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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of Comprehensive Income [Abstract]      
Net income $ 153 $ 95 $ 456
Other comprehensive (loss) income, net of taxes:      
Change in post-retirement benefit plans [1] (9) 9 (4)
Translation adjustment [2] 2 (5) 3
Other comprehensive (loss) income (7) 4 (1)
Comprehensive income 146 99 455
Less: comprehensive (loss) income attributable to noncontrolling interests (3) (42) 5
Comprehensive income attributable to MIC $ 149 $ 141 $ 450
[1]
Change in post-retirement benefit plans is presented net of tax benefit of $3 million in both 2019 and 2017 and net of tax expense of $3 million in 2018. See Note 11, “Stockholders’ Equity”, for further discussions.
[2]
Translation adjustment is presented net of tax expense of $1 million and $2 million in 2019 and 2017, respectively, and net of tax benefit of $2 million in 2018. See Note 11, “Stockholders’ Equity”, for further discussions.