The following table shows the changes in stockholders' equity for the six months ended June 30, 2025:


(in millions)	Common Stock		Capital in Excess of Par Value		Retained Earnings		Accumulated Other Comprehensive (Loss) Income		Treasury Stock		Non-Controlling Interest		Total
Balance at January 1, 2025	$	3	$	8,687	$	3,140	$	(435)	$	(753)	$	5	$	10,647


Net income	—		—		169		—		—		—		169
Other comprehensive income, net	—		—		—		98		—		—		98

Dividends declared ($0.40 per share)	—		—		(98)		—		—		—		(98)
Net income attributable to non-controlling interests	—		—		—		—		—		1		1
Stock incentive plan activity	—		18		—		—		(13)		—		5

Balance at March 31, 2025	$	3	$	8,705	$	3,211	$	(337)	$	(766)	$	6	$	10,822


Net income	—		—		226		—		—		—		226
Other comprehensive income, net	—		—		—		115		—		—		115
Other activity	—		—		—		—		—		1		1


Dividends declared ($0.40 per share)	—		—		(98)		—		—		—		(98)
Distribution to minority shareholders	—		—		—		—		—		(2)		(2)
Net income attributable to non-controlling interests	—		—		—		—		—		2		2
Stock incentive plan activity	—		15		—		—		—		—		15

Balance at June 30, 2025	$	3	$	8,720	$	3,339	$	(222)	$	(766)	$	7	$	11,081

The following table shows the changes in stockholders' equity for the six months ended June 30, 2024:


	Common Stock		Capital in Excess of Par Value		Retained Earnings		Accumulated Other Comprehensive Loss		Treasury Stock		Non-Controlling Interest		Total
Balance at January 1, 2024	$	3	$	8,564	$	2,601	$	(269)	$	(733)	$	10	$	10,176
Net income	—		—		153		—		—		—		153
Other comprehensive loss, net	—		—		—		(76)		—		—		(76)
Other activity	—		—		—		—		—		(2)		(2)
Dividends declared ($0.36 per share)	—		—		(87)		—		—		—		(87)
Stock incentive plan activity	—		54		—		—		(15)		—		39

Balance at March 31, 2024	$	3	$	8,618	$	2,667	$	(345)	$	(748)	$	8	$	10,203
Net income	—		—		194		—		—		—		194
Other comprehensive loss, net	—		—		—		—		—		—		—
Other activity	—		—		—		—		—		(1)		(1)

Dividends declared ($0.36 per share)	—		—		(87)		—		—		—		(87)
Stock incentive plan activity	—		42		—		—		(3)		—		39
Balance at June 30, 2024	$	3	$	8,660	$	2,774	$	(345)	$	(751)	$	7	$	10,348