Shareholders' Equity (Deficiency)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Shareholders' Equity (Deficiency)

Shareholders’ Equity

The following summarizes our shareholders’ equity activity in the three and nine months ended September 30, 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
Net Income (Loss)	—		(78)		—		5		(73)
Other Comprehensive Loss	—		—		15		—		15
Dividends to Noncontrolling Interests	—		—		—		(4)		(4)
Equity Awards Granted, Vested and Exercised	2		—		—		—		2
Other	—		—		—		(2)		(2)
Balance at June 30, 2021	$	2,899	$	(2,141)	$	(32)	$	33	$	759
Net Income (Loss)	—		(95)		—		$	6	(89)
Other Comprehensive Loss	—		—		(11)		—		(11)
Dividends to Noncontrolling Interests	—		—		—		(11)		(11)
Equity Awards Granted, Vested and Exercised	1		—		—		—		1
Other	—		—		—		(2)		(2)
Balance at September 30, 2021	$	2,900	$	(2,236)	$	(43)	$	26	$	647
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
Net Income (Loss)	—		(581)		—		2		(579)
Other Comprehensive Loss	—		—		29		—		29
Dividends to Noncontrolling Interests	—		—		—		(8)		(8)
Balance at June 30, 2020	$	2,897	$	(1,573)	$	(57)	$	38	$	1,305
Net Income (Loss)	—		(174)		—		7		(167)
Other Comprehensive Loss	—		—		(6)		—		(6)
Dividends to Noncontrolling Interests	—		—		—		(9)		(9)
Balance at September 30, 2020	$	2,897	$	(1,747)	$	(63)	$	36	$	1,123

The following table presents the changes in our accumulated other comprehensive loss by component in the nine months ended September 30, 2021 and 2020:

(Dollars in millions)	Currency Translation Adjustment		Defined Benefit Pension		Total
Balance at December 31, 2020	$	(31)	$	(12)	$	(43)
Other Comprehensive Loss	$	—	$	—	$	—
Balance at September 30, 2021	$	(31)	$	(12)	$	(43)
Balance at December 31, 2019	$	7	$	2	$	9
Other Comprehensive Loss	(72)		—		(72)
Balance at September 30, 2020	$	(65)	$	2	$	(63)