Stockholders' Equity

9 Months Ended

Sep. 30, 2022

Stockholders' equity

Stockholders' Equity

9. STOCKHOLDERS’ EQUITY

Changes in the components of Accumulated other comprehensive income (loss) are as follows:

	Foreign currency translation adjustments		Unrealized (loss) gain on interest rate swaps		Loss on pension and other postretirement plans		Total accumulated other comprehensive (loss) income
Balance as of December 31, 2021	$	(1)	$	(1)	$	(51)	$	(53)
Other comprehensive income		—		11		—		11
Tax benefit (expense)		—		—		—		—
Balance as of March 31, 2022	$	(1)	$	10	$	(51)	$	(42)
Other comprehensive (loss) income		(1)		1		—		—
Tax benefit (expense)		—		—		—		—
Balance as of June 30, 2022	$	(2)	$	11	$	(51)	$	(42)
Other comprehensive (loss) income		(1)		11		—		10
Tax benefit (expense)		—		—		—		—
Balance as of September 30, 2022	$	(3)	$	22	$	(51)	$	(32)

On March 22, 2021, the Company completed the underwritten public offering of 10 million shares of common stock at a public offering price of $40 per share. The Company received proceeds of $380 million, net of $20 million of transaction fees.