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Stockholders' Equity
12 Months Ended
Dec. 31, 2024
Stockholders' Equity Note [Abstract]  
Stockholders' Equity STOCKHOLDERS' EQUITY
Common Stock - Changes in the number of Company outstanding shares for the year ended December 31, 2024, resulted from shares purchased in the open market under the Company's stock repurchase program and share activity under its stock compensation plans. See Note 17: Stock Compensation Plans.

Treasury Stock - In January 2024, the Company's board of directors authorized an increase in the Company's stock repurchase program from $3.2 billion to $3.8 billion and an extension of the term of the program to December 31, 2028. Repurchases are made from time to time at management's discretion in accordance with applicable federal securities laws. For the year ended December 31, 2024, the Company repurchased 607,841 shares at an aggregate cost of $163 million, including $1 million of accrued excise tax. For the years ended December 31, 2023 and 2022, the Company repurchased 337,007 and 244,561 shares, respectively, at aggregate costs of $75 million and $52 million, respectively. The cost of purchased shares is recorded as treasury stock in the consolidated statements of financial position.

Dividends - In November 2024, the Company's board of directors authorized an increase in the Company's quarterly cash dividend from $1.30 per share to $1.35 per share. In November 2023, the Company's board of directors authorized an increase in the Company's quarterly cash dividend from $1.24 per share to $1.30 per share. In November 2022, the Company's board of directors authorized an increase in the Company's quarterly cash dividend from $1.18 per share to $1.24 per share. The Company paid cash dividends totaling $206 million ($5.25 per share), $200 million ($5.02 per share), and $192 million ($4.78 per share) in the years ended December 31, 2024, 2023, and 2022, respectively.

Accumulated Other Comprehensive Loss - Other comprehensive loss refers to gains and losses recorded as an element of stockholders' equity but excluded from net earnings. The accumulated other comprehensive loss was comprised of unamortized benefit plan costs of $28 million and $422 million as of December 31, 2024 and 2023, respectively.
The changes in accumulated other comprehensive loss by component for the years ended December 31, 2024, 2023, and 2022, were as follows:
($ in millions)Benefit PlansTotal
Balance as of December 31, 2021$(923)$(923)
Other comprehensive income before reclassifications390 390 
Amounts reclassified from accumulated other comprehensive loss
Amortization of prior service cost1
18 18 
Amortization of net actuarial loss1
32 32 
Settlement gain1
(4)(4)
Tax benefit (expense) for items of other comprehensive income(112)(112)
Net current period other comprehensive income324 324 
Balance as of December 31, 2022(599)(599)
Other comprehensive income before reclassifications221 221 
Amounts reclassified from accumulated other comprehensive loss
Amortization of prior service cost1
15 15 
Amortization of net actuarial loss1
2 2 
Tax expense for items of other comprehensive income(61)(61)
Net current period other comprehensive income177 177 
Balance as of December 31, 2023(422)(422)
Other comprehensive income before reclassifications509 509 
Amounts reclassified from accumulated other comprehensive loss
Amortization of prior service cost1
14 14 
Amortization of net actuarial loss1
5 5 
Tax expense for items of other comprehensive income(134)(134)
Net current period other comprehensive income394 394 
Balance as of December 31, 2024$(28)$(28)
1 These accumulated comprehensive loss components are included in the computation of net periodic benefit cost. See Note 16: Employee Pension and Other Postretirement Benefits. The tax expense recorded in stockholders' equity for the amounts reclassified from accumulated other comprehensive loss for the years ended December 31, 2024, 2023, and 2022, was $5 million, $4 million, and $12 million, respectively.