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Equity (Notes)
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Equity SHAREHOLDERS’ EQUITY

The activity in equity during the three and nine-month periods ended September 30, 2019 and 2018 was as follows (dollars in millions, except per share amounts):
 
Common Stock
 
Accumulated
Other
Comprehensive
Loss
 
Retained
Earnings
 
 
 
 
 
 
 
 
Shares
 
Amount
 
 
 
Total
Balances as of December 31, 2018
89,267,959

 
$
1,212

 
$
(7
)
 
$
1,301

 
$
2,506

Issuances of shares pursuant to equity-based plans
88,352

 

 

 

 

Other comprehensive income

 

 
1

 

 
1

Dividends declared ($0.3625 per share)

 

 

 
(32
)
 
(32
)
Net income

 

 

 
73

 
73

Reclassification of stranded tax effects due to Tax Reform

 

 
(2
)
 
2

 

Balances as of March 31, 2019
89,356,311

 
$
1,212

 
$
(8
)
 
$
1,344

 
$
2,548

Issuances of shares pursuant to equity-based plans
15,249

 
1

 

 

 
1

Stock-based compensation

 
2

 

 

 
2

Other comprehensive income

 

 
1

 

 
1

Dividends declared ($0.3850 per share)

 

 

 
(35
)
 
(35
)
Net income

 

 

 
25

 
25

Balances as of June 30, 2019
89,371,560

 
$
1,215

 
$
(7
)
 
$
1,334

 
$
2,542

Issuances of shares pursuant to equity-based plans
414

 

 

 

 

Stock-based compensation

 
2

 

 

 
2

Dividends declared ($0.3850 per share)

 

 

 
(35
)
 
(35
)
Net income

 

 

 
55

 
55

Balances as of September 30, 2019
89,371,974

 
$
1,217

 
$
(7
)
 
$
1,354

 
$
2,564



 
Common Stock
 
Accumulated
Other
Comprehensive
Loss
 
Retained
Earnings
 
 
 
 
 
 
 
 
Shares
 
Amount
 
 
 
Total
Balances as of December 31, 2017
89,114,265

 
$
1,207

 
$
(8
)
 
$
1,217

 
$
2,416

Issuances of shares pursuant to equity-based plans
99,854

 

 

 

 

Stock-based compensation

 
(1
)
 

 

 
(1
)
Dividends declared ($0.3400 per share)

 

 

 
(30
)
 
(30
)
Net income

 

 

 
64

 
64

Balances as of March 31, 2018
89,214,119

 
$
1,206

 
$
(8
)
 
$
1,251

 
$
2,449

Issuances of shares pursuant to equity-based plans
24,087

 

 

 

 

Stock-based compensation

 
2

 

 

 
2

Dividends declared ($0.3625 per share)

 

 

 
(32
)
 
(32
)
Net income

 

 

 
46

 
46

Balances as of June 30, 2018
89,238,206

 
$
1,208

 
$
(8
)
 
$
1,265

 
$
2,465

Issuances of shares pursuant to equity-based plans
6,453

 

 

 

 

Stock-based compensation

 
1

 

 

 
1

Dividends declared ($0.3625 per share)

 

 

 
(33
)
 
(33
)
Net income

 

 

 
53

 
53

Balances as of September 30, 2018
89,244,659

 
$
1,209

 
$
(8
)
 
$
1,285

 
$
2,486