STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2025

Stockholders' Equity Note [Abstract]

Schedule of 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 stock						Additional paid-in-capital						Treasury stock						Retained 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 stock						Additional paid-in-capital						Treasury stock						Retained earnings						Accumulated 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 stock						Additional paid-in-capital						Treasury stock						Retained 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 stock						Additional paid-in-capital						Treasury stock						Retained earnings						Accumulated 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