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Condensed Consolidated Statements of Shareholders' Equity - USD ($)
shares in Thousands, $ in Millions
Total
Common equities
Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Beginning Balance at Dec. 31, 2022   $ 397 $ 1,392 $ 11,711 $ (614) $ (2,324)
Share-based awards   0 (6)     7
Share-based compensation     22      
Other     2     1
Net Income $ 759     759    
Dividends declared       (235)    
Other comprehensive loss (12)       (12)  
Shares acquired - share repurchase authorization           (67)
Shares acquired - share-based compensation plans           (3)
Ending Balance at Jun. 30, 2023 11,030 $ 397 1,410 12,235 (626) (2,386)
Beginning Balance (in shares) at Dec. 31, 2022   157,100        
Share-based awards (in shares)   300        
Shares acquired - share repurchase authorization (in shares)   (600)        
Shares acquired during period, Employee Share-Based Compensation Plans, Shares   0        
Ending Balance (in shares) at Jun. 30, 2023   156,800        
Dividends declared per common share (in dollars per share)   $ 1.50        
Beginning Balance at Mar. 31, 2023   $ 397 1,398 11,818 (527) (2,345)
Share-based awards   0 0     0
Share-based compensation     10      
Other     2     1
Net Income 534     534    
Dividends declared       (117)    
Other comprehensive loss (99)       (99)  
Shares acquired - share repurchase authorization           (42)
Shares acquired - share-based compensation plans           0
Ending Balance at Jun. 30, 2023 11,030 $ 397 1,410 12,235 (626) (2,386)
Beginning Balance (in shares) at Mar. 31, 2023   157,200        
Share-based awards (in shares)   0        
Shares acquired - share repurchase authorization (in shares)   (400)        
Shares acquired during period, Employee Share-Based Compensation Plans, Shares   0        
Ending Balance (in shares) at Jun. 30, 2023   156,800        
Dividends declared per common share (in dollars per share)   $ 0.75        
Beginning Balance at Dec. 31, 2023 12,098 $ 397 1,437 13,084 (435) (2,385)
Share-based awards   0 0     12
Share-based compensation     26      
Other     3     0
Net Income 1,067     1,067    
Dividends declared       (254)    
Other comprehensive loss (35)       (35)  
Shares acquired - share repurchase authorization           (121)
Shares acquired - share-based compensation plans           (19)
Ending Balance at Jun. 30, 2024 12,777 $ 397 1,466 13,897 (470) (2,513)
Beginning Balance (in shares) at Dec. 31, 2023   157,000        
Share-based awards (in shares)   400        
Shares acquired - share repurchase authorization (in shares)   (1,100)        
Shares acquired during period, Employee Share-Based Compensation Plans, Shares   (100)        
Ending Balance (in shares) at Jun. 30, 2024   156,200        
Dividends declared per common share (in dollars per share)   $ 1.62        
Beginning Balance at Mar. 31, 2024   $ 397 1,446 13,712 (442) (2,459)
Share-based awards   0 6     4
Share-based compensation     12      
Other     2     0
Net Income 312     312    
Dividends declared       (127)    
Other comprehensive loss (28)       (28)  
Shares acquired - share repurchase authorization           (46)
Shares acquired - share-based compensation plans           (12)
Ending Balance at Jun. 30, 2024 $ 12,777 $ 397 $ 1,466 $ 13,897 $ (470) $ (2,513)
Beginning Balance (in shares) at Mar. 31, 2024   156,500        
Share-based awards (in shares)   100        
Shares acquired - share repurchase authorization (in shares)   (400)        
Shares acquired during period, Employee Share-Based Compensation Plans, Shares   0        
Ending Balance (in shares) at Jun. 30, 2024   156,200        
Dividends declared per common share (in dollars per share)   $ 0.81