XML 18 R7.htm IDEA: XBRL DOCUMENT v3.23.3
INTERIM CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Previously Reported
Revision of Prior Period, Accounting Standards Update, Adjustment
Cumulative effect, period of adoption, adjusted balance
Total MVW Shareholders' Equity
Total MVW Shareholders' Equity
Previously Reported
Total MVW Shareholders' Equity
Revision of Prior Period, Accounting Standards Update, Adjustment
Total MVW Shareholders' Equity
Cumulative effect, period of adoption, adjusted balance
Common Stock
Common Stock
Previously Reported
Common Stock
Cumulative effect, period of adoption, adjusted balance
Treasury Stock
Treasury Stock
Previously Reported
Treasury Stock
Cumulative effect, period of adoption, adjusted balance
Additional Paid-In Capital
Additional Paid-In Capital
Previously Reported
Additional Paid-In Capital
Revision of Prior Period, Accounting Standards Update, Adjustment
Additional Paid-In Capital
Cumulative effect, period of adoption, adjusted balance
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Previously Reported
Accumulated Other Comprehensive Income (Loss)
Cumulative effect, period of adoption, adjusted balance
Retained Earnings
Retained Earnings
Previously Reported
Retained Earnings
Revision of Prior Period, Accounting Standards Update, Adjustment
Retained Earnings
Cumulative effect, period of adoption, adjusted balance
Noncontrolling Interests
Noncontrolling Interests
Previously Reported
Noncontrolling Interests
Cumulative effect, period of adoption, adjusted balance
Beginning balance (in shares) at Dec. 31, 2021                 75,500,000                                      
Beginning balance at Dec. 31, 2021   $ 2,986 $ (80) $ 2,906   $ 2,976 $ (80) $ 2,896   $ 1 $ 1   $ (1,356) $ (1,356)   $ 4,072 $ (111) $ 3,961   $ (16) $ (16)   $ 275 $ 31 $ 306   $ 10 $ 10
Increase (Decrease) in Stockholders' Equity                                                        
Net income $ 58       $ 58                                 $ 58            
Foreign currency translation adjustments 4       4                           $ 4                  
Derivative instrument adjustment 16       16                           16                  
Share-based compensation plans (in shares)                 200,000                                      
Share-based compensation plans (15)       (15)             $ 1     $ (16)                          
Repurchase of common stock (119)       (119)             (119)                                
Dividends (26)       (26)                                 (26)            
Ending balance (in shares) at Mar. 31, 2022                 75,700,000                                      
Ending balance at Mar. 31, 2022 2,824       2,814       $ 1     (1,474)     3,945       4     338       $ 10    
Beginning balance (in shares) at Dec. 31, 2021                 75,500,000                                      
Beginning balance at Dec. 31, 2021   $ 2,986 $ (80) $ 2,906   $ 2,976 $ (80) $ 2,896   $ 1 $ 1   $ (1,356) $ (1,356)   $ 4,072 $ (111) $ 3,961   $ (16) $ (16)   $ 275 $ 31 $ 306   $ 10 $ 10
Increase (Decrease) in Stockholders' Equity                                                        
Net income 303                                                      
Derivative instrument adjustment 31                                                      
Ending balance (in shares) at Sep. 30, 2022                 75,700,000                                      
Ending balance at Sep. 30, 2022 2,628       2,626       $ 1     (1,882)     3,968       6     533       2    
Beginning balance (in shares) at Mar. 31, 2022                 75,700,000                                      
Beginning balance at Mar. 31, 2022 2,824       2,814       $ 1     (1,474)     3,945       4     338       10    
Increase (Decrease) in Stockholders' Equity                                                        
Net income 135       136                                 136       (1)    
Foreign currency translation adjustments (2)       (2)                           (2)                  
Reclassification of foreign currency translation adjustments realized upon disposition of entities (10)       (10)                           (10)                  
Derivative instrument adjustment 7       7                           7                  
Adjustment for 2022 Convertible Note Hedges 6       6                   6                          
Share-based compensation plans 13       13             1     12                          
Repurchase of common stock (193)       (193)             (193)                                
Deconsolidation of certain Consolidated Property Owners' Associations (8)                                                 (8)    
Dividends (26)       (26)                                 (26)            
Ending balance (in shares) at Jun. 30, 2022                 75,700,000                                      
Ending balance at Jun. 30, 2022 2,746       2,745       $ 1     (1,666)     3,963       (1)     448       1    
