EQUITY

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

EQUITY

4 EQUITY

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

Three Months Ended September 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, June 30, 2024	45	$	45	$	60	$	2,317	$	(1,397)	$	(195)	$	830
Stock-based employee compensation	—	—		5		—		—		—		5
Share repurchases	—	—		—		—		—		—		—
Dividends ($0.45 per share)	—	—		—		(19)		—		—		(19)
Comprehensive income (loss)	—	—		—		95		26		—		121
Balance, September 30, 2024	45	$	45	$	65	$	2,393	$	(1,371)	$	(195)	$	937

Nine Months Ended September 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	—	—		17		—		—		(7)		10
Share repurchases	—	—		—		—		—		(30)		(30)
Dividends ($1.20 per share)	—	—		—		(50)		—		—		(50)
Comprehensive income (loss)	—	—		—		221		(115)		—		106
Balance, September 30, 2024	45	$	45	$	65	$	2,393	$	(1,371)	$	(195)	$	937

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