Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated and Combined Statements of Equity (Unaudited)

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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, 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)
Balance as of beginning of period, shares at Dec. 31, 2023   81        
Balance as of beginning of period, value at Dec. 31, 2023 746 $ 1 1,599 488 19 (1,361)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 16     16    
Period change 8       8  
Dividends (32)     (32)    
Repurchase of common stock (57)         (57)
Net share settlement of incentive equity awards (17)   (17)      
APIC, Share-Based Payment Arrangement, Other, Increase for Cost Recognition 10   10      
Ending balance, shares at Mar. 31, 2024   81        
Balance as of end of period, value at Mar. 31, 2024 $ 674 $ 1 $ 1,592 $ 472 $ 27 $ (1,418)