v3.25.2
STOCKHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
The changes of the Stockholders’ Equity items during the three and six months ended June 30, 2025 and 2024, are as follows:
(in millions)Issued common stockAdditional paid-in-capitalTreasury stockRetained earnings
Accumulated other comprehensive income (loss)
Total equity
Balance, March 31, 2025$1 $1,970 $(327)$59 (166)$1,537 
Dividends declared ($0.27 per share)
— — — (10)— (10)
Stock-based compensation expense— 4 — — — 4 
Purchase of treasury stock— — (40)— — (40)
Net earnings— — — 46 — 46 
Other comprehensive income— — — — 90 90 
Balance, June 30, 2025$1 $1,974 $(367)$95 $(76)$1,627 
(in millions)Issued common stockAdditional paid-in-capitalTreasury stockRetained earningsAccumulated other comprehensive income (loss)Total equity
Balance, March 31, 2024$1 $2,018 $(42)$26 $(153)$1,850 
Dividends declared ($0.25 per share)
— — — (11)— (11)
Stock-based compensation expense— 4 — — — 4 
Purchase of treasury stock— — (90)— — (90)
Net issuance of executive stock plan— (2)2 — — — 
Net earnings— — — 14 — 14 
Other comprehensive loss— — — — (19)(19)
Spin-Off related adjustments— (1)— — — (1)
Balance, June 30, 2024$1 $2,019 $(130)$29 $(172)$1,747 
(in millions)Issued common stockAdditional paid-in-capitalTreasury stockRetained earnings
Accumulated other comprehensive income (loss)
Total equity
Balance, December 31, 2024$1 $1,976 $(230)$44 $(217)$1,574 
Dividends declared (0.54 per share)
— — — (21)— (21)
Stock-based compensation expense— 8 — — — 8 
Purchase of treasury stock— — (140)— — (140)
Excise tax on purchase of treasury stock— — (1)— — (1)
Net issuance of executive stock plan— (10)4 — — (6)
Net earnings— — — 72 — 72 
Other comprehensive income— — — — 141 141 
Balance, June 30, 2025$1 $1,974 $(367)$95 $(76)$1,627 
(in millions)Issued common stockAdditional paid-in-capitalTreasury stockRetained earningsAccumulated other comprehensive income (loss)Total equity
Balance, December 31, 2023$1 $2,031 $(23)$9 $(131)$1,887 
Dividends declared ($0.50 per share)
— — — (23)— (23)
Stock-based compensation expense— 8 — — — 8 
Purchase of treasury stock— — (113)— — (113)
Net issuance of executive stock plan— (9)6 — — (3)
Net earnings— — — 43 — 43 
Other comprehensive loss— — — — (41)(41)
Spin-Off related adjustments— (11)— — — (11)
Balance, June 30, 2024$1 $2,019 $(130)$29 $(172)$1,747