v3.25.2
Stockholders' Equity
 6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Stockholders' Equity [Text Block] STOCKHOLDERS' EQUITY
Treasury Stock - In January 2024, the Company's board of directors authorized an increase in the Company's stock repurchase program from $3.2 billion to $3.8 billion and an extension of the term of the program to December 31, 2028. Repurchases are made from time to time at management's discretion in accordance with applicable federal securities laws. For the six months ended June 30, 2025, the Company did not repurchase any shares. For the six months ended June 30, 2024, the Company repurchased 473,438 shares at an aggregate cost of $128 million, including $1 million of accrued excise tax. The cost of purchased shares is recorded as treasury stock in the unaudited condensed consolidated statements of financial position.

Dividends - The Company paid cash dividends totaling $106 million and $102 million for the six months ended June 30, 2025 and 2024, respectively.

Accumulated Other Comprehensive Loss - Other comprehensive income (loss) refers to gains and losses recorded as an element of stockholders' equity but excluded from net earnings. The accumulated other comprehensive loss
was comprised of unamortized benefit plan costs of $26 million and $28 million as of June 30, 2025, and December 31, 2024, respectively.

The changes in accumulated other comprehensive loss by component for the three and six months ended June 30, 2025 and 2024, were as follows:

($ in millions)Benefit PlansTotal
Balance as of March 31, 2024$(419)$(419)
Amounts reclassified from accumulated other comprehensive loss  
Amortization of prior service cost1
4 4 
Net current period other comprehensive income4 4 
Balance as of June 30, 2024$(415)$(415)
  
Balance as of March 31, 2025$(27)$(27)
Amounts reclassified from accumulated other comprehensive loss  
Amortization of prior service cost1
4 4 
Amortization of net actuarial loss1
(3)(3)
Net current period other comprehensive income1 1 
Balance as of June 30, 2025$(26)$(26)

($ in millions)Benefit PlansTotal
Balance as of December 31, 2023$(422)$(422)
Amounts reclassified from accumulated other comprehensive loss 
Amortization of prior service cost1
7 7 
Amortization of net actuarial loss1
2 2 
Tax expense for items of other comprehensive income(2)(2)
Net current period other comprehensive income7 7 
Balance as of June 30, 2024$(415)$(415)
  
Balance as of December 31, 2024$(28)$(28)
Amounts reclassified from accumulated other comprehensive loss  
Amortization of prior service cost1
8 8 
Amortization of net actuarial loss1
(6)(6)
Net current period other comprehensive income2 2 
Balance as of June 30, 2025$(26)$(26)
1 These accumulated comprehensive loss components are included in the computation of net periodic benefit cost. See Note 12: Employee Pension and Other Postretirement Benefits. The tax expense recorded in stockholders' equity for the amounts reclassified from accumulated other comprehensive loss for each of the three months ended June 30, 2025 and 2024, was less than $1 million. The tax expense recorded in stockholders' equity for the amounts reclassified from accumulated other comprehensive loss for the six months ended June 30, 2025 and 2024, was less than $1 million and $2 million, respectively.