v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($)
$ in Millions
Total
Ordinary shares
Treasury shares
Accumulated other comprehensive income / (loss)
Additional paid in capital
Retained earnings
Non-controlling interests
Equity, beginning balance (in shares) at Dec. 31, 2024   143,523,308          
Equity, beginning balance at Dec. 31, 2024 $ 727 $ 4 $ (51) $ (14) $ 674 $ 93 $ 21
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 38         37 1
Other comprehensive income / (loss) 11     11      
Total comprehensive (loss) / income 49     11   37 1
Share-based compensation 6       6    
Repurchase of ordinary shares (in shares)   (1,421,058)          
Repurchase of ordinary shares (15)   (15)        
Allocation of treasury shares to share-based compensation plan vested (in shares)   815,749          
Allocation of treasury shares to share-based compensation plan vested 0   12     (12)  
Other 0     2   (2)  
Transactions with non-controlling interests (2)           (2)
Equity, ending balance (in shares) at Mar. 31, 2025   142,917,999          
Equity, ending balance at Mar. 31, 2025 $ 765 $ 4 (54) (1) 680 116 20
Equity, beginning balance (in shares) at Dec. 31, 2025 135,424,702 135,424,702          
Equity, beginning balance at Dec. 31, 2025 $ 971 $ 4 (153) 54 693 354 19
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 196         199 (3)
Other comprehensive income / (loss) (15)     (15)      
Total comprehensive (loss) / income 181     (15)   199 (3)
Share issuance 0            
Share-based compensation 11       11    
Repurchase of ordinary shares (in shares)   (1,152,075)          
Repurchase of ordinary shares (28)   (28)        
Allocation of treasury shares to share-based compensation plan vested (in shares)   1,877,823          
Allocation of treasury shares to share-based compensation plan vested 0   24     (24)  
Transactions with non-controlling interests $ (3)           (3)
Equity, ending balance (in shares) at Mar. 31, 2026 136,150,450 136,150,450          
Equity, ending balance at Mar. 31, 2026 $ 1,132 $ 4 $ (157) $ 39 $ 704 $ 529 $ 13