v3.26.1
INTERIM CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Total MVW Stockholders' Equity
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive (Loss) Income
Retained Earnings
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024     75,900,000          
Beginning balance at Dec. 31, 2024 $ 2,441 $ 2,442 $ 1 $ (2,378) $ 3,975 $ (8) $ 852 $ (1)
Increase (Decrease) in Stockholders' Equity                
Net income 57 56         56 1
Foreign currency translation adjustments (1) (1)       (1)    
Share-based compensation plans 1 1   8 (7)      
Repurchase of common stock (36) (36)   (36)        
Dividends (27) (27)         (27)  
Ending balance (in shares) at Mar. 31, 2025     75,900,000          
Ending balance at Mar. 31, 2025 2,435 2,435 $ 1 (2,406) 3,968 (9) 881 0
Beginning balance (in shares) at Dec. 31, 2024     75,900,000          
Beginning balance at Dec. 31, 2024 2,441 2,442 $ 1 (2,378) 3,975 (8) 852 (1)
Increase (Decrease) in Stockholders' Equity                
Net income 126              
Derivative instrument adjustment 1              
Ending balance (in shares) at Jun. 30, 2025     75,900,000          
Ending balance at Jun. 30, 2025 2,484 2,484 $ 1 (2,404) 3,979 (14) 922 0
Beginning balance (in shares) at Mar. 31, 2025     75,900,000          
Beginning balance at Mar. 31, 2025 2,435 2,435 $ 1 (2,406) 3,968 (9) 881 0
Increase (Decrease) in Stockholders' Equity                
Net income 69 69         69 0
Foreign currency translation adjustments (6) (6)       (6)    
Derivative instrument adjustment 1 1       1    
Share-based compensation plans 13 13   2 11      
Dividends (28) (28)         (28)  
Ending balance (in shares) at Jun. 30, 2025     75,900,000          
Ending balance at Jun. 30, 2025 $ 2,484 2,484 $ 1 (2,404) 3,979 (14) 922 0
Beginning balance (in shares) at Dec. 31, 2025 75,891,531   75,900,000          
Beginning balance at Dec. 31, 2025 $ 1,993 1,993 $ 1 (2,427) 3,996 (11) 434 0
Increase (Decrease) in Stockholders' Equity                
Net income 22 22         22 0
Reclassification of foreign currency translation adjustments realized upon disposition of entity (2) (2)       (2)    
Derivative instrument adjustment 1 1       1    
Share-based compensation plans 5 5   12 (7)      
Dividends (27) (27)         (27)  
Ending balance (in shares) at Mar. 31, 2026     75,900,000          
Ending balance at Mar. 31, 2026 $ 1,992 1,992 $ 1 (2,415) 3,989 (12) 429 0
Beginning balance (in shares) at Dec. 31, 2025 75,891,531   75,900,000          
Beginning balance at Dec. 31, 2025 $ 1,993 1,993 $ 1 (2,427) 3,996 (11) 434 0
Increase (Decrease) in Stockholders' Equity                
Net income 99              
Derivative instrument adjustment $ 2              
Ending balance (in shares) at Jun. 30, 2026 75,919,908   75,900,000          
Ending balance at Jun. 30, 2026 $ 2,057 2,057 $ 1 (2,413) 4,001 (10) 478 0
Beginning balance (in shares) at Mar. 31, 2026     75,900,000          
Beginning balance at Mar. 31, 2026 1,992 1,992 $ 1 (2,415) 3,989 (12) 429 0
Increase (Decrease) in Stockholders' Equity                
Net income 77 77         77  
Foreign currency translation adjustments 1 1       1    
Derivative instrument adjustment 1 1       1    
Share-based compensation plans 14 14   2 12      
Dividends $ (28) (28)         (28)  
Ending balance (in shares) at Jun. 30, 2026 75,919,908   75,900,000          
Ending balance at Jun. 30, 2026 $ 2,057 $ 2,057 $ 1 $ (2,413) $ 4,001 $ (10) $ 478 $ 0