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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($)
$ in Millions
Total
Share Capital
Other Reserves
Former parent net investment
Fair value adjustments on equity securities
Actuarial (losses)/gains from defined benefit plans
Cumulative currency translation effects
Total value adjustments
Total invested capital, beginning balance at Dec. 31, 2018 $ 22,639 $ 0 $ 0 $ 22,650 $ (23) $ (17) $ 29 $ (11)
Net (loss) (499)   (390) (109)        
Other comprehensive (loss) (8)       (2) (7) 1 (8)
Total comprehensive (loss) (507)   (390) (109) (2) (7) 1 (8)
Movements of financing provided to former parent, net (2,658)     (2,658)        
Other transactions with former parent (46)     (46)        
Reclassification of deferred equity-compensation (7)     (7)        
Distribution by former parent of share capital   20 19,812 (19,832)        
Equity-based compensation 28   28          
Other movements 3   1 2        
Total other movements (2,680) 20 19,841 (22,541)        
Total invested capital, ending balance at Jun. 30, 2019 19,452 20 19,451 $ 0 (25) (24) 30 (19)
Total invested capital, beginning balance at Dec. 31, 2019 19,303 20 19,355   (25) (72) 25 (72) [1]
Net (loss) (479)   (479)          
Other comprehensive (loss) (72)       (7) (23) (42) (72) [1]
Total comprehensive (loss) (551)   (479)   (7) (23) (42) (72) [1]
Equity-based compensation 42   42          
Other movements (21) [2]   2 [2]     (23)   (23)
Total other movements 21   44     (23)   (23)
Total invested capital, ending balance at Jun. 30, 2020 $ 18,773 $ 20 $ 18,920   $ (32) $ (118) $ (17) $ (167) [1]
[1]
"Total value adjustments" are presented net of the corresponding tax effects.
[2] Activity includes hyperinflationary accounting and an adjustment to actuarial (losses) for other post-employment benefit obligation assumption changes directly related to the Spin-off on April 9, 2019 but which was not recorded at that time.