v3.25.4
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive (Loss) Gain
Beginning balance at Dec. 31, 2022 $ 2,937 $ 0 $ 23 $ 1,192 $ 2,518 $ (796)
Beginning balance (in shares) at Dec. 31, 2022     46,287,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 547       406 141
Common stock dividends declared (125)       (125)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     1,176,000      
Common stock issued under employee stock award and stock purchase plans and other (1) [1] $ 3   $ 1 1 1  
Common stock repurchased( in shares) (3,600,000)   (3,561,000)      
Common stock repurchased $ (337)   $ (2) (89) (246)  
Share-based compensation expense 44     44    
Ending balance at Dec. 31, 2023 3,069 0 $ 22 1,148 2,554 (655)
Ending balance (in shares) at Dec. 31, 2023     43,902,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 452       489 (37)
Common stock dividends declared (135)       (135)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     663,000      
Common stock issued under employee stock award and stock purchase plans and other (1) [1] $ 10     9 1  
Common stock repurchased( in shares) (2,500,000)   (2,485,000)      
Common stock repurchased $ (321)   $ (1) (55) (265)  
Share-based compensation expense 42     42    
Ending balance at Dec. 31, 2024 $ 3,117 0 $ 21 1,144 2,644 (692)
Ending balance (in shares) at Dec. 31, 2024 42,080,039   42,080,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income $ 571       499 72
Common stock dividends declared (144)       (144)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     512,000      
Common stock issued under employee stock award and stock purchase plans and other (1) [1] $ (12)   $ 1 (13) 0  
Common stock repurchased( in shares) (3,200,000)   (3,175,000)      
Common stock repurchased $ (519)   $ (2) (87) (430)  
Share-based compensation expense 39     39    
Ending balance at Dec. 31, 2025 $ 3,052 $ 0 $ 20 $ 1,083 $ 2,569 $ (620)
Ending balance (in shares) at Dec. 31, 2025 39,417,224   39,417,000      
[1] Net of common shares delivered as payment for the exercise price or to satisfy the holders' withholding tax liability upon exercise of options.