EQUITY

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

EQUITY

4 EQUITY

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

Three Months Ended September 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, June 30, 2023	45	$	45	$	39	$	2,153	$	(1,248)	$	(127)	$	862
Stock-based employee compensation	—	—		6		—		—		—		6
Share repurchases	—	—		—		—		—		(14)		(14)
Dividends ($0.60 per share)	—	—		—		(26)		—		—		(26)
Comprehensive income (loss)	—	—		—		58		(50)		—		8
Balance, September 30, 2023	45	$	45	$	45	$	2,185	$	(1,298)	$	(141)	$	836

Nine Months Ended September 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	1		20		—		—		(5)		16
Share repurchases	—	—		—		—		—		(54)		(54)
Dividends ($1.10 per share)	—	—		—		(48)		—		—		(48)
Comprehensive income (loss)	—	—		—		204		40		—		244
Balance, September 30, 2023	45	$	45	$	45	$	2,185	$	(1,298)	$	(141)	$	836

Three Months Ended September 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, June 30, 2022	44	$	44	$	14	$	1,897	$	(1,701)	$	(2)	$	252
Stock-based employee compensation	—	—		6		—		—		—		6
Dividends ($0.1125 per share)	—	—		—		(5)		—		—		(5)
Comprehensive income (loss)	—	—		—		57		(52)		—		5
Balance, September 30, 2022	44	$	44	$	20	$	1,949	$	(1,753)	$	(2)	$	258

Nine Months Ended September 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	—	—		16		—		—		(2)		14
Dividends ($0.2250 per share)	—	—		—		(10)		—		—		(10)
Comprehensive income (loss)	—	—		—		24		48		—		72
Balance, September 30, 2022	44	$	44	$	20	$	1,949	$	(1,753)	$	(2)	$	258