v3.23.3
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)   13              
Other comprehensive income (loss)   (25)              
Acquisition of redeemable noncontrolling interest   (367)              
Ending balance at Sep. 30, 2022   2              
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) 1,291         1,274     17
Other comprehensive income (loss) (150)           (125)   (25)
Dividends on common shares (268)         (268)      
Dividends to noncontrolling interests on subsidiary common stock (4)               (4)
Acquisition of redeemable noncontrolling interest 265       45   (15)   235
Sale of noncontrolling interest 521       234       287
Share-based compensation expense 47       47        
Repurchase of common shares (in shares)       (2,109,115)          
Repurchase of common shares (200)             (200)  
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)       1,985,280          
Issuance of common shares, including stock dividends 44       49 (5)      
Ending balance (in shares) at Sep. 30, 2022     0            
Ending balance (in shares) at Sep. 30, 2022       149,796,910          
Ending balance at Sep. 30, 2022 9,371   $ 0 $ 1 6,655 9,980 (6,611) (1,320) 666
Beginning balance at Jun. 30, 2022   351              
Increase (Decrease) in Temporary Equity                  
Net income (loss)   7              
Other comprehensive income (loss)   11              
Acquisition of redeemable noncontrolling interest   (367)              
Ending balance at Sep. 30, 2022   2              
Beginning balance (in shares) at Jun. 30, 2022     0            
Beginning balance (in shares) at Jun. 30, 2022       151,885,454          
Beginning balance at Jun. 30, 2022 9,189   $ 0 $ 1 6,595 9,692 (6,436) (1,120) 457
Increase (Decrease) in Stockholders' Equity                  
Net income (loss) 376         380     (4)
Other comprehensive income (loss) (182)           (160)   (22)
Dividends on common shares (92)         (92)      
Acquisition of redeemable noncontrolling interest 265       45   (15)   235
Share-based compensation expense 15       15        
Repurchase of common shares (in shares)       (2,109,115)          
Repurchase of common shares (200)             (200)  
Issuance of common shares, including stock dividends (in shares)       20,571          
Issuance of common shares, including stock dividends 0       0        
Ending balance (in shares) at Sep. 30, 2022     0            
Ending balance (in shares) at Sep. 30, 2022       149,796,910          
Ending balance at Sep. 30, 2022 9,371   $ 0 $ 1 6,655 9,980 (6,611) (1,320) 666
Beginning balance at Dec. 31, 2022 4 4              
Increase (Decrease) in Temporary Equity                  
Net income (loss)   (1)              
Ending balance at Sep. 30, 2023 $ 3 3              
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) 1,678         1,627     51
Other comprehensive income (loss) 142           147   (5)
Dividends on common shares (290)         (290)      
Dividends to noncontrolling interests on subsidiary common stock (17)               (17)
Capital contribution (return) from (to) noncontrolling interest 40               40
Acquisition of noncontrolling interest 91               91
Share-based compensation expense 51       51        
Repurchase of common shares (in shares)       (4,327,536)          
Repurchase of common shares (488)             (488)  
Issuance of common shares, including stock dividends (in shares)       787,907          
Issuance of common shares, including stock dividends $ (20)       (16) (4)      
Ending balance (in shares) at Sep. 30, 2023     0            
Ending balance (in shares) at Sep. 30, 2023 146,368,303     146,368,303          
Ending balance at Sep. 30, 2023 $ 11,143   $ 0 $ 1 6,727 11,555 (6,224) (1,808) 892
Beginning balance at Jun. 30, 2023   4              
Increase (Decrease) in Temporary Equity                  
Net income (loss)   (1)              
Ending balance at Sep. 30, 2023 3 $ 3              
Beginning balance (in shares) at Jun. 30, 2023     0            
Beginning balance (in shares) at Jun. 30, 2023       150,630,209          
Beginning balance at Jun. 30, 2023 11,358   $ 0 $ 1 6,706 11,279 (6,091) (1,320) 783
Increase (Decrease) in Stockholders' Equity                  
Net income (loss) 390         373     17
Other comprehensive income (loss) (137)           (133)   (4)
Dividends on common shares (96)         (96)      
Dividends to noncontrolling interests on subsidiary common stock (2)               (2)
Capital contribution (return) from (to) noncontrolling interest 7               7
Acquisition of noncontrolling interest 91               91
Share-based compensation expense 17       17        
Repurchase of common shares (in shares)       (4,327,536)          
Repurchase of common shares (488)             (488)  
Issuance of common shares, including stock dividends (in shares)       65,630          
Issuance of common shares, including stock dividends $ 3       4        
Ending balance (in shares) at Sep. 30, 2023     0            
Ending balance (in shares) at Sep. 30, 2023 146,368,303     146,368,303          
Ending balance at Sep. 30, 2023 $ 11,143   $ 0 $ 1 $ 6,727 $ 11,555 $ (6,224) $ (1,808) $ 892