v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2024 $ 3,117 $ 0 $ 21 $ 1,144 $ 2,644 $ (692)
Beginning balance (in shares) at Dec. 31, 2024     42,080,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 422       367 55
Common stock dividends declared (107)       (107)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     486,000      
Common stock issued under employee stock award and stock purchase plans and other [1] $ (17)     (17)    
Common stock repurchases (in shares) (2,200,000)   (2,189,000)      
Common stock repurchases $ (350)   $ (1) (60) (289)  
Share-based compensation 29     29    
Ending balance at Sep. 30, 2025 3,094 0 $ 20 1,096 2,615 (637)
Ending balance (in shares) at Sep. 30, 2025     40,377,000      
Beginning balance at Jun. 30, 2025 3,074 0 $ 20 1,100 2,590 (636)
Beginning balance (in shares) at Jun. 30, 2025     40,791,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 137       138 (1)
Common stock dividends declared (38)       (38)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [2]     74,000      
Common stock issued under employee stock award and stock purchase plans and other [2] $ 1       1  
Common stock repurchases (in shares) (500,000)   (488,000)      
Common stock repurchases $ (90)     (14) (76)  
Share-based compensation 10     10    
Ending balance at Sep. 30, 2025 3,094 0 $ 20 1,096 2,615 (637)
Ending balance (in shares) at Sep. 30, 2025     40,377,000      
Beginning balance at Dec. 31, 2025 $ 3,052 0 $ 20 1,083 2,569 (620)
Beginning balance (in shares) at Dec. 31, 2025 39,417,224   39,417,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income $ 394       388 6
Common stock dividends declared (112)       (112)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     477,000      
Common stock issued under employee stock award and stock purchase plans and other [1] $ (15)     (16) 1  
Common stock repurchases (in shares) (1,700,000)   (1,675,000)      
Common stock repurchases $ (372)   $ (1) (45) (326)  
Share-based compensation 30     30    
Ending balance at Sep. 30, 2026 $ 2,977 0 $ 19 1,052 2,520 (614)
Ending balance (in shares) at Sep. 30, 2026 38,218,715   38,219,000      
Beginning balance at Jun. 30, 2026 $ 2,879 0 $ 19 1,040 2,434 (614)
Beginning balance (in shares) at Jun. 30, 2026     38,347,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 162       162  
Common stock dividends declared (39)       (39)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [2]     27,000      
Common stock issued under employee stock award and stock purchase plans and other [2] $ 4     5 (1)  
Common stock repurchases (in shares) (200,000)   (155,000)      
Common stock repurchases $ (40)     (4) (36)  
Share-based compensation 11     11    
Ending balance at Sep. 30, 2026 $ 2,977 $ 0 $ 19 $ 1,052 $ 2,520 $ (614)
Ending balance (in shares) at Sep. 30, 2026 38,218,715   38,219,000      
[1] Net of common shares delivered as payment for the exercise price or to satisfy the holders' withholding tax liability upon exercise or vesting of stock awards.
[2] Net of common shares delivered as payment for the exercise price or to satisfy the holders' withholding tax liability upon exercise or vesting of stock awards.