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INTERIM CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Total MVW Stockholders' Equity
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive (Loss) Income
Retained Earnings
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2023     75,800,000          
Beginning balance at Dec. 31, 2023 $ 2,382 $ 2,382 $ 1 $ (2,332) $ 3,955 $ 16 $ 742 $ 0
Increase (Decrease) in Stockholders' Equity                
Net income 46 47         47 (1)
Foreign currency translation adjustments 1 1       1    
Derivative instrument adjustment (2) (2)       (2)    
Share-based compensation plans 1 1   5 (4)      
Repurchase of common stock (24) (24)   (24)        
Dividends (26) (26)         (26)  
Ending balance (in shares) at Mar. 31, 2024     75,800,000          
Ending balance at Mar. 31, 2024 2,378 2,379 $ 1 (2,351) 3,951 15 763 (1)
Beginning balance (in shares) at Dec. 31, 2023     75,800,000          
Beginning balance at Dec. 31, 2023 2,382 2,382 $ 1 (2,332) 3,955 16 742 0
Increase (Decrease) in Stockholders' Equity                
Net income 84              
Derivative instrument adjustment (3)              
Ending balance (in shares) at Jun. 30, 2024     75,800,000          
Ending balance at Jun. 30, 2024 2,372 2,372 $ 1 (2,362) 3,959 1 773 0
Beginning balance (in shares) at Mar. 31, 2024     75,800,000          
Beginning balance at Mar. 31, 2024 2,378 2,379 $ 1 (2,351) 3,951 15 763 (1)
Increase (Decrease) in Stockholders' Equity                
Net income 38 37         37 1
Foreign currency translation adjustments (13) (13)       (13)    
Derivative instrument adjustment (1) (1)       (1)    
Share-based compensation plans 9 9   1 8      
Repurchase of common stock (12) (12)   (12)        
Dividends (27) (27)         (27)  
Ending balance (in shares) at Jun. 30, 2024     75,800,000          
Ending balance at Jun. 30, 2024 $ 2,372 2,372 $ 1 (2,362) 3,959 1 773 0
Beginning balance (in shares) at Dec. 31, 2024 75,852,678   75,900,000          
Beginning balance at Dec. 31, 2024 $ 2,441 2,442 $ 1 (2,378) 3,975 (8) 852 (1)
Increase (Decrease) in Stockholders' Equity                
Net income 57 56         56 1
Foreign currency translation adjustments (1) (1)       (1)    
Share-based compensation plans 1 1   8 (7)      
Repurchase of common stock (36) (36)   (36)        
Dividends (27) (27)         (27)  
Ending balance (in shares) at Mar. 31, 2025     75,900,000          
Ending balance at Mar. 31, 2025 $ 2,435 2,435 $ 1 (2,406) 3,968 (9) 881 0
Beginning balance (in shares) at Dec. 31, 2024 75,852,678   75,900,000          
Beginning balance at Dec. 31, 2024 $ 2,441 2,442 $ 1 (2,378) 3,975 (8) 852 (1)
Increase (Decrease) in Stockholders' Equity                
Net income 126              
Derivative instrument adjustment $ 1              
Ending balance (in shares) at Jun. 30, 2025 75,889,673   75,900,000          
Ending balance at Jun. 30, 2025 $ 2,484 2,484 $ 1 (2,404) 3,979 (14) 922 0
Beginning balance (in shares) at Mar. 31, 2025     75,900,000          
Beginning balance at Mar. 31, 2025 2,435 2,435 $ 1 (2,406) 3,968 (9) 881 0
Increase (Decrease) in Stockholders' Equity                
Net income 69 69         69 0
Foreign currency translation adjustments (6) (6)       (6)    
Derivative instrument adjustment 1 1       1    
Share-based compensation plans 13 13   2 11      
Dividends $ (28) (28)         (28)  
Ending balance (in shares) at Jun. 30, 2025 75,889,673   75,900,000          
Ending balance at Jun. 30, 2025 $ 2,484 $ 2,484 $ 1 $ (2,404) $ 3,979 $ (14) $ 922 $ 0