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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive (Loss) Gain
Beginning balance at Dec. 31, 2020 $ 2,256 $ 0 $ 27 $ 1,133 $ 1,913 $ (817)
Beginning balance (in shares) at Dec. 31, 2020     53,732,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income (loss) 647       519 128
Common stock dividends declared (125)       (125)  
Common stock issued under employee stock award and stock purchase plans and other (in shares)     792,000      
Common stock issued under employee stock award and stock purchase plans and other $ 30     30    
Common stock repurchased( in shares) (700,000)   (735,000)      
Common stock repurchased $ (57)     (16) (41)  
Share-based compensation expense 47     47    
Ending balance at Dec. 31, 2021 2,798 0 $ 27 1,194 2,266 (689)
Ending balance (in shares) at Dec. 31, 2021     53,789,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income (loss) 760       867 (107)
Common stock dividends declared (124)       (124)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     (549,000)      
Common stock issued under employee stock award and stock purchase plans and other [1] $ 14     14    
Common stock repurchased( in shares) (7,000,000.0)   (6,953,000)      
Common stock repurchased $ (557)   $ (4) (62) (491)  
Share-based compensation expense 46     46    
Ending balance at Dec. 31, 2022 $ 2,937 0 $ 23 1,192 2,518 (796)
Ending balance (in shares) at Dec. 31, 2022 46,286,664   46,287,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income (loss) $ 547       406 141
Common stock dividends declared (125)       (125)  
Common stock issued under employee stock award and stock purchase plans and other (in shares)     1,176,000      
Common stock issued under employee stock award and stock purchase plans and other $ 3   $ 1 1 1  
Common stock repurchased( in shares) (3,600,000)   (3,561,000)      
Common stock repurchased $ (337)   $ (2) (89) (246)  
Share-based compensation expense 44     44    
Ending balance at Dec. 31, 2023 $ 3,069 $ 0 $ 22 $ 1,148 $ 2,554 $ (655)
Ending balance (in shares) at Dec. 31, 2023 43,902,065   43,902,000      
[1] We reversed the issuance of approximately 1.3 million unvested restricted shares. These shares will be issued and released upon satisfaction of the applicable vesting conditions. The reversal of the shares did not impact earnings per share.