Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated and Combined Statements of Equity (Unaudited)

v3.23.1
Condensed Consolidated and Combined Statements of Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings, Appropriated [Member]
AOCI Attributable to Parent [Member]
Treasury Stock, Common
Balance as of beginning of period, shares at Dec. 31, 2021   92        
Balance as of beginning of period, value at Dec. 31, 2021 $ 1,089 $ 1 $ 1,543 $ 79 $ (15) $ (519)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 106     106    
Period change 31       31  
Dividends (30)     (30)    
Repurchase of common stock (38)         (38)
Net share settlement of incentive equity awards (9)   (9)      
APIC, Share-Based Payment Arrangement, Other, Increase for Cost Recognition 8   8      
Stock Issued During Period, Value, Stock Options Exercised 2   2      
Ending balance, shares at Mar. 31, 2022   92        
Balance as of end of period, value at Mar. 31, 2022 1,159 $ 1 1,544 155 16 (557)
Balance as of beginning of period, shares at Dec. 31, 2022   86        
Balance as of beginning of period, value at Dec. 31, 2022 962 $ 1 1,569 318 38 (964)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 67     67    
Period change (6)       (6)  
Dividends (31)     (31)    
Repurchase of common stock (56)         (56)
Net share settlement of incentive equity awards (9)   (9)      
APIC, Share-Based Payment Arrangement, Other, Increase for Cost Recognition 9   9      
Ending balance, shares at Mar. 31, 2023   86        
Balance as of end of period, value at Mar. 31, 2023 $ 936 $ 1 $ 1,569 $ 354 $ 32 $ (1,020)