v3.25.2
Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive (Loss) Income [Member]
Treasury Stock [Member]
Balance at beginning of period at Dec. 31, 2023   $ 1 $ 117 $ 296 $ 6 $ (283)
Net income $ 126     126    
Stock-based compensation expense     15      
Exercise of stock options     1      
Taxes paid related to net share settlement of equity awards     (6)      
Repurchase of common stock           (58)
Balance at end of period at Jun. 30, 2024 214 1 127 422 6 (341)
Balance at beginning of period at Mar. 31, 2024   1 120 330 7 (296)
Net income 92     92    
Stock-based compensation expense     8      
Exercise of stock options     1      
Taxes paid related to net share settlement of equity awards     (2)      
Repurchase of common stock           (45)
Other comprehensive (loss) income, net of tax         (1)  
Balance at end of period at Jun. 30, 2024 214 1 127 422 6 (341)
Balance at beginning of period at Dec. 31, 2024 239 1 152 530   (444)
Net income 148     148    
Stock-based compensation expense     17      
Exercise of stock options     6      
Issuance of common stock related to ESPP     1      
Taxes paid related to net share settlement of equity awards     (9)      
Repurchase of common stock           (135)
Other comprehensive (loss) income, net of tax         (12)  
Balance at end of period at Jun. 30, 2025 254 1 167 678 (13) (580)
Balance at beginning of period at Mar. 31, 2025   1 153 567 (8) (515)
Net income 111     111    
Stock-based compensation expense     9      
Exercise of stock options     5      
Issuance of common stock related to ESPP     1      
Taxes paid related to net share settlement of equity awards     (1)      
Repurchase of common stock           (65)
Other comprehensive (loss) income, net of tax         (5)  
Balance at end of period at Jun. 30, 2025 $ 254 $ 1 $ 167 $ 678 $ (13) $ (580)