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
Retained Earnings
Cumulative adjustment for adoption of ASC 606
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative adjustment for adoption of ASC 606
Treasury Shares
Non- Controlling Interests
Redeemable Non-Controlling Interests
Beginning balance at Dec. 31, 2018                     $ 424
Increase (Decrease) in Temporary Equity                      
Net income (loss)                     9
Other comprehensive income (loss)                     (20)
Ending balance at Sep. 30, 2019                     413
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 $ 21 $ (6,935) $ (21) $ (920) $ 205  
Increase (Decrease) in Stockholders' Equity                      
Net income (loss) (1,229)       (1,229)            
Other comprehensive income (loss) (283)           (278)     (5)  
Dividends on common shares (213)       (213)            
Dividends on preference shares (26)       (26)            
Dividends to noncontrolling interests on subsidiary common stock (12)                 (12)  
Contribution from noncontrolling interest 1                 1  
Share-based compensation expense 30     30              
Issuance of common shares, including stock dividends (in shares)     468,922                
Issuance of common shares, including stock dividends 3     4 (1)            
Balance (in shares) at Sep. 30, 2019   6,899,683 141,580,003                
Balance at Sep. 30, 2019 4,649 $ 690 $ 1 5,312 6,611   (7,234)   (920) 189  
Beginning balance at Jun. 30, 2019                     425
Increase (Decrease) in Temporary Equity                      
Net income (loss)                     5
Other comprehensive income (loss)                     (17)
Ending balance at Sep. 30, 2019                     413
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  
Increase (Decrease) in Stockholders' Equity                      
Net income (loss) (1,487)       (1,488)         1  
Other comprehensive income (loss) (321)           (315)     (6)  
Dividends on common shares (71)       (71)            
Dividends on preference shares (9)       (9)            
Share-based compensation expense 13     13              
Issuance of common shares, including stock dividends (in shares)     46,281                
Issuance of common shares, including stock dividends (1)     (1) 0            
Balance (in shares) at Sep. 30, 2019   6,899,683 141,580,003                
Balance at Sep. 30, 2019 4,649 $ 690 $ 1 5,312 6,611   (7,234)   (920) 189  
Beginning balance at Dec. 31, 2019 397                   397
Increase (Decrease) in Temporary Equity                      
Net income (loss)                     (8)
Other comprehensive income (loss)                     16
Redemption value adjustment                     (2)
Ending balance at Sep. 30, 2020 403                   403
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) 604       594         10  
Other comprehensive income (loss) (876)           (880)     4  
Redemption value adjustment 2       2            
Dividends on common shares (212)       (212)            
Dividends on preference shares (25)       (25)            
Dividends to noncontrolling interests on subsidiary common stock (10)                 (10)  
Acquisition of noncontrolling interest (7)       (10)         3  
Share-based compensation expense 47     47              
Repurchase of common shares (in shares)     (2,546,000)                
Repurchase of common shares (100)               (100)    
Issuance of common shares, including stock dividends (in shares)     378,402                
Issuance of common shares, including stock dividends (2)       (2)            
Balance (in shares) at Sep. 30, 2020   6,899,683 139,645,544                
Balance at Sep. 30, 2020 5,451 $ 690 $ 1 5,376 6,784   (6,504)   (1,020) 124  
Beginning balance at Jun. 30, 2020                     397
Increase (Decrease) in Temporary Equity                      
Net income (loss)                     1
Other comprehensive income (loss)                     17
Redemption value adjustment                     (12)
Ending balance at Sep. 30, 2020 403                   $ 403
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  
Increase (Decrease) in Stockholders' Equity                      
Net income (loss) 266       262         4  
Other comprehensive income (loss) 18           11     7  
Redemption value adjustment 12       12            
Dividends on common shares (70)       (70)            
Dividends on preference shares (8)       (8)            
Dividends to noncontrolling interests on subsidiary common stock (6)                 (6)  
Acquisition of noncontrolling interest 10       7         3  
Share-based compensation expense 20     20              
Issuance of common shares, including stock dividends (in shares)     5,526                
Issuance of common shares, including stock dividends 0       0            
Balance (in shares) at Sep. 30, 2020   6,899,683 139,645,544                
Balance at Sep. 30, 2020 $ 5,451 $ 690 $ 1 $ 5,376 $ 6,784   $ (6,504)   $ (1,020) $ 124