v3.22.1
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, 2020   $ 415              
Increase (Decrease) in Temporary Equity                  
Net income (loss)   77              
Other comprehensive income (loss)   (19)              
Ending balance at Mar. 31, 2021   473              
Beginning balance (in shares) at Dec. 31, 2020     6,899,683 139,790,238          
Beginning 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) 840         831     9
Other comprehensive income (loss) (239)           (238)   (1)
Dividends on common shares (71)         (71)      
Dividends on preference shares (8)         (8)      
Acquisition of noncontrolling interest (3)         (3)      
Share-based compensation expense 13       13        
Issuance of common shares, including stock dividends (in shares)       1,470,164          
Issuance of common shares, including stock dividends 44       47 (3)      
Ending balance (in shares) at Mar. 31, 2021     6,899,683 141,260,402          
Ending balance at Mar. 31, 2021 6,781   $ 690 $ 1 5,468 7,982 (6,484) (1,020) 144
Beginning balance at Dec. 31, 2021 381 381              
Increase (Decrease) in Temporary Equity                  
Net income (loss)   4              
Other comprehensive income (loss)   (15)              
Ending balance at Mar. 31, 2022 370 $ 370              
Beginning balance (in shares) at Dec. 31, 2021     6,899,683 141,057,414          
Beginning balance at Dec. 31, 2021 7,825   $ 690 $ 1 5,590 8,979 (6,471) (1,120) 156
Increase (Decrease) in Stockholders' Equity                  
Net income (loss) 692         688     4
Other comprehensive income (loss) 258           258    
Dividends on common shares (81)         (81)      
Share-based compensation expense 16       16        
Conversion of preference shares to common shares (in shares)     (6,899,683) 8,863,331          
Conversion of preference shares to common shares 0   $ (690)   690        
Issuance of common shares, including stock dividends (in shares)       1,732,324          
Issuance of common shares, including stock dividends 31       36 (5)      
Ending balance (in shares) at Mar. 31, 2022     0 151,653,069          
Ending balance at Mar. 31, 2022 $ 8,741   $ 0 $ 1 $ 6,332 $ 9,581 $ (6,213) $ (1,120) $ 160