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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, 2022 $ 2,626 $ 91 $ 1,113 $ 2,310 $ (522) $ (379) $ 2,613 $ 13
Comprehensive Loss:                
Net income 74     74     74 0
Foreign currency translation adjustment (36)       36   36 0
Pension liability 0       0   0  
Comprehensive income 110     74 35   110 0
Retired and repurchased shared (42) 0 (9) (33)     (42)  
Stock-based compensation 3         3 3  
Cash dividends declared (57)     (57)     (57)  
Balance at Mar. 31, 2023 2,641 91 1,105 2,295 (487) (376) 2,627 14
Balance at Dec. 31, 2022 2,626 91 1,113 2,310 (522) (379) 2,613 13
Comprehensive Loss:                
Net income [1] 127              
Comprehensive income 122              
Balance at Jun. 30, 2023 2,557 90 1,096 2,260 (527) (374) 2,545 13
Balance at Mar. 31, 2023 2,641 91 1,105 2,295 (487) (376) 2,627 14
Comprehensive Loss:                
Net income 53 [1]     53     53 0
Foreign currency translation adjustment (46)       (45)   (45) (1)
Pension liability 4       4   4  
Comprehensive income 12     53 (41)   12 0
Retired and repurchased shared (41) 0 (9) (31)     (41)  
Stock-based compensation 3         3 3  
Dividends paid to non-controlling interest on subsidiary shares (1)           0 (1)
Cash dividends declared (56)     (56)     (56)  
Balance at Jun. 30, 2023 2,557 90 1,096 2,260 (527) (374) 2,545 13
Balance at Dec. 31, 2023 2,570 88 1,044 2,289 (496) (368) 2,557 13
Comprehensive Loss:                
Net income 127     126     126  
Foreign currency translation adjustment (47)       (46)   (46) 0
Pension liability 5       5   5  
Comprehensive income 85     126 (41)   85 0
Retired and repurchased shared (161) (1) (26) (134)     (161)  
Stock-based compensation 4         4 4  
Cash dividends declared (56)     (56)     (56)  
Balance at Mar. 31, 2024 2,442 86 1,018 2,226 (537) (364) 2,429 13
Balance at Dec. 31, 2023 2,570 88 1,044 2,289 (496) (368) 2,557 13
Comprehensive Loss:                
Net income [1] 266              
Comprehensive income 168              
Balance at Jun. 30, 2024 2,311 85 993 2,174 (593) (360) 2,298 13
Balance at Mar. 31, 2024 2,442 86 1,018 2,226 (537) (364) 2,429 13
Comprehensive Loss:                
Net income 139 [1]     138     138 0
Foreign currency translation adjustment (59)       (59)   (59) 0
Pension liability 2       2   2  
Comprehensive income 83     138 (56)   82 0
Retired and repurchased shared (162) (1) (25) (136)     (162)  
Stock-based compensation 4         4 4  
Dividends paid to non-controlling interest on subsidiary shares (1)           0 (1)
Cash dividends declared (55)     (55)     (55)  
Balance at Jun. 30, 2024 $ 2,311 $ 85 $ 993 $ 2,174 $ (593) $ (360) $ 2,298 $ 13
[1] For the three months periods ended June 30, 2024 and 2023, the aggregate transaction gain (loss) included in net income for the period were a gain of $4 million and a loss of $10 million, respectively. For the six months periods ended June 30, 2024 and 2023, the aggregate transaction gain (loss) included in net income for the period were a loss of $2 million and a loss of $15 million, respectively.