| Summary of changes in equity |
A summary of changes in equity for the three and six months ended June 30, 2026 and 2025 is provided below:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | In millions | | Shares | | Common Stock | | Paid-In Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total Equity | Balance, March 31, 2026 | | 46 | | | $ | 46 | | | $ | 93 | | | $ | 2,493 | | | $ | (1,317) | | | $ | (336) | | | $ | 979 | | Stock-based employee compensation | | — | | | — | | | 4 | | | — | | | — | | | — | | | 4 | | | Share repurchases | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Dividends ($0.45 per share) | | — | | | — | | | — | | | (18) | | | — | | | — | | | (18) | | Comprehensive income (loss) | | — | | | — | | | — | | | (11) | | | 1 | | | — | | | (10) | | | Balance, June 30, 2026 | | 46 | | | $ | 46 | | | $ | 97 | | | $ | 2,464 | | | $ | (1,316) | | | $ | (336) | | | $ | 955 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | In millions | | Shares | | Common Stock | | Paid-In Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total Equity | Balance, December 31, 2025 | | 46 | | | $ | 46 | | | $ | 89 | | | $ | 2,514 | | | $ | (1,353) | | | $ | (330) | | | $ | 966 | | Stock-based employee compensation | | — | | | — | | | 8 | | | — | | | — | | | (6) | | | 2 | | | Share repurchases | | — | | | — | | | — | | | — | | | — | | | — | | | 0 | | Dividends ($0.90 per share) | | — | | | — | | | — | | | (36) | | | — | | | — | | | (36) | | Comprehensive income (loss) | | — | | | — | | | — | | | (14) | | | 37 | | | — | | | 23 | | | Balance, June 30, 2026 | | 46 | | | $ | 46 | | | $ | 97 | | | $ | 2,464 | | | $ | (1,316) | | | $ | (336) | | | $ | 955 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | In millions | | Shares | | Common Stock | | Paid-In Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total Equity | Balance, March 31, 2025 | | 45 | | | $ | 45 | | | $ | 78 | | | $ | 2,463 | | | $ | (1,410) | | | $ | (268) | | | $ | 908 | | Stock-based employee compensation | | — | | | — | | | 7 | | | — | | | — | | | — | | | 7 | | | Share repurchases | | — | | | — | | | — | | | — | | | — | | | (20) | | | (20) | | Dividends ($0.45 per share) | | — | | | — | | | — | | | (18) | | | — | | | — | | | (18) | | Comprehensive income (loss) | | — | | | — | | | — | | | 15 | | | 67 | | | — | | | 82 | | | Balance, June 30, 2025 | | 45 | | | $ | 45 | | | $ | 85 | | | $ | 2,460 | | | $ | (1,343) | | | $ | (288) | | | $ | 959 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | In millions | | Shares | | Common Stock | | Paid-In Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total Equity | Balance, December 31, 2024 | | 45 | | | $ | 45 | | | $ | 71 | | | $ | 2,455 | | | $ | (1,490) | | | $ | (234) | | | $ | 847 | | Share-based employee compensation | | — | | | — | | | 14 | | | — | | | — | | | (14) | | | — | | | Share repurchases | | — | | | — | | | — | | | — | | | — | | | (40) | | | (40) | | Dividends ($0.90 per share) | | — | | | — | | | — | | | (37) | | | — | | | — | | | (37) | | Comprehensive income (loss) | | — | | | — | | | — | | | 42 | | | 147 | | | — | | | 189 | | | Balance, June 30, 2025 | | 45 | | | $ | 45 | | | $ | 85 | | | $ | 2,460 | | | $ | (1,343) | | | $ | (288) | | | $ | 959 | |
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