Equity (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Stockholders Equity [Table Text Block]

The activity in equity during the three and three-month periods ended March 31, 2025 and 2024 was as follows (dollars in millions, except per share amounts):


	Common Stock			Accumulated Other Comprehensive Loss		Retained Earnings

	Shares	Amount						Total
Balances as of December 31, 2024	109,342,251	$	2,118	$	(4)	$	1,680	$	3,794
Issuances of shares pursuant to equity-based plans	161,074	—		—		—		—


Stock-based compensation	—	5		—		—		5


Dividends declared ($0.5000 per share)	—	—		—		(55)		(55)
Net income	—	—		—		100		100

Balances as of March 31, 2025	109,503,325	$	2,123	$	(4)	$	1,725	$	3,844


























Balances as of December 31, 2023	101,159,609	$	1,750	$	(5)	$	1,574	$	3,319
Issuances of shares pursuant to equity-based plans	148,926	—		—		—		—
Stock-based compensation	—	—		—		—		—

Issuances of shares pursuant to equity agreements	1,714,972	78		—		—		78

Other comprehensive income	—	—		1		—		1

Dividends declared ($0.4750 per share)	—	—		—		(48)		(48)
Net income	—	—		—		109		109
Balances as of March 31, 2024	103,023,507	$	1,828	$	(4)	$	1,635	$	3,459