v3.26.1
Stockholders' Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders' Equity

7. Stockholders’ Equity

The following table summarizes our common share repurchases, issuances and dividends paid.

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(Dollars and shares in millions, except per share amounts)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Common stock repurchased(1)

 

 

.3

 

 

 

1.9

 

 

 

2.6

 

 

 

4.5

 

Common stock repurchased (in dollars)(1)

 

$

2

 

 

$

24

 

 

$

26

 

 

$

59

 

Average purchase price per share(1)

 

$

7.81

 

 

$

12.56

 

 

$

9.67

 

 

$

13.22

 

Remaining common stock repurchase authority(1)

 

$

74

 

 

$

52

 

 

$

74

 

 

$

52

 

Shares repurchased related to employee stock-based
  compensation plans(2)

 

 

—

 

 

 

—

 

 

 

.4

 

 

 

.4

 

Average purchase price per share(2)

 

$

—

 

 

$

—

 

 

$

9.67

 

 

$

13.74

 

Common shares issued(3)

 

 

.1

 

 

 

—

 

 

 

1.3

 

 

 

1.3

 

Dividends paid

 

$

15

 

 

$

16

 

 

$

30

 

 

$

32

 

Dividends per share

 

$

.16

 

 

$

.16

 

 

$

.32

 

 

$

.32

 

(1)
Common shares purchased under our share repurchase program. Our Board of Directors authorized a $100 million share repurchase program in October 2025.
(2)
Comprises shares withheld from the vesting of restricted stock for employees’ tax withholding obligations.
(3)
Common shares issued under our various compensation and benefit plans.

The closing price of our common stock on June 30, 2026 was $8.51.