STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2026

Stockholders' Equity Note [Abstract]

Schedule of 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 stock						Additional paid-in-capital						Treasury stock						Retained 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 stock						Additional paid-in-capital						Treasury stock						Retained earnings						Accumulated 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 stock						Additional paid-in-capital						Treasury stock						Retained 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 stock						Additional paid-in-capital						Treasury stock						Retained earnings						Accumulated 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