CONSOLIDATED INTERIM STATEMENTS OF EQUITY (DEFICIT) (UNAUDITED) - USD ($)
$ in Millions |
Total |
Common Stock |
Treasury Stock |
Additional Paid-in Capital |
Retained Deficit |
Accumulated Other Comprehensive Income / (Loss) |
| Beginning balance (in shares) at Dec. 31, 2023 |
[1] |
|
238,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
|
$ (735)
|
$ 0
|
|
$ 0
|
$ 1,190
|
$ (1,922)
|
$ (3)
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
|
|
|
0
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
66
|
|
|
|
|
66
|
|
| Share repurchases/Repurchases of Common Stock (in shares) |
|
|
|
|
12,000,000
|
|
|
|
| Share repurchases/Repurchases of Common Stock |
|
(109)
|
|
|
$ (109)
|
|
|
|
| Excise tax on share repurchases |
|
(1)
|
|
|
$ (1)
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes (in shares) |
|
|
2,000,000
|
[1] |
1,000,000
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes |
|
(5)
|
|
|
$ (5)
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
41
|
|
|
|
|
|
41
|
| Stock-based compensation |
|
8
|
|
|
|
8
|
|
|
| Ending balance (in shares) at Mar. 31, 2024 |
[1] |
|
240,000,000
|
|
|
|
|
|
| Ending balance at Mar. 31, 2024 |
|
(735)
|
$ 0
|
|
$ (115)
|
1,198
|
(1,856)
|
38
|
| Ending balance (in shares) at Mar. 31, 2024 |
|
|
|
|
13,000,000
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2023 |
[1] |
|
238,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
|
(735)
|
$ 0
|
|
$ 0
|
1,190
|
(1,922)
|
(3)
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
|
|
|
0
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
182
|
|
|
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
(7)
|
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2024 |
[1] |
|
241,000,000
|
|
|
|
|
|
| Ending balance at Sep. 30, 2024 |
|
(778)
|
$ 0
|
|
$ (235)
|
1,207
|
(1,740)
|
(10)
|
| Ending balance (in shares) at Sep. 30, 2024 |
|
|
|
|
26,000,000
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2024 |
[1] |
|
240,000,000
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2024 |
|
(735)
|
$ 0
|
|
$ (115)
|
1,198
|
(1,856)
|
38
|
| Beginning balance (in shares) at Mar. 31, 2024 |
|
|
|
|
13,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
64
|
|
|
|
|
64
|
|
| Share repurchases/Repurchases of Common Stock (in shares) |
|
|
|
|
7,000,000
|
|
|
|
| Share repurchases/Repurchases of Common Stock |
|
(65)
|
|
|
$ (65)
|
|
|
|
| Excise tax on share repurchases |
|
(1)
|
|
|
(1)
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes (in shares) |
[1] |
|
1,000,000
|
|
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes |
|
(1)
|
|
|
(1)
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
8
|
|
|
|
|
|
8
|
| Stock-based compensation |
|
5
|
|
|
|
5
|
|
|
| Ending balance (in shares) at Jun. 30, 2024 |
[1] |
|
241,000,000
|
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
|
(725)
|
$ 0
|
|
$ (182)
|
1,203
|
(1,792)
|
46
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
|
|
20,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
52
|
|
|
|
|
52
|
|
| Share repurchases/Repurchases of Common Stock (in shares) |
|
|
|
|
6,000,000
|
|
|
|
| Share repurchases/Repurchases of Common Stock |
|
(52)
|
|
|
$ (52)
|
|
|
|
| Excise tax on share repurchases |
|
0
|
|
|
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes |
|
(1)
|
|
|
(1)
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
(56)
|
|
|
|
|
|
(56)
|
| Stock-based compensation |
|
4
|
|
|
|
4
|
|
|
| Ending balance (in shares) at Sep. 30, 2024 |
[1] |
|
241,000,000
|
|
|
|
|
|
| Ending balance at Sep. 30, 2024 |
|
(778)
|
$ 0
|
|
$ (235)
|
1,207
|
(1,740)
|
(10)
|
| Ending balance (in shares) at Sep. 30, 2024 |
|
|
|
|
26,000,000
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2024 |
[1] |
|
241,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
|
$ (673)
|
$ 0
|
|
$ (306)
|
1,213
|
(1,653)
|
73
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
34,599,391
|
|
|
35,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
$ 62
|
|
|
|
|
62
|
|
| Share repurchases/Repurchases of Common Stock (in shares) |
|
|
|
|
3,000,000
|
|
|
|
| Share repurchases/Repurchases of Common Stock |
|
(30)
|
|
|
$ (30)
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes (in shares) |
[1] |
|
1,000,000
|
|
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes |
|
(3)
|
|
|
(3)
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
(62)
|
|
|
|
|
|
(62)
|
| Stock-based compensation |
|
6
|
|
|
|
6
|
|
|
| Ending balance (in shares) at Mar. 31, 2025 |
[1] |
|
242,000,000
|
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
|
(700)
|
$ 0
|
|
$ (339)
|
1,219
|
(1,591)
|
11
|
| Ending balance (in shares) at Mar. 31, 2025 |
|
|
|
|
38,000,000
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2024 |
[1] |
|
241,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
|
$ (673)
|
$ 0
|
|
$ (306)
|
1,213
|
(1,653)
|
73
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
34,599,391
|
|
|
35,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
$ 226
|
|
|
|
|
|
|
| Share repurchases/Repurchases of Common Stock |
|
(136)
|
|
|
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
(219)
|
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
[1] |
|
242,000,000
|
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
|
$ (813)
|
$ 0
|
|
$ (447)
|
1,232
|
(1,452)
|
(146)
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
47,397,083
|
|
|
47,000,000
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2025 |
[1] |
|
242,000,000
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
|
$ (700)
|
$ 0
|
|
$ (339)
|
1,219
|
(1,591)
|
11
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
|
|
|
38,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
87
|
|
|
|
|
87
|
|
| Share repurchases/Repurchases of Common Stock (in shares) |
|
|
|
|
3,000,000
|
|
|
|
| Share repurchases/Repurchases of Common Stock |
|
(22)
|
|
|
$ (22)
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes |
|
(1)
|
|
|
(1)
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
(170)
|
|
|
|
|
|
(170)
|
| Dividends |
|
(13)
|
|
|
|
|
(13)
|
|
| Stock-based compensation |
|
7
|
|
|
|
7
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
[1] |
|
242,000,000
|
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
|
(812)
|
$ 0
|
|
$ (362)
|
1,226
|
(1,517)
|
(159)
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
|
|
|
41,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
77
|
|
|
|
|
77
|
|
| Share repurchases/Repurchases of Common Stock (in shares) |
|
|
|
|
6,000,000
|
|
|
|
| Share repurchases/Repurchases of Common Stock |
|
(84)
|
|
|
$ (84)
|
|
|
|
| Excise tax on share repurchases |
|
(1)
|
|
|
(1)
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
13
|
|
|
|
|
|
13
|
| Dividends |
|
(12)
|
|
|
|
|
(12)
|
|
| Stock-based compensation |
|
6
|
|
|
|
6
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
[1] |
|
242,000,000
|
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
|
$ (813)
|
$ 0
|
|
$ (447)
|
$ 1,232
|
$ (1,452)
|
$ (146)
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
47,397,083
|
|
|
47,000,000
|
|
|
|
|
|