v3.25.2
Condensed Consolidated Statements of Shareholders’ Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Treasury Stock
Beginning balance at Dec. 31, 2023 $ 3,186 $ 1 $ 1,715 $ (87) $ 2,285 $ (728)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock repurchased (13)         (13)
Treasury stock issued 2       0 2
Share-based compensation expense, net of forfeitures 16   16      
Withholding tax on share-based compensation (8)   (8)      
Other comprehensive income (loss) (8)     (8)    
Cash dividends [1] (247)       (247)  
Net income 225       225  
Ending balance at Jun. 30, 2024 3,153 1 1,723 (95) 2,263 (739)
Beginning balance at Mar. 31, 2024 3,214 1 1,718 (91) 2,318 (732)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock repurchased (8)         (8)
Treasury stock issued 1         1
Share-based compensation expense, net of forfeitures 5   5      
Other comprehensive income (loss) (4)     (4)    
Cash dividends [2] (126)       (126)  
Net income 71       71  
Ending balance at Jun. 30, 2024 3,153 1 1,723 (95) 2,263 (739)
Beginning balance at Dec. 31, 2024 3,191 1 1,734 (81) 2,296 (759)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock repurchased (37)         (37)
Treasury stock issued 2         2
Share-based compensation expense, net of forfeitures 21   21      
Withholding tax on share-based compensation (10)   (10)      
Other comprehensive income (loss) 30     30    
Cash dividends [1] (251)       (251)  
Net income 380       380  
Ending balance at Jun. 30, 2025 3,326 1 1,745 (51) 2,425 (794)
Beginning balance at Mar. 31, 2025 3,280 1 1,734 (65) 2,384 (774)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock repurchased (21)         (21)
Treasury stock issued 1         1
Share-based compensation expense, net of forfeitures 11   11      
Other comprehensive income (loss) 14     14    
Cash dividends [2] (126)       (126)  
Net income 167       167  
Ending balance at Jun. 30, 2025 $ 3,326 $ 1 $ 1,745 $ (51) $ 2,425 $ (794)
[1]
* Cash dividends declared were $2.08 per share and $2.04 per share during the six months ended June 30, 2025 and 2024, respectively.
[2]
* Cash dividends declared were $1.04 per share during the three months ended June 30, 2025 and 2024.