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CONSOLIDATED STATEMENTS OF TOTAL EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock
Total controlling interest's equity
Non-controlling interest
Balance at Dec. 31, 2019 $ 2,122 $ 103 $ 1,329 $ 2,284 $ (449) $ (1,158) $ 2,109 $ 13
Comprehensive Income (loss):                
Net income 75     75     75 0
Foreign currency translation adjustment (102)       (102)   (102) 0
Pension liability 1       1   1  
Total comprehensive income (loss) (26)     75 (101)   (26) 0
Stock-based compensation 2         2 2  
Cash dividends declared [1] (54)     (54)     (54)  
Balance at Mar. 31, 2020 2,044 103 1,329 2,305 (550) (1,156) 2,031 13
Balance at Dec. 31, 2019 2,122 103 1,329 2,284 (449) (1,158) 2,109 13
Comprehensive Income (loss):                
Net income (99)              
Total comprehensive income (loss) (172)              
Balance at Jun. 30, 2020 1,955 103 1,329 2,184 (521) (1,154) 1,942 14
Balance at Mar. 31, 2020 2,044 103 1,329 2,305 (550) (1,156) 2,031 13
Comprehensive Income (loss):                
Net income (174)     (175)     (175) 1
Foreign currency translation adjustment 27       27   27 0
Pension liability 2       2   2  
Total comprehensive income (loss) (145)     (175) 29   (146) 1
Stock-based compensation 2       0 2 2  
Cash dividends declared - reversal [1] 54     54     54  
Balance at Jun. 30, 2020 1,955 103 1,329 2,184 (521) (1,154) 1,942 14
Balance at Dec. 31, 2020 2,423 103 1,329 2,471 (347) (1,147) 2,409 14
Comprehensive Income (loss):                
Net income 157     157     157 0
Foreign currency translation adjustment (64)       (64)   (64) 0
Pension liability 1       1   1  
Total comprehensive income (loss) 94     157 (63)   94 0
Stock-based compensation 4         4 4  
Balance at Mar. 31, 2021 2,521 103 1,329 2,628 (410) (1,143) 2,507 14
Balance at Dec. 31, 2020 2,423 103 1,329 2,471 (347) (1,147) 2,409 14
Comprehensive Income (loss):                
Net income 262              
Total comprehensive income (loss) 237              
Balance at Jun. 30, 2021 2,615 103 1,329 2,678 (372) (1,138) 2,600 15
Balance at Mar. 31, 2021 2,521 103 1,329 2,628 (410) (1,143) 2,507 14
Comprehensive Income (loss):                
Net income 105     104     104 1
Foreign currency translation adjustment 37       37   37 0
Pension liability 1       1   1  
Total comprehensive income (loss) 143     104 38 0 142 1
Stock-based compensation 5         5 5 0
Cash dividends declared [2] (54)     (54)     (54)  
Balance at Jun. 30, 2021 $ 2,615 $ 103 $ 1,329 $ 2,678 $ (372) $ (1,138) $ 2,600 $ 15
[1] Reversal of canceled dividend declared for the second quarter of 2020 which was announced by the Company on April 2, 2020.
[2] Dividend for the second quarter of 2021 was declared on May 12, 2021.