v3.25.2
Condensed Consolidated Statements of Stockholders' Equity - USD ($)
$ in Millions
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Comprehensive (Loss) Income
Beginning balance (in shares) at Dec. 31, 2023   88,000,000        
Treasury stock, common, beginning balance (in shares) at Dec. 31, 2023     16,000,000      
Beginning balance at Dec. 31, 2023 $ 1,557 $ 88 $ (386) $ 465 $ 1,479 $ (89)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 108       108  
Dividends paid (19)       (19)  
Issuance of shares under stock plans 0   6 6    
Taxes paid related to net settlement of stock-based awards (6)   (6)      
Purchase of stock (in shares)   0        
Purchase of stock (13) $ 0     (13)  
Compensation expense associated with stock-based compensation 6     6    
Other comprehensive loss (15)         (15)
Ending balance (in shares) at Mar. 31, 2024   88,000,000        
Ending balance at Mar. 31, 2024 1,617 $ 88 $ (386) 465 1,555 (104)
Treasury stock, common, ending balance (in shares) at Mar. 31, 2024     16,000,000      
Beginning balance (in shares) at Dec. 31, 2023   88,000,000        
Treasury stock, common, beginning balance (in shares) at Dec. 31, 2023     16,000,000      
Beginning balance at Dec. 31, 2023 1,557 $ 88 $ (386) 465 1,479 (89)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 267          
Ending balance (in shares) at Jun. 30, 2024   87,000,000        
Ending balance at Jun. 30, 2024 1,658 $ 87 $ (385) 471 1,595 (109)
Treasury stock, common, ending balance (in shares) at Jun. 30, 2024     16,000,000      
Beginning balance (in shares) at Mar. 31, 2024   88,000,000        
Treasury stock, common, beginning balance (in shares) at Mar. 31, 2024     16,000,000      
Beginning balance at Mar. 31, 2024 1,617 $ 88 $ (386) 465 1,555 (104)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 160       160  
Dividends paid (19)       (19)  
Issuance of shares under stock plans 3   1      
Taxes paid related to net settlement of stock-based awards 0   0      
Purchase of stock (in shares)   (1,000,000)        
Purchase of stock (103) $ (1)     (101)  
Compensation expense associated with stock-based compensation 4     4    
Other comprehensive loss (4)         (4)
Ending balance (in shares) at Jun. 30, 2024   87,000,000        
Ending balance at Jun. 30, 2024 1,658 $ 87 $ (385) 471 1,595 (109)
Treasury stock, common, ending balance (in shares) at Jun. 30, 2024     16,000,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Retained Earnings (Accumulated Deficit) $ 1,615          
Beginning balance (in shares) at Dec. 31, 2024 70,000,000 86,000,000        
Treasury stock, common, beginning balance (in shares) at Dec. 31, 2024 16,000,000   16,000,000      
Beginning balance at Dec. 31, 2024 $ 1,671 $ 86 $ (386) 478 1,615 (122)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 91       91  
Dividends paid (20)       (20)  
Issuance of shares under stock plans 0   3 3    
Taxes paid related to net settlement of stock-based awards (5)   (5)      
Purchase of stock (in shares)   (1,000,000)        
Purchase of stock (62) $ (1)     (61)  
Compensation expense associated with stock-based compensation 5     5    
Other comprehensive loss 12         12
Ending balance (in shares) at Mar. 31, 2025   85,000,000        
Ending balance at Mar. 31, 2025 $ 1,692 $ 85 $ (388) 480 1,625 (110)
Treasury stock, common, ending balance (in shares) at Mar. 31, 2025     15,000,000      
Beginning balance (in shares) at Dec. 31, 2024 70,000,000 86,000,000        
Treasury stock, common, beginning balance (in shares) at Dec. 31, 2024 16,000,000   16,000,000      
Beginning balance at Dec. 31, 2024 $ 1,671 $ 86 $ (386) 478 1,615 (122)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 145          
Ending balance (in shares) at Jun. 30, 2025 70,000,000 85,000,000        
Ending balance at Jun. 30, 2025 $ 1,742 $ 85 $ (386) 488 1,659 (104)
Treasury stock, common, ending balance (in shares) at Jun. 30, 2025 15,000,000   15,000,000      
Beginning balance (in shares) at Mar. 31, 2025   85,000,000        
Treasury stock, common, beginning balance (in shares) at Mar. 31, 2025     15,000,000      
Beginning balance at Mar. 31, 2025 $ 1,692 $ 85 $ (388) 480 1,625 (110)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 54       54  
Dividends paid (19)       (19)  
Issuance of shares under stock plans 3   2 1    
Taxes paid related to net settlement of stock-based awards (1)   (1)      
Purchase of stock (in shares)   0        
Purchase of stock 0 $ 0     0  
Compensation expense associated with stock-based compensation 7     7    
Other comprehensive loss $ 6         6
Ending balance (in shares) at Jun. 30, 2025 70,000,000 85,000,000        
Ending balance at Jun. 30, 2025 $ 1,742 $ 85 $ (386) $ 488 $ 1,659 $ (104)
Treasury stock, common, ending balance (in shares) at Jun. 30, 2025 15,000,000   15,000,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Retained Earnings (Accumulated Deficit) $ 1,659