Shareholders' (Deficiency) Equity (Tables)

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Schedule of Stockholders' Equity

The following summarizes our shareholders’ equity activity for the second quarter of 2019 and 2018:

(Dollars in millions)	Par Value of Issued Shares		Capital in Excess of Par Value		Retained Deficit			Accumulated Other Comprehensive Loss			Non-controlling Interests			Total Shareholders’ Deficiency
Balance at December 31, 2017	$	1	$	6,655	$	(5,763	)	$	(1,519	)	$	55		$	(571	)
Net Income (Loss)	—		—		(245		)	—			3			(242		)
Other Comprehensive Income	—		—		—			5			—			5
Dividends Paid to Noncontrolling Interests	—		—		—			—			(4		)	(4		)
Equity Awards Granted, Vested and Exercised	—		17		—			—			—			17
Adoption of Intra-Entity Transfers of Assets Other Than Inventory and Revenue from Contracts with Customers	—		—		(97		)	—			—			(97		)
Other	—		4		—			—			(10		)	(6		)
Balance at March 31, 2018	1		6,676		(6,105		)	(1,514		)	44			(898		)
Net Income (Loss)	—		—		(264		)	—			5			(259		)
Other Comprehensive Income	—		—		—			(165		)	—			(165		)
Dividends Paid to Noncontrolling Interests	—		—		—			—			(2		)	(2		)
Equity Awards Granted, Vested and Exercised	—		12		—			—			—			12
Balance at June 30, 2018	$	1	$	6,688	$	(6,369	)	$	(1,679	)	$	47		$	(1,312	)
Balance at December 31, 2018	$	1	$	6,711	$	(8,671	)	$	(1,746	)	$	39		$	(3,666	)
Net Income (Loss)	—		—		(481		)	—			4			(477		)
Other Comprehensive Income	—		—		—			33			—			33
Dividends Paid to Noncontrolling Interests	—		—		—			—			(5		)	(5		)
Equity Awards Granted, Vested and Exercised	—		8		—			—			—			8
Other	—		—		—			—			1			1
Balance at March 31, 2019	1		6,719		(9,152		)	(1,713		)	39			(4,106		)
Net Income (Loss)	—		—		(316		)	—			4			(312		)
Other Comprehensive Income	—		—		—			30			—			30
Dividends Paid to Noncontrolling Interests	—		—		—			—			(6		)	(6		)
Equity Awards Granted, Vested and Exercised	—		5		—			—			—			5
Other	—		—		—			—			—			—
Balance at June 30, 2019	$	1	$	6,724	$	(9,468	)	$	(1,683	)	$	37		$	(4,389	)

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in our accumulated other comprehensive loss by component for the second quarter of 2019 and 2018:

(Dollars in millions)	Currency Translation Adjustment			Defined Benefit Pension			Deferred Loss on Derivatives			Total
Balance at December 31, 2017	$	(1,484	)	$	(26	)	$	(9	)	$	(1,519	)
Other Comprehensive Income before Reclassifications	(161		)	—			—			(161		)
Reclassifications	—			1			—			1
Net activity	(161		)	1			—			(160		)
Balance at June 30, 2018	$	(1,645	)	$	(25	)	$	(9	)	$	(1,679	)
Balance at December 31, 2018	$	(1,724	)	$	(14	)	$	(8	)	$	(1,746	)
Other Comprehensive Income before Reclassifications	63			—			—			63
Reclassifications	—			—			—			—
Net activity	63			—			—			63
Balance at June 30, 2019	$	(1,661	)	$	(14	)	$	(8	)	$	(1,683	)