EQUITY

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

EQUITY

4 EQUITY

A summary of changes in equity for the three months and six months ended June 30, 2023 and 2022 is provided below:

Three Months Ended June 30, 2023
In millions	Shares	Common Stock		Paid-In Capital		Retained Earnings		Accumulated  Other Comprehensive Loss		Common Stock Held In Treasury, At Cost		Total Equity
Balance, March 31, 2023	44	$	44	$	32	$	2,116	$	(1,305)	$	(97)	$	790
Stock-based employee compensation	—	1		7		—		—		—		8
Share repurchases	—	—		—		—		—		(30)		(30)
Dividends ($0.25 per share)	—	—		—		(12)		—		—		(12)
Comprehensive income (loss)	—	—		—		49		57		—		106
Balance, June 30, 2023	44	$	45	$	39	$	2,153	$	(1,248)	$	(127)	$	862

Six Months Ended June 30, 2023
In millions	Shares		Common Stock		Paid-In Capital		Retained Earnings		Accumulated  Other Comprehensive Loss		Common Stock Held In Treasury, At Cost		Total Equity
Balance, December 31, 2022	$	44	$	44	$	25	$	2,029	$	(1,338)	$	(82)	$	678
Stock-based employee compensation	—		1		14		—		—		(5)		10
Share repurchases	—		—		—		—		—		(40)		(40)
Dividends ($0.50 per share)	—		—		—		(22)		—		—		(22)
Comprehensive income (loss)	—		—		—		146		90				236
Balance, June 30, 2023	44		$	45	$	39	$	2,153	$	(1,248)	$	(127)	$	862

Three Months Ended June 30, 2022
In millions	Shares	Common Stock		Paid-In Capital		Retained Earnings		Accumulated  Other Comprehensive Loss		Common Stock Held In Treasury, At Cost		Total Equity
Balance, March 31, 2022	44	$	44	$	8	$	1,961	$	(1,680)	$	(2)	$	331
Stock-based employee compensation	—	—		6		—		—		—		6
Dividends ($0.1125 per share)	—	—				(5)		—		—		(5)
Comprehensive income (loss)	—	—		—		(59)		(21)		—		(80)
Balance, June 30, 2022	44	$	44	$	14	$	1,897	$	(1,701)	$	(2)	$	252

Six Months Ended June 30, 2022
In millions	Shares	Common Stock		Paid-In Capital		Retained Earnings		Accumulated  Other Comprehensive Loss		Common Stock Held In Treasury, At Cost		Total Equity
Balance, December 31, 2021	44	$	44	$	4	$	1,935	$	(1,801)	$	—	182
Stock-based employee compensation	—	—		10		—		—		(2)		8
Dividends ($0.1125 per share)	—	—		—		(5)		—		—		(5)
Comprehensive income (loss)	—	—		—		(33)		100				67
Balance, June 30, 2022	44	$	44	$	14	$	1,897	$	(1,701)	$	(2)	$	252