Shareholders' Equity And Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Shareholders' Equity and Net Income Per Share Note [Abstract]

Schedule of Weighted Average Number of Shares

The following table illustrates net income (loss) per share attributable to ordinary shareholders and the weighted average shares outstanding used in calculating basic and diluted income (loss) per share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in millions, except per share data)
Numerator:
Net income (loss) attributable to ordinary shareholders	$	229	$	(61)	$	375	$	12
Denominator:
Weighted average ordinary shares outstanding, basic	272.69		270.93		271.86		270.86
Dilutive shares related to restricted stock units	0.08		—		0.11		0.25
Weighted average ordinary shares outstanding, including dilutive shares	272.77		270.93		271.97		271.11
Net income (loss) per share attributable to ordinary shareholders:
Basic	$	0.84	$	(0.23)	$	1.38	$	0.04
Diluted	$	0.84	$	(0.23)	$	1.38	$	0.04

Share Repurchases

A summary of the ordinary shares repurchased during the three and six months ended June 30, 2023 is as follows:

	Three Months Ended June 30,		Six Months Ended June 30,
	2023		2023
Total number of shares repurchased	269,003		872,774
Average price paid per share	$	104.36	$	112.03
Total (in millions)	$	28	$	98

Schedule of Dividends Declared and Paid

The Company has declared and paid cash dividends per preferred share during the periods presented as follows:

	Dividend		Amount
	Per Share		(in millions)
2023:
Second quarter	$	1.375	$	16
First quarter	1.375		16
Total	$	2.750	$	32
2022:
Fourth quarter	$	1.375	$	16
Third quarter	1.375		15
Second quarter	1.375		16
First quarter	1.375		16
Total	$	5.500	$	63