XML 16 R9.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF TOTAL EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock
Total controlling interest's equity
Non-controlling interest
Balance at Dec. 31, 2023 $ 2,570 $ 88 $ 1,044 $ 2,289 $ (496) $ (368) $ 2,557 $ 13
Comprehensive Loss:                
Net income 127     126     126 0
Foreign currency translation adjustment (47)       (46)   (46) 0
Pension liability 5       5   5  
Total Comprehensive Income 85     126 (41)   85 0
Repurchased and retired shares (161) (1) (26) (134)     (161)  
Stock-based compensation 4         4 4  
Cash dividends declared (56)     (56)     (56)  
Balance at Mar. 31, 2024 2,442 86 1,018 2,226 (537) (364) 2,429 13
Balance at Dec. 31, 2023 2,570 88 1,044 2,289 (496) (368) 2,557 13
Comprehensive Loss:                
Net income [1] 404              
Balance at Sep. 30, 2024 2,298 84 968 2,154 (559) (358) 2,288 10
Balance at Mar. 31, 2024 2,442 86 1,018 2,226 (537) (364) 2,429 13
Comprehensive Loss:                
Net income 139     138     138 0
Foreign currency translation adjustment (59)       (59)   (59) (0)
Pension liability 2       2   2  
Total Comprehensive Income 83     138 (56)   82 0
Repurchased and retired shares (162) (1) (25) (136)     (162)  
Stock-based compensation 4         4 4  
Dividends paid to non-controlling interest on subsidiary shares (1)           0 (1)
Cash dividends declared (55)     (55)     (55)  
Balance at Jun. 30, 2024 2,311 85 993 2,174 (593) (360) 2,298 13
Comprehensive Loss:                
Net income 139 [1]     138     138 0
Foreign currency translation adjustment 36       35   35 0
Pension liability (1)       (1)   (1)  
Total Comprehensive Income 173     138 34   173 1
Repurchased and retired shares (131) (1) (25) (105)     (131)  
Stock-based compensation 2         2 2  
Dividends paid to non-controlling interest on subsidiary shares (4)             (4)
Cash dividends declared (54)     (54)     (54)  
Balance at Sep. 30, 2024 2,298 84 968 2,154 (559) (358) 2,288 10
Balance at Dec. 31, 2024 2,285 80 910 2,105 (659) (160) 2,276 10
Comprehensive Loss:                
Net income 167     167     167 0
Foreign currency translation adjustment 10       10   10 0
Pension liability (3)       (3)   (3)  
Total Comprehensive Income 175     167 7   174 0
Repurchased and retired shares (50) (1) (10) (40)     (50)  
Stock-based compensation 7         7 7  
Cash dividends declared (54)     (54)     (54)  
Other (1)     (1)     (1)  
Balance at Mar. 31, 2025 2,361 80 900 2,176 (652) (153) 2,351 10
Balance at Dec. 31, 2024 2,285 80 910 2,105 (659) (160) 2,276 10
Comprehensive Loss:                
Net income [1] 510              
Balance at Sep. 30, 2025 2,559 79 874 2,275 (530) (148) 2,549 10
Balance at Mar. 31, 2025 2,361 80 900 2,176 (652) (153) 2,351 10
Comprehensive Loss:                
Net income 168     167     167 0
Foreign currency translation adjustment 114       114   114 0
Pension liability 5       5   5  
Total Comprehensive Income 287     167 119   286 1
Repurchased and retired shares (51) (1) (10) (41)     (51)  
Stock-based compensation 2         2 2  
Cash dividends declared (119)     (119)     (119)  
Other       (1)        
Balance at Jun. 30, 2025 2,480 79 890 2,183 (534) (151) 2,469 11
Comprehensive Loss:                
Net income 175 [1]     175     175 0
Foreign currency translation adjustment 0       0   0 0
Pension liability 3       3   3  
Total Comprehensive Income 179     175 3   178 0
Repurchased and retired shares (100) (1) (16) (83)     (100)  
Stock-based compensation 3         3 3  
Dividends paid to non-controlling interest on subsidiary shares (1)             (1)
Cash dividends declared       1        
Other (1)     (1)     (1)  
Balance at Sep. 30, 2025 $ 2,559 $ 79 $ 874 $ 2,275 $ (530) $ (148) $ 2,549 $ 10
[1] For the three months periods ended September 30, 2025 and 2024, the aggregate transaction gain (loss) included in net income for the period was a loss of $7 million and a loss of $5 million, respectively. For the nine months periods ended September 30, 2025 and 2024, the aggregate transaction gain (loss) included in net income for the period was a loss of $21 million and a loss of $7 million, respectively.