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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
[2]
Beginning balance (in shares) at Dec. 31, 2023 [1]   67,000,000        
Beginning balance at Dec. 31, 2023   $ 1 $ 2,650 $ 11,672 $ (5,965) $ (228)
Beginning balance (in shares) at Dec. 31, 2023         48,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 542     542    
Dividends declared [3]       (111)    
Foreign currency translation adjustments $ (51) [4]         (51)
Stock compensation expense, net (in shares) [1]   0        
Stock compensation expense, net     28      
Tax withholding for share based compensation     (40)      
Repurchase of common stock (in shares)   0 [1]     0  
Repurchase of common stock         $ (378)  
Ending balance (in shares) at Mar. 31, 2024 [1]   67,000,000        
Ending balance at Mar. 31, 2024   $ 1 2,638 12,103 $ (6,343) (279)
Ending balance (in shares) at Mar. 31, 2024         48,000,000  
Beginning balance (in shares) at Dec. 31, 2024 65,305,731 65,000,000 [1]        
Beginning balance at Dec. 31, 2024 $ 8,622 $ 1 2,691 13,813 $ (7,478) (405)
Beginning balance (in shares) at Dec. 31, 2024 49,873,619       50,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 518     518    
Dividends declared [3]       (117)    
Foreign currency translation adjustments $ 21 [4]         21
Stock compensation expense, net     36      
Tax withholding for share based compensation     (39)      
Repurchase of common stock (in shares)   0 [1]     0  
Repurchase of common stock         $ (252)  
Ending balance (in shares) at Mar. 31, 2025 64,997,902 65,000,000 [1]        
Ending balance at Mar. 31, 2025 $ 8,789 $ 1 $ 2,688 $ 14,214 $ (7,730) $ (384)
Ending balance (in shares) at Mar. 31, 2025 50,272,964       50,000,000  
[1] Common stock outstanding decreased by approximately two million net shares during the year ended December 31, 2024.
[2] The Accumulated Other Comprehensive Loss balance primarily reflects foreign currency translation adjustments.
[3] We declared dividends of $1.79 and $1.63 per share during the three months ended March 31, 2025 and 2024, respectively.
[4] There were no material reclassifications from accumulated other comprehensive loss reflected in other comprehensive income (loss) during 2025 or 2024. There were no material taxes associated with other comprehensive income (loss) during 2025 or 2024.