v3.26.3
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 income (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 income (loss):                
Net income [1] 510              
Total Comprehensive Income 640              
Balance at Sep. 30, 2025 2,559 79 874 2,275 (530) (148) 2,549 10
Balance at Mar. 31, 2025 2,361 80 900 2,176 (652) (153) 2,351 10
Comprehensive income (loss):                
Net income 168     167     167 0
Foreign currency translation adjustment 114       114   114 0
Pension liability 5       5   5  
Total Comprehensive Income 286 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
Comprehensive income (loss):                
Net income 175 [1]     175     175 0
Foreign currency translation adjustment 0       0   0 (0)
Pension liability 3       3   3  
Total Comprehensive Income 179 0 0 175 3 0 178 0
Repurchased and retired shares (100) (1) (16) (83)     (100)  
Stock-based compensation 3         3 3  
Dividends paid to non-controlling interest on subsidiary shares (1)             (1)
Cash dividends declared 1     1     1  
Other (1)     (1)     (1)  
Balance at Sep. 30, 2025 2,559 79 874 2,275 (530) (148) 2,549 10
Balance at Dec. 31, 2025 2,582 77 850 2,308 (518) (146) 2,572 10
Comprehensive income (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 income (loss):                
Net income [1] 398              
Total Comprehensive Income 421              
Balance at Sep. 30, 2026 2,470 74 796 2,216 (495) (133) 2,459 11
Balance at Mar. 31, 2026 2,644 77 850 2,384 (541) (137) 2,634 10
Comprehensive income (loss):                
Net income 101     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
Comprehensive income (loss):                
Net income 155 [1]     155     155 0
Foreign currency translation adjustment 22       22   22 0
Pension liability 5       5   5  
Total Comprehensive Income 182     155 27   182 0
Repurchased and retired shares (150) (1) (23) (125)     (150)  
Stock-based compensation 2         2 2  
Dividends paid to non-controlling interest on subsidiary shares 0             0
Cash dividends declared (63)     (63)     (63)  
Other (2)     (2)     (2)  
Balance at Sep. 30, 2026 $ 2,470 $ 74 $ 796 $ 2,216 $ (495) $ (133) $ 2,459 $ 11
[1] For the three months periods ended September 30, 2026 and 2025, the aggregate transaction gain (loss) included in net income for the period was a gain of $9 million and a loss of $7 million, respectively. For the nine months periods ended September 30, 2026 and 2025, the aggregate transaction gain (loss) included in net income for the period was a gain of $15 million and a loss of $21 million, respectively.