v3.26.1
STOCKHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
The changes of the Stockholders’ Equity items during the three and six months ended June 30, 2026 and 2025, are as follows:
(in millions)Issued common stockAdditional paid-in-capitalTreasury stockRetained earnings
Accumulated other comprehensive income (loss)
Total equity
Balance, March 31, 2026$1 $1,973 $(479)$158 (104)$1,549 
Dividends declared ($0.30 per share)
— — — (11)— (11)
Stock-based compensation expense— 7 — — — 7 
Purchase of treasury stock— — (42)— — (42)
Excise tax on purchase of treasury stock— — (1)— — (1)
Net issuance of executive stock plan— (1)— — — (1)
Net earnings— — — 40 — 40 
Balance, June 30, 2026$1 $1,979 $(522)$187 $(104)$1,541 
(in millions)Issued common stockAdditional paid-in-capitalTreasury stockRetained earningsAccumulated other comprehensive income (loss)Total equity
Balance, March 31, 2025$1 $1,970 $(327)$59 $(166)$1,537 
Dividends declared ($0.27 per share)
— — — (10)— (10)
Stock-based compensation expense— 4 — — — 4 
Purchase of treasury stock— — (40)— — (40)
Net earnings— — — 46 — 46 
Other comprehensive income— — — — 90 90 
Balance, June 30, 2025$1 $1,974 $(367)$95 $(76)$1,627 
(in millions)Issued common stockAdditional paid-in-capitalTreasury stockRetained earnings
Accumulated other comprehensive income (loss)
Total equity
Balance, December 31, 2025$1 $1,978 $(426)$132 $(98)$1,587 
Dividends declared ($0.60 per share)
— — — (22)— (22)
Stock-based compensation expense— 12 — — — 12 
Purchase of treasury stock— — (98)— — (98)
Excise tax on purchase of treasury stock— — (1)— — (1)
Net issuance of executive stock plan— (11)3 — — (8)
Net earnings— — — 77 — 77 
Other comprehensive loss— — — — (6)(6)
Balance, June 30, 2026$1 $1,979 $(522)$187 $(104)$1,541 
(in millions)Issued common stockAdditional paid-in-capitalTreasury stockRetained earningsAccumulated other comprehensive income (loss)Total equity
Balance, December 31, 2024$1 $1,976 $(230)$44 $(217)$1,574 
Dividends declared ($0.54 per share)
— — — (21)— (21)
Stock-based compensation expense— 8 — — — 8 
Purchase of treasury stock— — (140)— — (140)
Excise tax on purchase of treasury stock— — (1)— — (1)
Net issuance of executive stock plan— (10)4 — — (6)
Net earnings— — — 72 — 72 
Other comprehensive income— — — — 141 141 
Balance, June 30, 2025$1 $1,974 $(367)$95 $(76)$1,627