v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY AND NONCONTROLLING INTEREST (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2022   307,116,089        
Beginning balance at Dec. 31, 2022 $ 2,150 $ 3 $ 2,054 $ 469 $ (377) $ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 207     207    
Other Comprehensive Income (Loss), Net of Tax:            
Derivative Instruments (5)       (5)  
Currency Translation Adjustment 25       24 1
Repurchase of Common Stock (in shares) [1]   (1,210,000)        
Repurchase of Common Stock [1] (29)   (7) (22)    
Dividends Declared (31)     (31)    
Recognition of Stock-Based Compensation, Net (7)   (7)      
Issuance of Shares for Stock-Based Awards (in shares)   1,221,873        
Ending balance (in shares) at Mar. 31, 2023   307,127,962        
Ending balance at Mar. 31, 2023 2,310 $ 3 2,040 623 (358) 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 150     150    
Other Comprehensive Income (Loss), Net of Tax:            
Derivative Instruments 8       8  
Pension and Postretirement Benefit Plans 1       1  
Currency Translation Adjustment (1)         (1)
Repurchase of Common Stock (in shares)   (14,232)        
Dividends Declared (30)     (30)    
Recognition of Stock-Based Compensation, Net 12   12      
Issuance of Shares for Stock-Based Awards (in shares)   89,097        
Ending balance (in shares) at Jun. 30, 2023   307,202,827        
Ending balance at Jun. 30, 2023 $ 2,450 $ 3 2,052 743 (349) 1
Beginning balance (in shares) at Dec. 31, 2023 306,058,815 306,058,815        
Beginning balance at Dec. 31, 2023 $ 2,782 $ 3 2,062 1,029 (313) 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 165     165    
Other Comprehensive Income (Loss), Net of Tax:            
Derivative Instruments (1)       (1)  
Currency Translation Adjustment (57)       (57)  
Dividends Declared (31)     (31)    
Issuance of Shares for Stock-Based Awards (in shares)   1,234,251        
Ending balance (in shares) at Mar. 31, 2024   307,293,066        
Ending balance at Mar. 31, 2024 2,858 $ 3 2,062 1,163 (371) 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 190     190    
Other Comprehensive Income (Loss), Net of Tax:            
Derivative Instruments 4       4  
Pension and Postretirement Benefit Plans 3       3  
Currency Translation Adjustment (25)       (25)  
Repurchase of Common Stock (in shares)   (7,243,734)        
Repurchase of Common Stock (202)   (46) (156)    
Dividends Declared (30)     (30)    
Recognition of Stock-Based Compensation, Net 15   15      
Issuance of Shares for Stock-Based Awards (in shares)   52,639        
Ending balance (in shares) at Jun. 30, 2024   300,101,971        
Ending balance at Jun. 30, 2024 $ 2,813 $ 3 $ 2,031 $ 1,167 $ (389) $ 1
[1] Includes 60,000 shares repurchased but not yet settled as of March 31, 2023.