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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
[3]
Balance (in shares) at Dec. 31, 2021 [1],[2]   72,000,000        
Balance at Dec. 31, 2021   $ 1,000,000 $ 2,567,000,000 $ 7,551,000,000 $ (3,957,000,000) $ (171,000,000)
Balance (in shares) at Dec. 31, 2021         42,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 1,466,000,000     1,466,000,000    
Foreign currency translation adjustments (141,000,000) [4]         (141,000,000)
Fixed price diesel swaps 0          
Stock compensation expense, net     95,000,000      
Tax withholding for share based compensation     (58,000,000)      
Repurchase of common stock (in shares)   (3,000,000) [1],[2]     (3,000,000)  
Repurchase of common stock         $ (1,000,000,000)  
Balance (in shares) at Sep. 30, 2022 [1],[2]   69,000,000        
Balance at Sep. 30, 2022   $ 1,000,000 2,604,000,000 9,017,000,000 $ (4,957,000,000) (312,000,000)
Balance (in shares) at Sep. 30, 2022         45,000,000  
Balance (in shares) at Dec. 31, 2021 [1],[2]   72,000,000        
Balance at Dec. 31, 2021   $ 1,000,000 2,567,000,000 7,551,000,000 $ (3,957,000,000) (171,000,000)
Balance (in shares) at Dec. 31, 2021         42,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Dividends declared $ 0          
Balance (in shares) at Dec. 31, 2022 69,356,981 69,000,000 [1],[2]        
Balance at Dec. 31, 2022 $ 7,062,000,000 $ 1,000,000 2,626,000,000 9,656,000,000 $ (4,957,000,000) (264,000,000)
Balance (in shares) at Dec. 31, 2022 45,401,527       45,000,000  
Balance (in shares) at Jun. 30, 2022 [1],[2]   70,000,000        
Balance at Jun. 30, 2022   $ 1,000,000 2,570,000,000 8,411,000,000 $ (4,719,000,000) (217,000,000)
Balance (in shares) at Jun. 30, 2022         45,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 606,000,000     606,000,000    
Foreign currency translation adjustments (92,000,000) [4]         (92,000,000)
Fixed price diesel swaps $ (3,000,000)         (3,000,000)
Stock compensation expense, net     35,000,000      
Tax withholding for share based compensation     (1,000,000)      
Repurchase of common stock         $ (238,000,000)  
Balance (in shares) at Sep. 30, 2022 [1],[2]   69,000,000        
Balance at Sep. 30, 2022   $ 1,000,000 2,604,000,000 9,017,000,000 $ (4,957,000,000) (312,000,000)
Balance (in shares) at Sep. 30, 2022         45,000,000  
Balance (in shares) at Dec. 31, 2022 69,356,981 69,000,000 [1],[2]        
Balance at Dec. 31, 2022 $ 7,062,000,000 $ 1,000,000 2,626,000,000 9,656,000,000 $ (4,957,000,000) (264,000,000)
Balance (in shares) at Dec. 31, 2022 45,401,527       45,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 1,745,000,000     1,745,000,000    
Dividends declared [5]       (307,000,000)    
Foreign currency translation adjustments (3,000,000) [4]         (3,000,000)
Fixed price diesel swaps $ (1,000,000)         (1,000,000)
Stock compensation expense, net (in shares) [1],[2]   1,000,000        
Stock compensation expense, net     72,000,000      
Tax withholding for share based compensation     (56,000,000)      
Repurchase of common stock (in shares)   (2,000,000) [1],[2]     (2,000,000)  
Repurchase of common stock         $ (756,000,000)  
Balance (in shares) at Sep. 30, 2023 67,733,679 68,000,000 [1],[2]        
Balance at Sep. 30, 2023 $ 7,756,000,000 $ 1,000,000 2,642,000,000 11,094,000,000 $ (5,713,000,000) (268,000,000)
Balance (in shares) at Sep. 30, 2023 47,223,620       47,000,000  
Balance (in shares) at Jun. 30, 2023 [1],[2]   68,000,000        
Balance at Jun. 30, 2023   $ 1,000,000 2,621,000,000 10,493,000,000 $ (5,460,000,000) (241,000,000)
Balance (in shares) at Jun. 30, 2023         47,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 703,000,000     703,000,000    
Dividends declared [5]       (102,000,000)    
Foreign currency translation adjustments (27,000,000) [4]         (27,000,000)
Fixed price diesel swaps $ 0          
Stock compensation expense, net     23,000,000      
Tax withholding for share based compensation     (2,000,000)      
Repurchase of common stock         $ (253,000,000)  
Balance (in shares) at Sep. 30, 2023 67,733,679 68,000,000 [1],[2]        
Balance at Sep. 30, 2023 $ 7,756,000,000 $ 1,000,000 $ 2,642,000,000 $ 11,094,000,000 $ (5,713,000,000) $ (268,000,000)
Balance (in shares) at Sep. 30, 2023 47,223,620       47,000,000  
[1] Amounts may not foot due to rounding.
[2] Common stock outstanding decreased by approximately three million net shares during the year ended December 31, 2022.
[3] The Accumulated Other Comprehensive Loss balance primarily reflects foreign currency translation adjustments.
[4] There were no material reclassifications from accumulated other comprehensive loss reflected in other comprehensive income (loss) during 2023 or 2022. There was no material tax impact related to the foreign currency translation adjustments. In 2021, we remitted the cumulative amount of identified cash in our foreign operations in excess of near-term working capital needs. We continue to expect that the remaining balance of our undistributed foreign earnings will be indefinitely reinvested. If we determine that all or a portion of such foreign earnings are no longer indefinitely reinvested, we may be subject to additional foreign withholding taxes and U.S. state income taxes. There were no material taxes associated with other comprehensive income (loss) during 2023 or 2022.
[5] In January 2023, our Board of Directors approved our first-ever quarterly dividend program (accordingly, there were no dividends declared during 2022). We declared dividends of $1.48 and $4.44 per share during the three and nine months ended September 30, 2023, respectively.