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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
[2]
Balance (in shares) at Dec. 31, 2022 [1]   69,000,000        
Balance at Dec. 31, 2022   $ 1 $ 2,626 $ 9,656 $ (4,957) $ (264)
Balance (in shares) at Dec. 31, 2022         45,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 451     451    
Dividends declared [3]       (104)    
Foreign currency translation adjustments 1 [4]         1
Fixed price diesel swaps $ (1)         (1)
Stock compensation expense, net (in shares) [1]   1,000,000        
Stock compensation expense, net     24      
Tax withholding for share based compensation     (52)      
Repurchase of common stock (in shares)   (1,000,000) [1]     (1,000,000)  
Repurchase of common stock         $ (251)  
Balance (in shares) at Mar. 31, 2023 [1]   69,000,000        
Balance at Mar. 31, 2023   $ 1 2,598 10,003 $ (5,208) (264)
Balance (in shares) at Mar. 31, 2023         46,000,000  
Balance (in shares) at Dec. 31, 2023 67,269,577 67,000,000 [1]        
Balance at Dec. 31, 2023 $ 8,130 $ 1 2,650 11,672 $ (5,965) (228)
Balance (in shares) at Dec. 31, 2023 47,740,819       48,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 542     542    
Dividends declared [3]       (111)    
Foreign currency translation adjustments (51) [4]         (51)
Fixed price diesel swaps $ 0          
Stock compensation expense, net     28      
Tax withholding for share based compensation     (40)      
Repurchase of common stock         $ (378)  
Balance (in shares) at Mar. 31, 2024 66,796,805 67,000,000 [1]        
Balance at Mar. 31, 2024 $ 8,120 $ 1 $ 2,638 $ 12,103 $ (6,343) $ (279)
Balance (in shares) at Mar. 31, 2024 48,305,146       48,000,000  
[1] Common stock outstanding decreased by approximately two million net shares during the year ended December 31, 2023.
[2] The Accumulated Other Comprehensive Loss balance primarily reflects foreign currency translation adjustments.
[3] We declared dividends of $1.63 and $1.48 per share during the three months ended March 31, 2024 and 2023, respectively.
[4] There were no material reclassifications from accumulated other comprehensive loss reflected in other comprehensive income (loss) during 2024 or 2023. There were no material taxes associated with other comprehensive income (loss) during 2024 or 2023.