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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, 2023 $ 3,069 $ 0 $ 22 $ 1,148 $ 2,554 $ (655)
Beginning balance (in shares) at Dec. 31, 2023     43,902,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 331       354 (23)
Common stock dividends declared (100)       (100)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     611,000      
Common stock issued under employee stock award and stock purchase plans and other [1] $ 6     6    
Common stock repurchases (in shares) (2,200,000)   (2,223,000)      
Common stock repurchases $ (282)   $ (1) (50) (231)  
Share-based compensation 32     32    
Ending balance at Sep. 30, 2024 3,056 0 $ 21 1,136 2,577 (678)
Ending balance (in shares) at Sep. 30, 2024     42,290,000      
Beginning balance at Jun. 30, 2024 3,081 0 $ 22 1,141 2,589 (671)
Beginning balance (in shares) at Jun. 30, 2024     43,283,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 135       142 (7)
Common stock dividends declared (36)       (36)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [2]     50,000      
Common stock issued under employee stock award and stock purchase plans and other [2] $ 6   $ (1) 7    
Common stock repurchases (in shares) (1,100,000)   (1,043,000)      
Common stock repurchases $ (141)     (23) (118)  
Share-based compensation 11     11    
Ending balance at Sep. 30, 2024 3,056 0 $ 21 1,136 2,577 (678)
Ending balance (in shares) at Sep. 30, 2024     42,290,000      
Beginning balance at Dec. 31, 2024 $ 3,117 0 $ 21 1,144 2,644 (692)
Beginning balance (in shares) at Dec. 31, 2024 42,080,039   42,080,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income $ 422       367 55
Common stock dividends declared (107)       (107)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [1]     486,000      
Common stock issued under employee stock award and stock purchase plans and other [1] $ (17)     (17)    
Common stock repurchases (in shares) (2,200,000)   (2,189,000)      
Common stock repurchases $ (350)   $ (1) (60) (289)  
Share-based compensation 29     29    
Ending balance at Sep. 30, 2025 $ 3,094 0 $ 20 1,096 2,615 (637)
Ending balance (in shares) at Sep. 30, 2025 40,376,534   40,377,000      
Beginning balance at Jun. 30, 2025 $ 3,074 0 $ 20 1,100 2,590 (636)
Beginning balance (in shares) at Jun. 30, 2025     40,791,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income 137       138 (1)
Common stock dividends declared (38)       (38)  
Common stock issued under employee stock award and stock purchase plans and other (in shares) [2]     74,000      
Common stock issued under employee stock award and stock purchase plans and other [2] $ 1       1  
Common stock repurchases (in shares) (500,000)   (488,000)      
Common stock repurchases $ (90)     (14) (76)  
Share-based compensation 10     10    
Ending balance at Sep. 30, 2025 $ 3,094 $ 0 $ 20 $ 1,096 $ 2,615 $ (637)
Ending balance (in shares) at Sep. 30, 2025 40,376,534   40,377,000      
[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.