The hull paint applied to many ships built after the rise of the use of oil to run them had a feature called boot topping or black boot. This is a black belt, about a foot wide, around the design waterline. The purpose is to hide the oil scum found in most harbors.
For a modern USN ship, paint above the boot topping haze (neutral) gray. Paint below the boot topping hull red.
Some wag will now post that the US Navy is starting to paint their hulls bright blue. True, but this painting would not be correct for the USS Saratoga (CV-60), built, served, and retired before the blue hull epoch.