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Consolidated and Combined Statements of Equity (FY) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Additional Paid-In Capital
Common Stock
Retained Earnings
Net Former Parent Investment
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Balance, beginning of period at Dec. 31, 2020           $ 3,989 $ (814) $ 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net earnings for the year $ 861         861    
Net transfers to Former Parent           (800)    
Other comprehensive loss (73)           (73)  
Former Parent common stock-based award activity/common stock-based award activity           34    
Balance, end of period at Dec. 31, 2021           4,084 (887) 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net earnings for the year 845         845    
Net transfers to Former Parent           (781)    
Other comprehensive loss (67)           (67)  
Former Parent common stock-based award activity/common stock-based award activity           41    
Change in noncontrolling interests               1
Balance, end of period (in shares) at Dec. 31, 2022   0            
Balance, end of period at Dec. 31, 2022 3,240 $ 0 $ 0   $ 0 4,189 (954) 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Other comprehensive loss             21  
Balance, end of period (in shares) at Mar. 31, 2023   0            
Balance, end of period at Mar. 31, 2023   $ 0 0   0   (933) 5
Balance, beginning of period (in shares) at Dec. 31, 2022   0            
Balance, beginning of period at Dec. 31, 2022 3,240 $ 0 0   0 4,189 (954) 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net earnings for the year 434              
Other comprehensive loss 28              
Balance, end of period (in shares) at Jun. 30, 2023   0            
Balance, end of period at Jun. 30, 2023   $ 0 0   0   (926) 5
Balance, beginning of period (in shares) at Dec. 31, 2022   0            
Balance, beginning of period at Dec. 31, 2022 3,240 $ 0 0   0 4,189 (954) 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net earnings for the year 839       200 639    
Common stock dividends declared         (22)      
Recapitalization (in shares)   246,300,000            
Recapitalization (2) $ 2            
Consideration paid to Former Parent in connection with Separation           (2,600)    
Net transfers to Former Parent           (147)    
Other comprehensive loss 0              
Former Parent common stock-based award activity/common stock-based award activity       $ 23   35    
Noncash adjustments to Former Parent's investment, net (2,114)   2,114          
Stock-based deferred compensation award activity     20          
Change in noncontrolling interests               1
Balance, end of period (in shares) at Dec. 31, 2023   246,300,000            
Balance, end of period at Dec. 31, 2023 1,389 $ 2 2,157   178 0 (954) 6
Balance, beginning of period (in shares) at Mar. 31, 2023   0            
Balance, beginning of period at Mar. 31, 2023   $ 0 0   0   (933) 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net earnings for the year 209              
Other comprehensive loss 7           7  
Balance, end of period (in shares) at Jun. 30, 2023   0            
Balance, end of period at Jun. 30, 2023   $ 0 0   0   (926) 5
Balance, beginning of period (in shares) at Dec. 31, 2023   246,300,000            
Balance, beginning of period at Dec. 31, 2023 1,389 $ 2 2,157   178 0 (954) 6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net earnings for the year         184      
Other comprehensive loss             (27)  
Former Parent common stock-based award activity/common stock-based award activity     18          
Balance, end of period (in shares) at Mar. 29, 2024   246.8            
Balance, end of period at Mar. 29, 2024   $ 2 2,121   340   (981) 6
Balance, beginning of period (in shares) at Dec. 31, 2023   246,300,000            
Balance, beginning of period at Dec. 31, 2023 1,389 $ 2 2,157   178 $ 0 (954) 6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net earnings for the year 387              
Other comprehensive loss (53)              
Balance, end of period (in shares) at Jun. 28, 2024   247.1            
Balance, end of period at Jun. 28, 2024 1,672 $ 2 2,150   521   (1,007) 6
Balance, beginning of period (in shares) at Mar. 29, 2024   246.8            
Balance, beginning of period at Mar. 29, 2024   $ 2 2,121   340   (981) 6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net earnings for the year 203       203      
Other comprehensive loss (26)           (26)  
Former Parent common stock-based award activity/common stock-based award activity     29          
Balance, end of period (in shares) at Jun. 28, 2024   247.1            
Balance, end of period at Jun. 28, 2024 $ 1,672 $ 2 $ 2,150   $ 521   $ (1,007) $ 6