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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2021 $ 2,798 $ 0 $ 27 $ 1,194 $ 2,266 $ (689)
Beginning balance (in shares) at Dec. 31, 2021     53,789,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 382       415 (33)
Common stock dividends declared (61)       (61)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     458,000      
Common stock issued under employee stock award and stock purchase plans and other [1] (9)     (9)    
Common stock repurchases (in shares)     (3,052,000)      
Common stock repurchases (300)   $ (1) (59) (240)  
Share-based compensation 23     23    
Ending balance (in shares) at Jun. 30, 2022     51,195,000      
Ending balance at Jun. 30, 2022 2,833 0 $ 26 1,149 2,380 (722)
Beginning balance at Mar. 31, 2022 2,649 0 $ 26 1,134 2,171 (682)
Beginning balance (in shares) at Mar. 31, 2022     51,137,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 199       239 (40)
Common stock dividends declared (30)       (30)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [2]     58,000      
Common stock issued under employee stock award and stock purchase plans and other [2] 3     3    
Common stock repurchases 0          
Share-based compensation 12     12    
Ending balance (in shares) at Jun. 30, 2022     51,195,000      
Ending balance at Jun. 30, 2022 2,833 0 $ 26 1,149 2,380 (722)
Beginning balance at Dec. 31, 2022 $ 2,937 0 $ 23 1,192 2,518 (796)
Beginning balance (in shares) at Dec. 31, 2022 46,286,664   46,287,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income $ 347       121 226
Common stock dividends declared (59)       (59)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     785,000      
Common stock issued under employee stock award and stock purchase plans and other [1] (18)   $ 1 (21) 2  
Common stock repurchases (in shares)     (1,545,000)      
Common stock repurchases (133)   $ (1) (39) (93)  
Share-based compensation $ 22     22    
Ending balance (in shares) at Jun. 30, 2023 45,527,262   45,527,000      
Ending balance at Jun. 30, 2023 $ 3,096 0 $ 23 1,154 2,489 (570)
Beginning balance at Mar. 31, 2023 3,005 0 $ 23 1,168 2,596 (782)
Beginning balance (in shares) at Mar. 31, 2023     46,492,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 194       (18) 212
Common stock dividends declared (29)       (29)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [2]     115,000      
Common stock issued under employee stock award and stock purchase plans and other [2] 3   $ 1 2    
Common stock repurchases (in shares)     (1,080,000)      
Common stock repurchases (88)   $ 1 (27) (60)  
Share-based compensation $ 11     11    
Ending balance (in shares) at Jun. 30, 2023 45,527,262   45,527,000      
Ending balance at Jun. 30, 2023 $ 3,096 $ 0 $ 23 $ 1,154 $ 2,489 $ (570)
[1] Net of common shares delivered as payment for the exercise price or to satisfy the holders' withholding tax liability upon exercise of options.
[2] Net of common shares delivered as payment for the exercise price or to satisfy the holders' withholding tax liability upon exercise of options.