| Schedule of Stockholders' Equity |
The following summarizes our shareholders’ equity activity for the three and six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | Ordinary Shares | | Par Value | Capital in Excess of Par Value | | Retained
Deficit | | Accumulated Other Comprehensive Income (Loss) | | Non-controlling Interests | | Total Shareholders’ Equity | | Balance at December 31, 2024 | 72.1 | | | $ | — | | $ | 2,921 | | | $ | (1,486) | | | $ | (150) | | | $ | (2) | | | $ | 1,283 | | | | Net Income | — | | | — | | — | | | 76 | | | — | | | 10 | | | 86 | | | | Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes | 1.3 | | | — | | (34) | | | — | | | — | | | — | | | (34) | | | | Share Repurchases | (0.8) | | | — | | (53) | | | — | | | — | | | — | | | (53) | | | Dividends Declared ($0.25 per share) (1) | — | | | — | | — | | | (18) | | | — | | | — | | | (18) | | | | Other Comprehensive Income | — | | | — | | — | | | — | | | 96 | | | — | | | 96 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at March 31, 2025 | 72.6 | | | $ | — | | $ | 2,834 | | | $ | (1,428) | | | $ | (54) | | | $ | 8 | | | $ | 1,360 | | | | Net Income | — | | | — | | — | | | 136 | | | — | | | 9 | | | 145 | | | | Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes | — | | | — | | 10 | | | — | | | — | | | — | | | 10 | | | | Share Repurchases | (0.8) | | | — | | (34) | | | — | | | — | | | — | | | (34) | | | Dividends Declared ($0.25 per share) (1) | — | | | — | | — | | | (19) | | | — | | | — | | | (19) | | | Distributions to Noncontrolling Interests | — | | | — | | — | | | — | | | — | | | (8) | | | (8) | | | | Other Comprehensive Income | — | | | — | | — | | | — | | | 65 | | | — | | | 65 | | | Balance at June 30, 2025 | 71.8 | | | $ | — | | $ | 2,810 | | | $ | (1,311) | | | $ | 11 | | | $ | 9 | | | $ | 1,519 | | | (1) Includes dividend equivalent rights on share-based awards. | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | Ordinary Shares | | Par Value | | Capital In Excess of Par Value | | Retained Deficit | | Accumulated Other Comprehensive Loss | | Non-controlling Interests | | Total Shareholders’ Equity | | | | | | | Balance at December 31, 2023 | 72.1 | | $ | — | | | $ | 2,906 | | | $ | (1,954) | | | $ | (28) | | | $ | (2) | | | $ | 922 | | | | | | | | Net Income | — | | | — | | | — | | | 112 | | | — | | | 11 | | | 123 | | | | | | | | Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes | 0.3 | | — | | | 4 | | | — | | | — | | | — | | | 4 | | | | | | | | Other Comprehensive Loss | — | | | — | | | — | | | — | | | (24) | | | — | | | (24) | | | | | | | | Equity Issued for Acquisitions | 0.8 | | — | | | 75 | | | — | | | — | | | — | | | 75 | | | | | | | | Balance at March 31, 2024 | 73.2 | | $ | — | | | $ | 2,985 | | | $ | (1,842) | | | $ | (52) | | | $ | 9 | | | $ | 1,100 | | | | | | | | Net Income | — | | | — | | | — | | | 125 | | | — | | | 12 | | | 137 | | | | | | | | Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes | — | | | — | | | 12 | | | — | | | — | | | — | | | 12 | | | | | | | | Distributions to Noncontrolling Interests | — | | | — | | | — | | | — | | | — | | | (9) | | | (9) | | | | | | | | Balance at June 30, 2024 | 73.2 | | $ | — | | | $ | 2,997 | | | $ | (1,717) | | | $ | (52) | | | $ | 12 | | | $ | 1,240 | | | | | | | |
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| Schedule of Accumulated Other Comprehensive Income (Loss) |
The following table presents the changes in our accumulated other comprehensive income (loss) by component for the six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | (Dollars in millions) | Currency Translation Adjustment | Defined Benefit Pension | | | Total | Balance at December 31, 2024 | $ | (156) | | $ | 6 | | | | $ | (150) | | | | | | | | | Other Comprehensive Income | 161 | | — | | | | 161 | | | | | | | | | | | | | | | | | | | | Balance at June 30, 2025 | $ | 5 | | $ | 6 | | | | $ | 11 | | | | | | | | Balance at December 31, 2023 | $ | (43) | | $ | 15 | | | | $ | (28) | | | | | | | | | Other Comprehensive Loss | (24) | | — | | | | (24) | | | | | | | | | | | | | | | | | | | | Balance at June 30, 2024 | $ | (67) | | $ | 15 | | | | $ | (52) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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