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Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid In Capital
Accumulated Other Comprehensive Loss
Retained Earnings
Non-controlling Interests
Beginning balance at Dec. 31, 2021 $ 1,288   $ 625 $ (99) $ 758 $ 4
Beginning balance, Shares at Dec. 31, 2021   177,300,000        
Net (loss) income 117       116 1
Other comprehensive income (loss), net of income taxes (109)     (109)    
Equity based compensation 10   10      
Vesting of restricted stock units, net of tax withholdings (1)   (1)      
Vesting of restricted stock units, net of tax withholdings, Shares   400,000        
Dividends declared - common shareholders (36)       (36)  
Ending balance at Jun. 30, 2022 1,269   634 (208) 838 5
Ending balance, Shares at Jun. 30, 2022   177,700,000        
Beginning balance at Mar. 31, 2022 1,217   628 (198) 783 4
Beginning balance, Shares at Mar. 31, 2022   177,700,000        
Net (loss) income 74       73 1
Other comprehensive income (loss), net of income taxes (10)     (10)    
Equity based compensation 6   6      
Dividends declared - common shareholders (18)       (18)  
Ending balance at Jun. 30, 2022 1,269   634 (208) 838 5
Ending balance, Shares at Jun. 30, 2022   177,700,000        
Beginning balance at Dec. 31, 2022 $ 1,553   647 (102) 1,003 5
Beginning balance, Shares at Dec. 31, 2022 177,926,081 177,900,000        
Net (loss) income $ (272)       (273) 1
Other comprehensive income (loss), net of income taxes 31     31    
Equity based compensation 15   15      
Vesting of restricted stock units, net of tax withholdings (2)   (2)      
Vesting of restricted stock units, net of tax withholdings, Shares   500,000        
Dividends declared - common shareholders (37)       (37)  
Dividends declared - non-controlling interests (2)         (2)
Disposal of subsidiary (1)         (1)
Ending balance at Jun. 30, 2023 $ 1,285   660 (71) 693 3
Ending balance, Shares at Jun. 30, 2023 178,385,804 178,400,000        
Beginning balance at Mar. 31, 2023 $ 1,410   650 (95) 851 4
Beginning balance, Shares at Mar. 31, 2023   178,300,000        
Net (loss) income (139)       (139)  
Other comprehensive income (loss), net of income taxes 24     24    
Equity based compensation 10   10      
Vesting of restricted stock units, net of tax withholdings, Shares   100,000        
Dividends declared - common shareholders (19)       (19)  
Dividends declared - non-controlling interests (1)         (1)
Ending balance at Jun. 30, 2023 $ 1,285   $ 660 $ (71) $ 693 $ 3
Ending balance, Shares at Jun. 30, 2023 178,385,804 178,400,000