XML 17 R8.htm IDEA: XBRL DOCUMENT v3.24.3
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  
Total 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] 262              
Total Comprehensive Income 223              
Balance at Sep. 30, 2023 2,486 89 1,072 2,242 (560) (371) 2,473 13
Balance at Mar. 31, 2023 2,641 91 1,105 2,295 (487) (376) 2,627 14
Comprehensive Loss:                
Net income 53     53     53 0
Foreign currency translation adjustment (46)       (45)   (45) (1)
Pension liability 4       4   4  
Total 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
Comprehensive Loss:                
Net income 134 [1]     134     134 1
Foreign currency translation adjustment (33)       (33)   (33) 0
Pension liability 1       1   1  
Total Comprehensive Income 102     134 (32)   101 0
Retired and repurchased shared (120) (1) (23) (95)     (120)  
Stock-based compensation 3         3 3  
Cash dividends declared (56)     (56)     (56)  
Balance at Sep. 30, 2023 2,486 89 1,072 2,242 (560) (371) 2,473 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 0
Foreign currency translation adjustment (47)       (46)   (46) 0
Pension liability 5       5   5  
Total 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] 404              
Total Comprehensive Income 341              
Balance at Sep. 30, 2024 2,298 84 968 2,154 (559) (358) 2,288 10
Balance at Mar. 31, 2024 2,442 86 1,018 2,226 (537) (364) 2,429 13
Comprehensive Loss:                
Net income 139     138     138 0
Foreign currency translation adjustment (59)       (59)   (59) 0
Pension liability 2       2   2  
Total 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
Comprehensive Loss:                
Net income 139 [1]     138     138 0
Foreign currency translation adjustment 36       35   35 0
Pension liability (1)       (1)   (1)  
Total Comprehensive Income 173     138 34   173 1
Retired and repurchased shared (131) (1) (25) (105)     (131)  
Stock-based compensation 2         2 2  
Dividends paid to non-controlling interest on subsidiary shares (4)             (4)
Cash dividends declared (54)     (54)     (54)  
Balance at Sep. 30, 2024 $ 2,298 $ 84 $ 968 $ 2,154 $ (559) $ (358) $ 2,288 $ 10
[1] For the three months periods ended September 30, 2024 and 2023, the aggregate transaction gain (loss) included in net income for the period were a loss of $5 million and a loss of $16 million, respectively. For the nine months periods ended September 30, 2024 and 2023, the aggregate transaction gain (loss) included in net income for the period were a loss of $7 million and a loss of $31 million, respectively.