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Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Capital In Excess Of Par
Retained Earnings
Treasury Shares, at cost
Accumulated Other Comprehensive Loss
Non controlling Interests
Beginning balance (in shares) at Dec. 31, 2022   220.6          
Beginning balance at Dec. 31, 2022 $ 1,500 $ 252 $ 1,537 $ 1,019 $ (887) $ (467) $ 46
Comprehensive income:              
Net income 61     61      
Net realized and unrealized gain (loss) on derivatives, net of tax (2)         (2)  
Foreign currency translation, net of tax 45         46 (1)
Comprehensive (loss) income 104     61   44 (1)
Recognition of stock-based compensation 6   6        
Shares issued under compensation plans (in shares)   0.9          
Shares issued under compensation plans 5 $ 1 4        
Ending balance (in shares) at Mar. 31, 2023   221.5          
Ending balance at Mar. 31, 2023 1,615 $ 253 1,547 1,080 (887) (423) 45
Beginning balance (in shares) at Dec. 31, 2023   220.1          
Beginning balance at Dec. 31, 2023 1,773 $ 254 1,568 1,286 (937) (444) 46
Comprehensive income:              
Net income 39     41     (2)
Long-term employee benefit plans, net of tax 1         1  
Foreign currency translation, net of tax (45)         (45)  
Comprehensive (loss) income (5)     41   (44) (2)
Recognition of stock-based compensation $ 6   6        
Shares issued under compensation plans (in shares) 0.1 0.5          
Shares issued under compensation plans $ 1   1        
Ending balance (in shares) at Mar. 31, 2024   220.6          
Ending balance at Mar. 31, 2024 $ 1,775 $ 254 $ 1,575 $ 1,327 $ (937) $ (488) $ 44