v3.25.2
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Stockholders’ equity, beginning balance (in shares) at Dec. 31, 2023   98      
Stockholders’ equity, beginning balance at Dec. 31, 2023 $ 135 $ 1 $ 2,074 $ (1,811) $ (129)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 20     20  
Employee stock compensation, employee stock purchase programs and option exercises, net of tax (in shares)   3      
Employee stock compensation, employee stock purchase programs and option exercises, net of tax 29   29    
Repurchases of common stock, retired (in shares)   (3)      
Repurchases of common stock, retired (127)     (127)  
Pension and postemployment benefit plans, net of tax 1       1
Unrealized gain (loss) on derivatives, net of tax 4       4
Currency translation adjustment (8)       (8)
Stockholders’ equity, ending balance (in shares) at Mar. 31, 2024   98      
Stockholders’ equity, ending balance at Mar. 31, 2024 54 $ 1 2,103 (1,918) (132)
Stockholders’ equity, beginning balance (in shares) at Dec. 31, 2023   98      
Stockholders’ equity, beginning balance at Dec. 31, 2023 135 $ 1 2,074 (1,811) (129)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 57        
Pension and postemployment benefit plans, net of tax 3        
Unrealized gain (loss) on derivatives, net of tax 4        
Stockholders’ equity, ending balance (in shares) at Jun. 30, 2024   96      
Stockholders’ equity, ending balance at Jun. 30, 2024 75 $ 1 2,131 (1,924) (133)
Stockholders’ equity, beginning balance (in shares) at Mar. 31, 2024   98      
Stockholders’ equity, beginning balance at Mar. 31, 2024 54 $ 1 2,103 (1,918) (132)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 37     37  
Employee stock compensation, employee stock purchase programs and option exercises, net of tax 28   28    
Repurchases of common stock, retired (in shares)   (2)      
Repurchases of common stock, retired (43)     (43)  
Pension and postemployment benefit plans, net of tax 2       2
Unrealized gain (loss) on derivatives, net of tax 0        
Currency translation adjustment (3)       (3)
Stockholders’ equity, ending balance (in shares) at Jun. 30, 2024   96      
Stockholders’ equity, ending balance at Jun. 30, 2024 75 $ 1 2,131 (1,924) (133)
Stockholders’ equity, beginning balance (in shares) at Dec. 31, 2024   95      
Stockholders’ equity, beginning balance at Dec. 31, 2024 133 $ 1 2,192 (1,913) (147)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 44     44  
Employee stock compensation, employee stock purchase programs and option exercises, net of tax (in shares)   2      
Employee stock compensation, employee stock purchase programs and option exercises, net of tax 22   22    
Repurchases of common stock, retired (in shares)   (1)      
Repurchases of common stock, retired (44)     (44)  
Pension and postemployment benefit plans, net of tax 2       2
Unrealized gain (loss) on derivatives, net of tax (3)       (3)
Currency translation adjustment 4       4
Stockholders’ equity, ending balance (in shares) at Mar. 31, 2025   96      
Stockholders’ equity, ending balance at Mar. 31, 2025 158 $ 1 2,214 (1,913) (144)
Stockholders’ equity, beginning balance (in shares) at Dec. 31, 2024   95      
Stockholders’ equity, beginning balance at Dec. 31, 2024 133 $ 1 2,192 (1,913) (147)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 53        
Pension and postemployment benefit plans, net of tax 3        
Unrealized gain (loss) on derivatives, net of tax (5)        
Stockholders’ equity, ending balance (in shares) at Jun. 30, 2025   95      
Stockholders’ equity, ending balance at Jun. 30, 2025 176 $ 1 2,244 (1,932) (137)
Stockholders’ equity, beginning balance (in shares) at Mar. 31, 2025   96      
Stockholders’ equity, beginning balance at Mar. 31, 2025 158 $ 1 2,214 (1,913) (144)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 9     9  
Employee stock compensation, employee stock purchase programs and option exercises, net of tax 30   30    
Repurchases of common stock, retired (in shares)   (1)      
Repurchases of common stock, retired (28)     (28)  
Pension and postemployment benefit plans, net of tax 1       1
Unrealized gain (loss) on derivatives, net of tax (2)       (2)
Currency translation adjustment 8       8
Stockholders’ equity, ending balance (in shares) at Jun. 30, 2025   95      
Stockholders’ equity, ending balance at Jun. 30, 2025 $ 176 $ 1 $ 2,244 $ (1,932) $ (137)