ | 901 |
Stock-based employee compensation |  | — |  |  | — |  |  | 12 |  |  | — |  |  | — |  |  | (7) |  |  | 5 |
Share repurchases |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (30) |  |  | (30) |
Dividends ($0.75 per share) |  | — |  |  | — |  |  | — |  |  | (31) |  |  | — |  |  | — |  |  | (31) |
Comprehensive income (loss) |  | — |  |  | — |  |  | — |  |  | 126 |  |  | (141) |  |  | — |  |  | (15) |
Balance, June 30, 2024 |  | 45 |  |  | $ | 45 |  |  | $ | 60 |  |  | $ | 2,317 |  |  | $ | (1,397) |  |  | $ | (195) |  |  | $ | 830 |

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