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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, 2022 $ 2,937 $ 0 $ 23 $ 1,192 $ 2,518 $ (796)
Beginning balance (in shares) at Dec. 31, 2022     46,287,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 153       139 14
Common stock dividends declared (30)       (30)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     670,000      
Common stock issued under employee stock award and stock purchase plans and other [1] $ (21)     (23) 2  
Common stock repurchases (in shares) (500,000)   (465,000)      
Common stock repurchases $ (45)     (12) (33)  
Share-based compensation 11     11    
Ending balance (in shares) at Mar. 31, 2023     46,492,000      
Ending balance at Mar. 31, 2023 3,005 0 $ 23 1,168 2,596 (782)
Beginning balance at Dec. 31, 2023 $ 3,069 0 $ 22 1,148 2,554 (655)
Beginning balance (in shares) at Dec. 31, 2023 43,902,065   43,902,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income $ 86       85 1
Common stock dividends declared (32)       (32)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     378,000      
Common stock issued under employee stock award and stock purchase plans and other [1] $ (17)     (17)    
Common stock repurchases (in shares) (500,000)   (451,000)      
Common stock repurchases $ (51)     (12) (39)  
Share-based compensation $ 10     10    
Ending balance (in shares) at Mar. 31, 2024 43,828,793   43,829,000      
Ending balance at Mar. 31, 2024 $ 3,065 $ 0 $ 22 $ 1,129 $ 2,568 $ (654)
[1] Net of common shares delivered as payment for the exercise price or to satisfy the holders' withholding tax liability upon exercise of options.