Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.25.0.1
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted EPS
The following table sets forth the computation of basic and diluted EPS (in millions, except per-share data) for the years ended December 31:
2024 2023 2022
Net income $ 289  $ 289  $ 355 
Basic weighted average shares outstanding
79.5  84.4  90.3 
Stock options and restricted stock units (“RSUs”) (a)
0.6  0.5  0.5 
Diluted weighted average shares outstanding
80.1  84.9  90.8 
Earnings per share:
Basic
$ 3.64  $ 3.43  $ 3.93 
Diluted
3.61  3.41  3.91 
Dividends:
Cash dividends declared per share
$ 1.52  $ 1.40  $ 1.28 
Aggregate dividends paid to stockholders
$ 122  $ 118  $ 116 
Schedule of Stock Repurchase Activity
The following table summarizes stock repurchase activity under the current stock repurchase program (in millions, except per share data):
Shares Cost Average Price Per Share
As of December 31, 2023 20.7  $ 1,361  $ 65.69 
For the twelve months ended December 31, 2024
4.1  308  75.63 
As of December 31, 2024 24.8  $ 1,669  $ 67.32