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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 (loss):              
Net income 61     61      
Net realized and unrealized loss (gain) on derivatives, net of tax (2)         (2)  
Foreign currency translation, net of tax benefit 45         46 (1)
Comprehensive 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, 2022   220.6          
Beginning balance at Dec. 31, 2022 1,500 $ 252 1,537 1,019 (887) (467) 46
Comprehensive income (loss):              
Net income 195            
Comprehensive income 173            
Ending balance (in shares) at Sep. 30, 2023   220.1          
Ending balance at Sep. 30, 2023 1,649 $ 254 1,561 1,213 (937) (487) 45
Beginning balance (in shares) at Mar. 31, 2023   221.5          
Beginning balance at Mar. 31, 2023 1,615 $ 253 1,547 1,080 (887) (423) 45
Comprehensive income (loss):              
Net income 61     61      
Net realized and unrealized loss (gain) on derivatives, net of tax 0            
Long-term employee benefit plans, net of tax benefit 1         1  
Foreign currency translation, net of tax benefit 2         2  
Comprehensive income 64     61   3 0
Recognition of stock-based compensation 8   8        
Shares issued under compensation plans (in shares)   0.2          
Shares issued under compensation plans 2 $ 0 2        
Ending balance (in shares) at Jun. 30, 2023   221.7          
Ending balance at Jun. 30, 2023 1,689 $ 253 1,557 1,141 (887) (420) 45
Comprehensive income (loss):              
Net income 73     72     1
Foreign currency translation, net of tax benefit (68)         (67) (1)
Comprehensive income 5     72   (67) 0
Recognition of stock-based compensation 5   5        
Shares issued under compensation plans (in shares)   0.2          
Shares issued under compensation plans 0 $ 1 (1)        
Common stock purchases (in shares)   (1.8)          
Common stock purchases (50)       (50)    
Ending balance (in shares) at Sep. 30, 2023   220.1          
Ending balance at Sep. 30, 2023 1,649 $ 254 1,561 1,213 (937) (487) 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 (loss):              
Net income 39     41     (2)
Long-term employee benefit plans, net of tax benefit 1         1  
Foreign currency translation, net of tax benefit (45)         (45)  
Comprehensive income (5)     41   (44) (2)
Recognition of stock-based compensation 6   6        
Shares issued under compensation plans (in shares)   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
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 (loss):              
Net income 254            
Comprehensive income $ 257            
Shares issued under compensation plans (in shares) 0.2            
Ending balance (in shares) at Sep. 30, 2024   218.0          
Ending balance at Sep. 30, 2024 $ 1,951 $ 254 1,590 1,540 (1,037) (442) 46
Beginning balance (in shares) at Mar. 31, 2024   220.6          
Beginning balance at Mar. 31, 2024 1,775 $ 254 1,575 1,327 (937) (488) 44
Comprehensive income (loss):              
Net income 113     112     1
Long-term employee benefit plans, net of tax benefit 1         1  
Foreign currency translation, net of tax benefit (30)         (30)  
Comprehensive income 84     112   (29) 1
Recognition of stock-based compensation 8   8        
Shares issued under compensation plans (in shares)   0.1          
Shares issued under compensation plans 1   1        
Common stock purchases (in shares)   (1.4)          
Common stock purchases (50)       (50)    
Ending balance (in shares) at Jun. 30, 2024   219.3          
Ending balance at Jun. 30, 2024 1,818 $ 254 1,584 1,439 (987) (517) 45
Comprehensive income (loss):              
Net income 102     101     1
Net realized and unrealized loss (gain) on derivatives, net of tax (2)         (2)  
Foreign currency translation, net of tax benefit 78         77 1
Comprehensive income 178     101   75 2
Recognition of stock-based compensation 7   7        
Shares issued under compensation plans (in shares)   0.1          
Shares issued under compensation plans (1)   (1)        
Common stock purchases (in shares)   (1.4)          
Common stock purchases (50)       (50)    
Dividends declared to noncontrolling interests (1)           (1)
Ending balance (in shares) at Sep. 30, 2024   218.0          
Ending balance at Sep. 30, 2024 $ 1,951 $ 254 $ 1,590 $ 1,540 $ (1,037) $ (442) $ 46