v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Unaudited) - USD ($)
$ in Millions
Total
Convertible Preference Shares
Common Shares
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Shares
Non- Controlling Interests
Redeemable Non-Controlling Interests
Balance at Dec. 31, 2018                 $ 424
Balance (in shares) at Dec. 31, 2018   6,899,683 141,111,081            
Balance at Dec. 31, 2018 $ 6,378 $ 690 $ 1 $ 5,278 $ 8,059 $ (6,935) $ (920) $ 205  
Increase (Decrease) in Stockholders' Equity                  
Net income (loss) 258       259       4
Other comprehensive income (loss) 38         37   1 (3)
Dividends on common shares (142)       (142)        
Dividends on preference shares (17)       (17)        
Dividends to noncontrolling interests on subsidiary common stock (12)             (12)  
Contribution from noncontrolling interest 1             1  
Share-based compensation expense 17     17          
Impact of adoption of new accounting standards         21 (21)      
Issuance of common shares, including stock dividends (in shares)     422,641            
Issuance of common shares, including stock dividends 4     5 (1)        
Balance at Jun. 30, 2019                 425
Balance (in shares) at Jun. 30, 2019   6,899,683 141,533,722            
Balance at Jun. 30, 2019 6,525 $ 690 $ 1 5,300 8,179 (6,919) (920) 194  
Balance at Mar. 31, 2019                 421
Balance (in shares) at Mar. 31, 2019   6,899,683 141,469,061            
Balance at Mar. 31, 2019 6,304 $ 690 $ 1 5,284 8,045 (7,000) (920) 204  
Increase (Decrease) in Stockholders' Equity                  
Net income (loss) 213       214     (1) (1)
Other comprehensive income (loss) 83         81   2 5
Dividends on common shares (71)       (71)        
Dividends on preference shares (9)       (9)        
Dividends to noncontrolling interests on subsidiary common stock (11)             (11)  
Share-based compensation expense 13     13          
Issuance of common shares, including stock dividends (in shares)     64,661            
Issuance of common shares, including stock dividends 3     3 0        
Balance at Jun. 30, 2019                 425
Balance (in shares) at Jun. 30, 2019   6,899,683 141,533,722            
Balance at Jun. 30, 2019 6,525 $ 690 $ 1 5,300 8,179 (6,919) (920) 194  
Balance at Dec. 31, 2019 397               397
Balance (in shares) at Dec. 31, 2019   6,899,683 141,813,142            
Balance at Dec. 31, 2019 6,030 $ 690 $ 1 5,329 6,437 (5,624) (920) 117  
Increase (Decrease) in Stockholders' Equity                  
Net income (loss) 338       332     6 (9)
Other comprehensive income (loss) (894)         (891)   (3) (1)
Redemption value adjustment                 10
Redemption value adjustment (10)       (10)        
Dividends on common shares (142)       (142)        
Dividends on preference shares (17)       (17)        
Dividends to noncontrolling interests on subsidiary common stock (4)             (4)  
Acquisition of noncontrolling interest (17)       (17)     0  
Share-based compensation expense 27     27          
Repurchase of common shares (in shares)     (2,546,000)            
Repurchase of common shares (100)           (100)    
Issuance of common shares, including stock dividends (in shares)     372,876            
Issuance of common shares, including stock dividends (2)       (2)        
Balance at Jun. 30, 2020 397               397
Balance (in shares) at Jun. 30, 2020   6,899,683 139,640,018            
Balance at Jun. 30, 2020 5,209 $ 690 $ 1 5,356 6,581 (6,515) (1,020) 116  
Balance at Mar. 31, 2020                 394
Balance (in shares) at Mar. 31, 2020   6,899,683 142,146,260            
Balance at Mar. 31, 2020 4,972 $ 690 $ 1 5,344 6,158 (6,411) (920) 110  
Increase (Decrease) in Stockholders' Equity                  
Net income (loss) 523       516     7 (1)
Other comprehensive income (loss) (100)         (104)   4 9
Redemption value adjustment                 (5)
Redemption value adjustment 5       5        
Dividends on common shares (71)       (71)        
Dividends on preference shares (9)       (9)        
Dividends to noncontrolling interests on subsidiary common stock 0             0  
Acquisition of noncontrolling interest (23)       (18)     (5)  
Share-based compensation expense 12     12          
Repurchase of common shares (in shares)     (2,546,000)            
Repurchase of common shares (100)           (100)    
Issuance of common shares, including stock dividends (in shares)     39,758            
Issuance of common shares, including stock dividends 0       0        
Balance at Jun. 30, 2020 397               $ 397
Balance (in shares) at Jun. 30, 2020   6,899,683 139,640,018            
Balance at Jun. 30, 2020 $ 5,209 $ 690 $ 1 $ 5,356 $ 6,581 $ (6,515) $ (1,020) $ 116