EQUITY

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

EQUITY

EQUITY

A summary of changes in equity for the three months and six months ended June 30, 2025 and 2024 is provided below:

Three Months Ended June 30, 2025
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, 2025	45	$	45	$	78	$	2,463	$	(1,410)	$	(268)	$	908
Stock-based employee compensation	—	—		7		—		—		—		7
Share repurchases	—	—		—		—		—		(20)		(20)
Dividends ($0.45 per share)	—	—		—		(18)		—		—		(18)
Comprehensive income (loss)	—	—		—		15		67		—		82
Balance, June 30, 2025	45	$	45	$	85	$	2,460	$	(1,343)	$	(288)	$	959

Six Months Ended June 30, 2025
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, 2024	45	$	45	$	71	$	2,455	$	(1,490)	$	(234)	$	847
Stock-based employee compensation	—	—		14		—		—		(14)		—
Share repurchases	—	—		—		—		—		(40)		(40)
Dividends ($0.90 per share)	—	—		—		(37)		—		—		(37)
Comprehensive income (loss)	—	—		—		42		147		—		189
Balance, June 30, 2025	45	$	45	$	85	$	2,460	$	(1,343)	$	(288)	$	959

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