Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Equity

v3.25.4
Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings/(Accumulated Deficit)
Accumulated Other Comprehensive Income/(Loss)
Treasury Stock, Common
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Shares, Outstanding   86,000,000        
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 289     289    
Other comprehensive income (loss) (19)       (19)  
Dividends 119     119    
Stock Repurchased During Period, Shares   (5,000,000)        
Repurchase of common stock (397)         (397)
Net Share Settlement of Incentive Equity Awards (9)   (9)      
Net income 38   38      
Stockholders' Equity, Other 1   1      
Balance as of end of period, value at Dec. 31, 2023 746 $ 1 1,599 488 19 (1,361)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Shares, Outstanding   81,000,000        
Net income 289     289    
Other comprehensive income (loss) (2)       (2)  
Dividends 123     123    
Stock Repurchased During Period, Shares   (4,000,000)        
Repurchase of common stock (308)         (308)
Net Share Settlement of Incentive Equity Awards (20)   (20)      
Net income 45   45      
Exercised (in shares)   1,000,000        
Stock Issued During Period, Value, Stock Options Exercised 22   22      
Stockholders' Equity, Other 1   1      
Balance as of end of period, value at Dec. 31, 2024 650 $ 1 1,647 654 17 (1,669)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Shares, Outstanding   78,000,000        
Net income 193          
Other comprehensive income (loss) (14)       (14)  
Dividends 127     127    
Stock Repurchased During Period, Shares   (3,000,000)        
Repurchase of common stock (266)         (266)
Stock Repurchased and Retired During Period, Value     1,665 249   1,914
Net Share Settlement of Incentive Equity Awards (23)   (23)      
Net income $ 43   43      
Exercised (in shares) 200,000          
Stock Issued During Period, Value, Stock Options Exercised $ 12   12      
Balance as of end of period, value at Dec. 31, 2025 $ 468 $ 1 $ 14 $ 471 $ 3 $ (21)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Shares, Outstanding   75,000,000