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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Changes in Carrying Amount of Service and Product Warranties

The changes in the carrying amount of service and product warranties are as follows (in millions):

 

Balance at December 31, 2021

 

$

73

 

Net provisions for warranties issued during the year

 

 

11

 

Amounts incurred

 

 

(17

)

Currency translation adjustments

 

 

3

 

Balance at December 31, 2022

 

$

70

 

Net provisions for warranties issued during the year

 

 

16

 

Amounts incurred

 

 

(16

)

Currency translation adjustments and other

 

 

2

 

Balance at December 31, 2023

 

$

72

 
Computation of Weighted Average Basic and Diluted Shares Outstanding

The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):

 

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Company

 

$

993

 

 

$

155

 

 

$

(250

)

Denominator:

 

 

 

 

 

 

 

 

 

Basic—weighted average common shares outstanding

 

 

393

 

 

 

390

 

 

 

386

 

Dilutive effect of employee stock options and other unvested
   stock awards

 

 

4

 

 

 

4

 

 

 

—

 

Diluted outstanding shares

 

 

397

 

 

 

394

 

 

 

386

 

Basic income (loss) attributable to Company per share

 

$

2.53

 

 

$

0.40

 

 

$

(0.65

)

Diluted income (loss) attributable to Company per share

 

$

2.50

 

 

$

0.39

 

 

$

(0.65

)

Cash dividends per share

 

$

0.20

 

 

$

0.20

 

 

$

0.05