v3.26.1
Interim Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock [Member]
Treasury Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive (Loss) Income [Member]
Non-controlling Interests [Member]
Total Equity, beginning balance at Dec. 31, 2024 $ 572 $ 2 $ (1,804) $ 1,055 $ 1,685 $ (367) $ 1
Shares, beginning balance at Dec. 31, 2024   198,300,033          
Treasury Shares, beginning balance at Dec. 31, 2024     48,871,602        
Common stock issued - compensation plans     $ 1   (1)    
Common stock issued - compensation plans (in shares)   234,194 (24,723)        
Exercise of stock options, net (in shares)   10,952          
Stock-based compensation expense 12     12      
Cancellation of unissued stock awards withheld to cover taxes (1)     (1)      
Net loss (384)       (385)   1
Dividends (50)       (50)    
Other comprehensive income 81         81  
Total Equity, ending balance at Jun. 30, 2025 230 $ 2 $ (1,803) 1,066 1,249 (286) 2
Shares, ending balance at Jun. 30, 2025   198,545,179          
Treasury Shares, ending balance at Jun. 30, 2025     48,846,879        
Total Equity, beginning balance at Mar. 31, 2025 567 $ 2 $ (1,804) 1,060 1,642 (334) 1
Shares, beginning balance at Mar. 31, 2025   198,438,218          
Treasury Shares, beginning balance at Mar. 31, 2025     48,870,197        
Common stock issued - compensation plans     $ 1 (1)      
Common stock issued - compensation plans (in shares)   106,961 (23,318)        
Stock-based compensation expense 7     7      
Net loss (379)       (380)   1
Dividends (13)       (13)    
Other comprehensive income 48         48  
Total Equity, ending balance at Jun. 30, 2025 230 $ 2 $ (1,803) 1,066 1,249 (286) 2
Shares, ending balance at Jun. 30, 2025   198,545,179          
Treasury Shares, ending balance at Jun. 30, 2025     48,846,879        
Total Equity, beginning balance at Dec. 31, 2025 $ 251 $ 2 $ (1,802) 1,074 1,220 (244) 1
Shares, beginning balance at Dec. 31, 2025   198,720,786          
Treasury Shares, beginning balance at Dec. 31, 2025 48,826,793   48,826,793        
Common stock issued - compensation plans     $ 1 (1)      
Common stock issued - compensation plans (in shares)   237,114 (13,499)        
Exercise of stock options, net $ 3     3      
Exercise of stock options, net (in shares)   318,662          
Stock-based compensation expense 14     14      
Cancellation of unissued stock awards withheld to cover taxes (2)     (2)      
Net loss (303)       (303)    
Dividends (26)       (26)    
Other comprehensive income 15         15  
Total Equity, ending balance at Jun. 30, 2026 $ (48) $ 2 $ (1,801) 1,088 891 (229) 1
Shares, ending balance at Jun. 30, 2026   199,276,562          
Treasury Shares, ending balance at Jun. 30, 2026 48,813,294   48,813,294        
Total Equity, beginning balance at Mar. 31, 2026 $ 216 $ 2 $ (1,802) 1,081 1,178 (244) 1
Shares, beginning balance at Mar. 31, 2026   199,180,562          
Treasury Shares, beginning balance at Mar. 31, 2026     48,825,334        
Common stock issued - compensation plans     $ 1 (1)      
Common stock issued - compensation plans (in shares)   31,286 (12,040)        
Exercise of stock options, net 1     1      
Exercise of stock options, net (in shares)   64,714          
Stock-based compensation expense 7     7      
Net loss (274)       (274)    
Dividends (13)       (13)    
Other comprehensive income 15         15  
Total Equity, ending balance at Jun. 30, 2026 $ (48) $ 2 $ (1,801) $ 1,088 $ 891 $ (229) $ 1
Shares, ending balance at Jun. 30, 2026   199,276,562          
Treasury Shares, ending balance at Jun. 30, 2026 48,813,294   48,813,294