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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of comprehensive income [abstract]      
Net (loss)/income [1] $ (656) $ (227) $ 256
Other comprehensive income to be eventually recycled into the consolidated income statement:      
Fair value adjustments on marketable securities, net of taxes [2] 0 0 21
Currency translation effects (4) (58) 184
Total of items to eventually recycle (4) (58) 205
Other comprehensive income never to be recycled into the consolidated income statement:      
Actuarial (losses)/gains from defined benefit plans, net of taxes [3] (55) 8 36
Fair value adjustments on equity securities, net of taxes [4] (2) (23) 0
Total of items never to be recycled (57) (15) 36
Total comprehensive (loss)/income [1] $ (717) $ (300) $ 497
[1] "Former parent net investment" and "Equity" were previously presented as "Retained earnings" and "Invested capital", respectively, and were renamed upon the execution of the Spin-off.
[2]
No taxes were recorded in 2019, 2018 and 2017.
[3]
Amounts are net of tax benefit of $11 million in 2019 and net of tax expenses of $2 million and $26 million in 2018 and 2017, respectively.
[4]
Amount is net of tax benefit of $5 million in 2019. No taxes were recorded in 2018 and 2017.