Increase (Decrease) in Stockholders' Equity                                                        
Net income 110       109                                 109       1    
Foreign currency translation adjustments (1)       (1)                           (1)                  
Derivative instrument adjustment 8       8                           8                  
Tax effect on equity, convertible notes (1)       (1)                   (1)                          
Share-based compensation plans 5       5                   5                          
Repurchase of common stock (216)       (216)             (216)                                
Dividends (24)       (24)                                 (24)            
Employee stock plan issuance 1       1                   1                          
Ending balance (in shares) at Sep. 30, 2022                 75,700,000                                      
Ending balance at Sep. 30, 2022 $ 2,628       2,626       $ 1     (1,882)     3,968       6     533       2    
Beginning balance (in shares) at Dec. 31, 2022 75,744,524               75,700,000                                      
Beginning balance at Dec. 31, 2022 $ 2,498       2,496       $ 1     (2,054)     3,941       15     593       2    
Increase (Decrease) in Stockholders' Equity                                                        
Net income 87       87                                 87            
Foreign currency translation adjustments 6       6                           6                  
Derivative instrument adjustment (3)       (3)                           (3)                  
Share-based compensation plans (in shares)                 100,000                                      
Share-based compensation plans (2)       (2)             2     (4)                          
Repurchase of common stock (80)       (80)             (80)                                
Dividends (26)       (26)                                 (26)            
Ending balance (in shares) at Mar. 31, 2023                 75,800,000                                      
Ending balance at Mar. 31, 2023 $ 2,480       2,478       $ 1     (2,132)     3,937       18     654       2    
Beginning balance (in shares) at Dec. 31, 2022 75,744,524               75,700,000                                      
Beginning balance at Dec. 31, 2022 $ 2,498       2,496       $ 1     (2,054)     3,941       15     593       2    
Increase (Decrease) in Stockholders' Equity                                                        
Net income 219                                                      
Derivative instrument adjustment $ (7)                                                      
Repurchase of common stock                       (248)                                
Ending balance (in shares) at Sep. 30, 2023 75,807,873               75,800,000                                      
Ending balance at Sep. 30, 2023 $ 2,410       2,408       $ 1     (2,298)     3,953       18     734       2    
Beginning balance (in shares) at Mar. 31, 2023                 75,800,000                                      
Beginning balance at Mar. 31, 2023 2,480       2,478       $ 1     (2,132)     3,937       18     654       2    
Increase (Decrease) in Stockholders' Equity                                                        
Net income 90       90                                 90       0    
Foreign currency translation adjustments 6       6                           6                  
Derivative instrument adjustment (1)       (1)                           (1)                  
Share-based compensation plans 11       11             1     10                          
Repurchase of common stock (82)       (82)             (82)                                
Dividends (26)       (26)                                 (26)            
Ending balance (in shares) at Jun. 30, 2023                 75,800,000                                      
Ending balance at Jun. 30, 2023 2,478       2,476       $ 1     (2,213)     3,947       23     718       2    
Increase (Decrease) in Stockholders' Equity                                                        
Net income 42       42                                 42       0    
Foreign currency translation adjustments (2)       (2)                           (2)                  
Derivative instrument adjustment (3)       (3)                           (3)                  
Share-based compensation plans 7       7             1     6                          
Repurchase of common stock (86)       (86)             (86)                                
Dividends $ (26)       (26)                                 (26)            
Ending balance (in shares) at Sep. 30, 2023 75,807,873               75,800,000                                      
Ending balance at Sep. 30, 2023 $ 2,410       $ 2,408       $ 1     $ (2,298)     $ 3,953       $ 18     $ 734       $ 2