v3.26.1
Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Additional Paid-in Capital
Deficit
Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2024 $ 2,588 $ 2,827 $ (125) $ (114)
Net Income (Loss) (70)   (70)  
Net derivative (losses) gains on cash flow hedges:        
Net (losses) gains arising during the period, net of tax 36     36
Less: Reclassification adjustment for losses (gains) included in net (loss) earnings, net of tax 9     9
Foreign currency translation adjustments 61     61
Change in unrecognized gains (losses) and prior service cost related to pension and other post-retirement benefit plans, net of tax (1)     (1)
Balance at Jun. 30, 2025 2,623 2,827 (195) (9)
Balance at Mar. 31, 2025 2,607 2,827 (119) (101)
Net Income (Loss) (76)   (76)  
Net derivative (losses) gains on cash flow hedges:        
Net (losses) gains arising during the period, net of tax 31     31
Less: Reclassification adjustment for losses (gains) included in net (loss) earnings, net of tax 1     1
Foreign currency translation adjustments 60     60
Change in unrecognized gains (losses) and prior service cost related to pension and other post-retirement benefit plans, net of tax 0      
Balance at Jun. 30, 2025 2,623 2,827 (195) (9)
Balance at Dec. 31, 2025 1,905 2,827 (929) 7
Net Income (Loss) (224)   (224)  
Net derivative (losses) gains on cash flow hedges:        
Net (losses) gains arising during the period, net of tax (14)     (14)
Less: Reclassification adjustment for losses (gains) included in net (loss) earnings, net of tax (6)     (6)
Foreign currency translation adjustments (33)     (33)
Change in unrecognized gains (losses) and prior service cost related to pension and other post-retirement benefit plans, net of tax 5     5
Balance at Jun. 30, 2026 1,633 2,827 (1,153) (41)
Balance at Mar. 31, 2026 1,706 2,827 (1,097) (24)
Net Income (Loss) (56)   (56)  
Net derivative (losses) gains on cash flow hedges:        
Net (losses) gains arising during the period, net of tax (5)     (5)
Less: Reclassification adjustment for losses (gains) included in net (loss) earnings, net of tax 1     1
Foreign currency translation adjustments (18)     (18)
Change in unrecognized gains (losses) and prior service cost related to pension and other post-retirement benefit plans, net of tax 5     5
Balance at Jun. 30, 2026 $ 1,633 $ 2,827 $ (1,153) $ (41)