v3.26.1
CONSOLIDATED STATEMENTS OF TOTAL EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock
Total controlling interest's equity
Non-controlling interest
Balance at Dec. 31, 2024 $ 2,285 $ 80 $ 910 $ 2,105 $ (659) $ (160) $ 2,276 $ 10
Comprehensive Loss:                
Net income 167     167     167 0
Foreign currency translation adjustment 10       10   10 0
Pension liability (3)       (3)   (3)  
Total Comprehensive Income 175     167 7   174 0
Repurchased and retired shares (50) (1) (10) (40)     (50)  
Stock-based compensation 7         7 7  
Cash dividends declared (54)     (54)     (54)  
Other (1)     (1)     (1)  
Balance at Mar. 31, 2025 2,361 80 900 2,176 (652) (153) 2,351 10
Balance at Dec. 31, 2024 2,285 80 910 2,105 (659) (160) 2,276 10
Comprehensive Loss:                
Net income [1] 335              
Total Comprehensive Income 461              
Balance at Jun. 30, 2025 2,480 79 890 2,183 (534) (151) 2,469 11
Balance at Mar. 31, 2025 2,361 80 900 2,176 (652) (153) 2,351 10
Comprehensive Loss:                
Net income 168 [1]     167     167 0
Foreign currency translation adjustment 114       114   114 0
Pension liability 5       5   5  
Total Comprehensive Income 287 0 0 167 119 0 286 1
Repurchased and retired shares (51) (1) (10) (41)     (51)  
Stock-based compensation 2         2 2  
Cash dividends declared (119)     (119)     (119)  
Other (1)     (1)     (1)  
Balance at Jun. 30, 2025 2,480 79 890 2,183 (534) (151) 2,469 11
Balance at Dec. 31, 2025 2,582 77 850 2,308 (518) (146) 2,572 10
Comprehensive Loss:                
Net income 142     141     141 0
Foreign currency translation adjustment (24)       (24)   (24) 0
Pension liability 0       0   0  
Total Comprehensive Income 118     141 (24)   118 0
Repurchased and retired shares 0           0  
Stock-based compensation 9         9 9  
Cash dividends declared (65)     (65)     (65)  
Other 0     0     0  
Balance at Mar. 31, 2026 2,644 77 850 2,384 (541) (137) 2,634 10
Balance at Dec. 31, 2025 2,582 77 850 2,308 (518) (146) 2,572 10
Comprehensive Loss:                
Net income [1] 242              
Total Comprehensive Income 239              
Balance at Jun. 30, 2026 2,501 76 819 2,251 (521) (135) 2,490 11
Balance at Mar. 31, 2026 2,644 77 850 2,384 (541) (137) 2,634 10
Comprehensive Loss:                
Net income 101 [1]     100     100 0
Foreign currency translation adjustment 13       13   13 0
Pension liability 7       (7)   (7)  
Total Comprehensive Income 121     100 20   121 0
Repurchased and retired shares (200) (2) (31) (167)     (200)  
Stock-based compensation 2         2 2  
Cash dividends declared (64)     (64)     (64)  
Other (2)     (2)     (2)  
Balance at Jun. 30, 2026 $ 2,501 $ 76 $ 819 $ 2,251 $ (521) $ (135) $ 2,490 $ 11
[1] For the three months periods ended June 30, 2026 and 2025, the aggregate transaction gain (loss) included in net income for the period was a gain of $0 million and a loss of $7 million, respectively. For the six months periods ended June 30, 2026 and 2025, the aggregate transaction gain (loss) included in net income for the period was a gain of $6 million and a loss of $14 million, respectively.