v3.24.2
Equity (Tables)
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Schedule of Stockholders Equity [Table Text Block]
The activity in equity during the three and six-month periods ended June 30, 2024 and 2023 was as follows (dollars in millions, except per share amounts):
Common StockAccumulated
Other
Comprehensive
Loss		Retained
Earnings
SharesAmountTotal
Balances as of December 31, 2023
101,159,609 $1,750 $(5)$1,574 $3,319 
Issuances of shares pursuant to equity-based plans148,926 — — — — 
Issuances of shares pursuant to equity agreements
1,714,972 78 — — 78 
Dividends declared ($0.4750 per share)
— — — (48)(48)
Net income— — — 109 109 
Other comprehensive income
— — 1 — 1 
Balances as of March 31, 2024
103,023,507 $1,828 $(4)$1,635 $3,459 
Issuances of shares pursuant to equity-based plans43,176 1 — — 1 
Stock-based compensation— 4 — — 4 
Dividends declared ($0.5000 per share)
— — — (52)(52)
Net income— — — 72 72 
Balances as of June 30, 2024
103,066,683 $1,833 $(4)$1,655 $3,484 
Balances as of December 31, 2022
89,283,353 $1,249 $(4)$1,534 $2,779 
Issuances of shares pursuant to equity-based plans159,603 — — — — 
Issuances of shares pursuant to equity agreements
7,178,016 300 — — 300 
Stock-based compensation— (1)— — (1)
Dividends declared ($0.4525 per share)
— — — (40)(40)
Net income— — — 74 74 
Balances as of March 31, 2023
96,620,972 $1,548 $(4)$1,568 $3,112 
Issuances of shares pursuant to equity-based plans30,245 1 — — 1 
Issuances of shares pursuant to equity agreements
2,212,610 92 92 
Stock-based compensation— 6 — — 6 
Other comprehensive income— — 1 — 1 
Dividends declared ($0.4750 per share)
— — — (51)(51)
Net income— — — 39 39 
Balances as of June 30, 2023
98,863,827 $1,647 $(3)$1,556 $3,200