v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) (Statement) - USD ($)
$ in Millions
Total
Total
Ordinary shares
Additional paid in capital
Treasury shares
Accumulated other comprehensive income / (loss)
Other reserves
Retained earnings
Non-controlling interests
Equity, beginning balance at Dec. 31, 2023 $ 742 $ 718 $ 4 $ 513 $ 0 $ 0 $ 136 $ 65 $ 24
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 22 21           21 1
Other comprehensive (loss) income (11) (11)       (11)      
Total comprehensive (loss) / income 11 10       (11)   21 1
Share-based compensation 6 6         6    
Repurchase of ordinary shares (7) (7)     (7)        
Transactions with non-controlling interests (1)               (1)
Equity, ending balance at Mar. 31, 2024 751 727 4 513 (7) (11) 142 86 24
Equity, beginning balance at Dec. 31, 2023 742 718 4 513 0 0 136 65 24
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 99                
Other comprehensive (loss) income (16)                
Total comprehensive (loss) / income 83                
Equity, ending balance at Jun. 30, 2024 796 773 4 513 (11) (16) 149 134 23
Equity, beginning balance at Mar. 31, 2024 751 727 4 513 (7) (11) 142 86 24
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 77 76           76 1
Other comprehensive (loss) income (5) (5)       (5)      
Total comprehensive (loss) / income 72 71       (5)   76 1
Share-based compensation 7 7         7    
Repurchase of ordinary shares (32) (32)     (32)        
Allocation of treasury shares to share-based compensation plan vested 0 0     28     (28)  
Transactions with non-controlling interests (2)               (2)
Equity, ending balance at Jun. 30, 2024 796 773 4 513 (11) (16) 149 134 23
Equity, beginning balance at Dec. 31, 2024 727 706 4 513 (51) (14) 161 93 21
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 38 37           37 1
Other comprehensive (loss) income 11 11       11      
Total comprehensive (loss) / income 49 48       11   37 1
Share-based compensation 6 6         6    
Repurchase of ordinary shares (15) (15)     (15)        
Allocation of treasury shares to share-based compensation plan vested 0 0     12     (12)  
Other 0 0       2   (2)  
Transactions with non-controlling interests (2)               (2)
Equity, ending balance at Mar. 31, 2025 765 745 4 513 (54) (1) 167 116 20
Equity, beginning balance at Dec. 31, 2024 727 706 4 513 (51) (14) 161 93 21
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 74                
Other comprehensive (loss) income 39                
Total comprehensive (loss) / income 113                
Allocation of treasury shares to share-based compensation plan vested 0                
Transactions with non-controlling interests                 (2)
Equity, ending balance at Jun. 30, 2025 799 780 4 513 (89) 26 174 152 19
Equity, beginning balance at Mar. 31, 2025 765 745 4 513 (54) (1) 167 116 20
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 36 36           36  
Other comprehensive (loss) income 28 27       27     1
Total comprehensive (loss) / income 64 63       27   36 1
Share-based compensation 7 7         7    
Repurchase of ordinary shares (35) (35)     (35)        
Other 0                
Transactions with non-controlling interests (2)                
Equity, ending balance at Jun. 30, 2025 $ 799 $ 780 $ 4 $ 513 $ (89) $ 26 $ 174 $ 152 $ 19