v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - 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, 2021   $ 381              
Increase (Decrease) in Temporary Equity                  
Net income (loss)   6              
Other comprehensive income (loss)   (36)              
Ending balance at Jun. 30, 2022   351              
Beginning balance (in shares) at Dec. 31, 2021     6,899,683            
Beginning balance (in shares) at Dec. 31, 2021       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) 915         894     21
Other comprehensive income (loss) 32           35   (3)
Dividends on common shares (176)         (176)      
Dividends to noncontrolling interests on subsidiary common stock (4)               (4)
Sale of noncontrolling interest 521       234       287
Share-based compensation expense 32       32        
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)       1,964,709          
Issuance of common shares, including stock dividends 44       49 (5)      
Ending balance (in shares) at Jun. 30, 2022     0            
Ending balance (in shares) at Jun. 30, 2022       151,885,454          
Ending balance at Jun. 30, 2022 9,189   $ 0 $ 1 6,595 9,692 (6,436) (1,120) 457
Beginning balance at Mar. 31, 2022   370              
Increase (Decrease) in Temporary Equity                  
Net income (loss)   2              
Other comprehensive income (loss)   (21)              
Ending balance at Jun. 30, 2022   351              
Beginning balance (in shares) at Mar. 31, 2022     0            
Beginning balance (in shares) at Mar. 31, 2022       151,653,069          
Beginning balance at Mar. 31, 2022 8,741   $ 0 $ 1 6,332 9,581 (6,213) (1,120) 160
Increase (Decrease) in Stockholders' Equity                  
Net income (loss) 223         206     17
Other comprehensive income (loss) (226)           (223)   (3)
Dividends on common shares (95)         (95)      
Dividends to noncontrolling interests on subsidiary common stock (4)               (4)
Sale of noncontrolling interest 521       234       287
Share-based compensation expense 16       16        
Issuance of common shares, including stock dividends (in shares)       232,385          
Issuance of common shares, including stock dividends 13       13        
Ending balance (in shares) at Jun. 30, 2022     0            
Ending balance (in shares) at Jun. 30, 2022       151,885,454          
Ending balance at Jun. 30, 2022 9,189   $ 0 $ 1 6,595 9,692 (6,436) (1,120) 457
Beginning balance at Dec. 31, 2022 4 4              
Ending balance at Jun. 30, 2023 $ 4 4              
Beginning balance (in shares) at Dec. 31, 2022     0            
Beginning balance (in shares) at Dec. 31, 2022 149,907,932     149,907,932          
Beginning balance at Dec. 31, 2022 $ 9,956   $ 0 $ 1 6,692 10,222 (6,371) (1,320) 732
Increase (Decrease) in Stockholders' Equity                  
Net income (loss) 1,288         1,254     34
Other comprehensive income (loss) 279           280   (1)
Dividends on common shares (194)         (194)      
Dividends to noncontrolling interests on subsidiary common stock (15)               (15)
Capital contribution (return) from (to) noncontrolling interest 33               33
Share-based compensation expense 34       34        
Repurchase of common shares 0                
Issuance of common shares, including stock dividends (in shares)       722,277          
Issuance of common shares, including stock dividends $ (23)       (20) (3)      
Ending balance (in shares) at Jun. 30, 2023     0            
Ending balance (in shares) at Jun. 30, 2023 150,630,209     150,630,209          
Ending balance at Jun. 30, 2023 $ 11,358   $ 0 $ 1 6,706 11,279 (6,091) (1,320) 783
Beginning balance at Mar. 31, 2023   4              
Ending balance at Jun. 30, 2023 4 $ 4              
Beginning balance (in shares) at Mar. 31, 2023     0            
Beginning balance (in shares) at Mar. 31, 2023       150,585,513          
Beginning balance at Mar. 31, 2023 10,719   $ 0 $ 1 6,688 10,757 (6,171) (1,320) 764
Increase (Decrease) in Stockholders' Equity                  
Net income (loss) 629         622     7
Other comprehensive income (loss) 76           80   (4)
Dividends on common shares (100)         (100)      
Dividends to noncontrolling interests on subsidiary common stock (15)               (15)
Capital contribution (return) from (to) noncontrolling interest 31               31
Share-based compensation expense 17       17        
Issuance of common shares, including stock dividends (in shares)       44,696          
Issuance of common shares, including stock dividends $ 1       1        
Ending balance (in shares) at Jun. 30, 2023     0            
Ending balance (in shares) at Jun. 30, 2023 150,630,209     150,630,209          
Ending balance at Jun. 30, 2023 $ 11,358   $ 0 $ 1 $ 6,706 $ 11,279 $ (6,091) $ (1,320) $ 783