v3.25.1
STOCKHOLDERS’ EQUITY
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
STOCKHOLDERS’ EQUITY STOCKHOLDERS’ EQUITY
Mandatory Convertible Preferred Stock
At December 31, 2023, there were 10 million shares of our Mandatory Convertible Preferred Stock outstanding. During the first quarter of 2024, 0.3 million shares of Mandatory Convertible Preferred Stock were voluntarily converted into Class B Common Stock at a conversion rate of 1.0013 shares. On April 1, 2024, each of the remaining 9.7 million outstanding shares of our Mandatory Convertible Preferred Stock automatically and mandatorily converted into 1.1765 shares of our Class B Common Stock, resulting in the issuance of 11.5 million shares of Class B Common Stock. The final dividend on the Mandatory Convertible Preferred Stock was declared during the first quarter of 2024 and paid on April 1, 2024.

Dividends
The following table presents dividends declared per share and total dividends for our Class A and Class B Common Stock for the three months ended March 31, 2025 and 2024, and our Mandatory Convertible Preferred Stock for the three months ended March 31, 2024.
Three Months Ended
March 31,
20252024
Class A and Class B Common Stock
Dividends declared per common share$.05 $.05 
Total common stock dividends$35 $35 
Mandatory Convertible Preferred Stock
Dividends declared per preferred sharen/a$1.4375 
Total preferred stock dividendsn/a$14 
n/a - not applicable
Accumulated Other Comprehensive Income (Loss)
The following tables summarize the changes in the components of accumulated other comprehensive loss.
Cumulative
Translation
Adjustments		Net Actuarial
Loss and Prior
Service Cost		Accumulated
Other
Comprehensive Loss
At December 31, 2024$(657)$(947)$(1,604)
Other comprehensive income before
reclassifications		73 — 73 
Reclassifications to net earnings— 10 
(a)
10 
Other comprehensive income73 10 83 
At March 31, 2025$(584)$(937)$(1,521)
Cumulative
Translation
Adjustments		Net Actuarial
Loss and Prior
Service Cost		Accumulated
Other
Comprehensive Loss
At December 31, 2023$(504)$(1,052)$(1,556)
Other comprehensive loss before
reclassifications		(68)— (68)
Reclassifications to net loss— 9 
(a)
9 
Other comprehensive income (loss)(68)9 (59)
At March 31, 2024$(572)$(1,043)$(1,615)
(a) Reflects amortization of net actuarial losses (see Note 11).
The net actuarial loss and prior service cost related to pension and other postretirement benefit plans included in other comprehensive income (loss) is net of a tax benefit of $3 million for each of the three-month periods ended March 31, 2025 and 2024.