EQUITY

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

EQUITY

4 EQUITY

A summary of changes in equity for the three and six months ended June 30, 2024 and 2023 is provided below:

Three Months Ended June 30, 2024
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, 2024	45	$	45	$	54	$	2,253	$	(1,293)	$	(170)	$	889
Stock-based employee compensation	—	—		6		—		—		—		6
Share repurchases	—	—		—		—		—		(25)		(25)
Dividends ($0.45 per share)	—	—		—		(19)		—		—		(19)
Comprehensive income (loss)	—	—		—		83		(104)		—		(21)
Balance, June 30, 2024	45	$	45	$	60	$	2,317	$	(1,397)	$	(195)	$	830

Six Months Ended June 30, 2024
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, 2023	45	$	45	$	48	$	2,222	$	(1,256)	$	(158)	$	901
Stock-based employee compensation	—	—		12		—		—		(7)		5
Share repurchases	—	—		—		—		—		(30)		(30)
Dividends ($0.75 per share)	—	—		—		(31)		—		—		(31)
Comprehensive income (loss)	—	—		—		126		(141)		—		(15)
Balance, June 30, 2024	45	$	45	$	60	$	2,317	$	(1,397)	$	(195)	$	830

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