EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following tables present the calculation of our basic and diluted EPS and the corresponding weighted average shares outstanding referenced in these calculations for the years ended December 31, 2023, 2022, and 2021.

	Year Ended December 31,
($ and shares outstanding in millions, except per share amounts)	2023		2022		2021
Basic EPS:
Numerator:
Net income	$	313	$	352	$	176
Denominator:
Weighted average shares outstanding	110.1		118.0		99.7
Basic EPS(1)	$	2.84	$	2.98	$	1.77
Diluted EPS:
Numerator:
Net income	$	313	$	352	$	176
Denominator:
Weighted average shares outstanding	111.6		119.6		101.1
Diluted EPS(1)	$	2.80	$	2.93	$	1.75
Basic weighted average shares outstanding	110.1		118.0		99.7
RSUs(2), PSUs(3), Options(4) and ESPP	1.5		1.6		1.4
Diluted weighted average shares outstanding	111.6		119.6		101.1

(1)Earnings per share amounts are calculated using whole numbers.

(2) There were no anti-dilutive RSUs for the years ended December 31, 2023, 2022, and 2021, respectively.

(3) There were no anti-dilutive PSUs for the years ended December 31, 2023, 2022, and 2021, respectively.

(4) Excludes $0.8 million (or approximately 818,000 shares), $0.8 million (or approximately 760,000 shares), and $0.7 million (or approximately 652,000 shares) of Options that would have been anti-dilutive to EPS for the years ended December 31, 2023, 2022, and 2021, respectively, under the treasury stock method. These Options could potentially dilute EPS in the future.

Schedule of Stock Repurchase Activity Under the Share Repurchase Program

The following table summarizes stock repurchase activity under the share repurchase program as of December 31, 2023:

(in millions)	Shares	Cost
As of December 31, 2022	7	$	272
Repurchases	9	368
As of December 31, 2023	16	$	640