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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2020
Stockholders' Equity [Abstract]  
Summary of Share Repurchase Activity

The following table summarizes the share repurchase activity:

Three Months Ended

March 31,

March 31,

2020

2019

Number of shares acquired on the open market

-

1,758,537

Average price per share

$

-

$

14.24

Total cost of acquired shares (in millions)

$

-

$

25

Accumulated Other Comprehensive Loss in Accompanying Consolidated Balance Sheets

March 31,

December 31,

2020

2019

Foreign currency translation adjustments

$

(245)

$

(224)

Hedge accounting adjustments

(13)

(7)

Pension related adjustments

(1)

(1)

Accumulated other comprehensive loss

$

(259)

$

(232)

Earnings Per Share

Three Months Ended

March 31,

March 31,

2020

2019

Net income

$

9

$

18

Less: Dividends on Series A Preferred Stock

6

6

Net income attributable to common stockholders

$

3

$

12

Weighted average basic shares outstanding

81.7

84.3

Effect of dilutive securities

0.7

1.0

Weighted average diluted shares outstanding

82.4

85.3

Net income per share:

Basic

$

0.04

$

0.14

Diluted

$

0.04

$

0.14