v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Unaudited) - USD ($)
$ in Millions
Total
Redeemable Non-Controlling Interests
Convertible Preference Shares
Common Shares
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Shares
Non- Controlling Interests
Beginning balance at Dec. 31, 2019   $ 397              
Increase (Decrease) in Temporary Equity                  
Net income (loss)   (9)              
Other comprehensive income (loss)   (1)              
Redemption value adjustment   10              
Ending balance at Jun. 30, 2020   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
Other comprehensive income (loss) (894)           (891)   (3)
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 (100)             (100)  
Repurchase of common shares (in shares)       (2,546,000)          
Issuance of common shares, including stock dividends (in shares)       372,876          
Issuance of common shares, including stock dividends (2)       0 (2)      
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
Beginning balance at Mar. 31, 2020   394              
Increase (Decrease) in Temporary Equity                  
Net income (loss)   (1)              
Other comprehensive income (loss)   9              
Redemption value adjustment   (5)              
Ending balance at Jun. 30, 2020   397              
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
Other comprehensive income (loss) (100)           (104)   4
Redemption value adjustment 5         5      
Dividends on common shares (71)         (71)      
Dividends on preference shares (9)         (9)      
Acquisition of noncontrolling interest (23)         (18)     (5)
Share-based compensation expense 12       12        
Repurchase of common shares (100)             (100)  
Repurchase of common shares (in shares)       (2,546,000)          
Issuance of common shares, including stock dividends (in shares)       39,758          
Issuance of common shares, including stock dividends 0       0 0      
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
Beginning balance at Dec. 31, 2020 415 415              
Increase (Decrease) in Temporary Equity                  
Net income (loss)   79              
Other comprehensive income (loss)   (12)              
Disposition of noncontrolling interest in a subsidiary   1              
Ending balance at Jun. 30, 2021 483 483              
Balance (in shares) at Dec. 31, 2020     6,899,683 139,790,238          
Balance at Dec. 31, 2020 6,205   $ 690 $ 1 5,408 7,236 (6,246) (1,020) 136
Increase (Decrease) in Stockholders' Equity                  
Net income (loss) 1,207         1,194     13
Other comprehensive income (loss) (12)           (12)   0
Dividends on common shares (147)         (147)      
Dividends on preference shares (17)         (17)      
Dividends to noncontrolling interests on subsidiary common stock (2)               (2)
Acquisition of noncontrolling interest (3)         (3)     0
Share-based compensation expense 29       29        
Issuance of common shares, including stock dividends (in shares)       1,924,609          
Issuance of common shares, including stock dividends 71       75 (4)      
Balance (in shares) at Jun. 30, 2021     6,899,683 141,714,847          
Balance at Jun. 30, 2021 7,331   $ 690 $ 1 5,512 8,259 (6,258) (1,020) 147
Beginning balance at Mar. 31, 2021   473              
Increase (Decrease) in Temporary Equity                  
Net income (loss)   2              
Other comprehensive income (loss)   7              
Disposition of noncontrolling interest in a subsidiary   1              
Ending balance at Jun. 30, 2021 483 $ 483              
Balance (in shares) at Mar. 31, 2021     6,899,683 141,260,402          
Balance at Mar. 31, 2021 6,781   $ 690 $ 1 5,468 7,982 (6,484) (1,020) 144
Increase (Decrease) in Stockholders' Equity                  
Net income (loss) 367         363     4
Other comprehensive income (loss) 227           226   1
Dividends on common shares (76)         (76)      
Dividends on preference shares (9)         (9)      
Dividends to noncontrolling interests on subsidiary common stock (2)               (2)
Share-based compensation expense 16       16        
Issuance of common shares, including stock dividends (in shares)       454,445          
Issuance of common shares, including stock dividends 27       28 (1)      
Balance (in shares) at Jun. 30, 2021     6,899,683 141,714,847          
Balance at Jun. 30, 2021 $ 7,331   $ 690 $ 1 $ 5,512 $ 8,259 $ (6,258) $ (1,020) $ 147