| STOCKHOLDERS' EQUITY |
STOCKHOLDERS' EQUITY The changes of the Stockholders’ Equity items during the three and nine months ended September 30, 2026 and 2025, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | | | | Issued common stock | | Additional paid-in-capital | | Treasury stock | | Retained earnings | | Accumulated other comprehensive loss | | Total equity | | Balance, June 30, 2026 | | | | | $ | 1 | | | $ | 1,979 | | | $ | (522) | | | $ | 187 | | | (104) | | | $ | 1,541 | | Dividends declared ($0.30 per share) | | | | | — | | | — | | | — | | | (11) | | | — | | | (11) | | | | | | | | | | | | | | | | | | | Stock-based compensation expense | | | | | — | | | 5 | | | — | | | — | | | — | | | 5 | | | Purchase of treasury stock | | | | | — | | | — | | | (65) | | | — | | | — | | | (65) | | | Excise tax on purchase of treasury stock | | | | | — | | | — | | | (1) | | | — | | | — | | | (1) | | | Net issuance of executive stock plan | | | | | — | | | (4) | | | 2 | | | — | | | — | | | (2) | | | | | | | | | | | | | | | | | | | Net earnings | | | | | — | | | — | | | — | | | 67 | | | — | | | 67 | | | Other comprehensive loss | | | | | — | | | — | | | — | | | — | | | (9) | | | (9) | | | Balance, September 30, 2026 | | | | | $ | 1 | | | $ | 1,980 | | | $ | (586) | | | $ | 243 | | | $ | (113) | | | $ | 1,525 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | | | | Issued common stock | | Additional paid-in-capital | | Treasury stock | | Retained earnings | | Accumulated other comprehensive loss | | Total equity | | Balance, June 30, 2025 | | | | | $ | 1 | | | $ | 1,974 | | | $ | (367) | | | $ | 95 | | | $ | (76) | | | $ | 1,627 | | Dividends declared ($0.27 per share) | | | | | — | | | — | | | — | | | (11) | | | — | | | (11) | | | | | | | | | | | | | | | | | | | Stock-based compensation expense | | | | | — | | | 5 | | | — | | | — | | | — | | | 5 | | | Purchase of treasury stock | | | | | — | | | — | | | (30) | | | — | | | — | | | (30) | | | Excise tax on purchase of treasury stock | | | | | — | | | — | | | (1) | | | — | | | — | | | (1) | | | Net issuance of executive stock plan | | | | | — | | | (4) | | | 1 | | | — | | | — | | | (3) | | | Net earnings | | | | | — | | | — | | | — | | | 13 | | | — | | | 13 | | | Other comprehensive loss | | | | | — | | | — | | | — | | | — | | | (14) | | | (14) | | | | | | | | | | | | | | | | | | | Balance, September 30, 2025 | | | | | $ | 1 | | | $ | 1,975 | | | $ | (397) | | | $ | 97 | | | $ | (90) | | | $ | 1,586 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | | | | Issued common stock | | Additional paid-in-capital | | Treasury stock | | Retained earnings | | Accumulated other comprehensive loss | | Total equity | | Balance, December 31, 2025 | | | | | $ | 1 | | | $ | 1,978 | | | $ | (426) | | | $ | 132 | | | $ | (98) | | | $ | 1,587 | | Dividends declared ($0.90 per share) | | | | | — | | | — | | | — | | | (33) | | | — | | | (33) | | | | | | | | | | | | | | | | | | | Stock-based compensation expense | | | | | — | | | 17 | | | — | | | — | | | — | | | 17 | | | Purchase of treasury stock | | | | | — | | | — | | | (163) | | | — | | | — | | | (163) | | | Excise tax on purchase of treasury stock | | | | | — | | | — | | | (2) | | | — | | | — | | | (2) | | | Net issuance of executive stock plan | | | | | — | | | (15) | | | 5 | | | — | | | — | | | (10) | | | | | | | | | | | | | | | | | | | Net earnings | | | | | — | | | — | | | — | | | 144 | | | — | | | 144 | | | Other comprehensive loss | | | | | — | | | — | | | — | | | — | | | (15) | | | (15) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance, September 30, 2026 | | | | | $ | 1 | | | $ | 1,980 | | | $ | (586) | | | $ | 243 | | | $ | (113) | | | $ | 1,525 | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | | | | Issued common stock | | Additional paid-in-capital | | Treasury stock | | Retained earnings | | Accumulated other comprehensive (loss) income | | Total equity | | | | | | Balance, December 31, 2024 | | | | | $ | 1 | | | $ | 1,976 | | | $ | (230) | | | $ | 44 | | | $ | (217) | | | $ | 1,574 | | | | | | Dividends declared ($0.54 per share) | | | | | — | | | — | | | — | | | (32) | | | — | | | (32) | | | | | | | Stock-based compensation expense | | | | | — | | | 13 | | | — | | | — | | | — | | | 13 | | | | | | | Purchase of treasury stock | | | | | — | | | — | | | (170) | | | — | | | — | | | (170) | | | | | | | Excise tax on purchase of treasury stock | | | | | — | | | — | | | (2) | | | — | | | — | | | (2) | | | | | | | Net issuance of executive stock plan | | | | | — | | | (14) | | | 5 | | | — | | | — | | | (9) | | | | | | | Net earnings | | | | | — | | | — | | | — | | | 85 | | | — | | | 85 | | | | | | | Other comprehensive income | | | | | — | | | — | | | — | | | — | | | 127 | | | 127 | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance, September 30, 2025 | | | | | $ | 1 | | | $ | 1,975 | | | $ | (397) | | | $ | 97 | | | $ | (90) | | | $ | 1,586 | | | | | |
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