Shareholders' Equity (Deficiency)

3 Months Ended

Mar. 31, 2021

Equity [Abstract]

Shareholders' Equity (Deficiency)

Shareholders’ Equity

The following summarizes our shareholders’ equity activity for the three months ended March 31, 2021 and 2020.

(Dollars in Millions)	Capital in Excess of Par Value		Retained Deficit		Accumulated Other Comprehensive Income (Loss)		Non-controlling Interests		Total Shareholders’ Equity
Balance at December 31, 2020	$	2,897	$	(1,947)	$	(43)	$	30	$	937
Net Income (Loss)	—		(116)		—		6		(110)
Other	—		—		—		(2)		(2)
Other Comprehensive Loss	—		—		(4)		—		(4)
Balance at March 31, 2021	$	2,897	$	(2,063)	$	(47)	$	34	$	821
Balance at December 31, 2019	$	2,897	$	(26)	$	9	$	36	$	2,916
Net Income (Loss)	—		(966)		—		8		(958)
Other Comprehensive Loss	—		—		(95)		—		(95)
Balance at March 31, 2020	$	2,897	$	(992)	$	(86)	$	44	$	1,863

The following table presents the changes in our accumulated other comprehensive income (loss) by component for the three months ended March 31, 2021 and 2020:

(Dollars in millions)	Currency Translation Adjustment		Defined Benefit Pension		Total
Balance at December 31, 2020	$	(31)	$	(12)	$	(43)
Other Comprehensive Loss	$	(4)	$	—	$	(4)
Balance at March 31, 2021	$	(35)	$	(12)	$	(47)
Balance at December 31, 2019	$	7	$	2	$	9
Other Comprehensive Loss	(95)		—		(95)
Balance at March 31, 2020	$	(88)	$	2	$	(86)