v3.26.3
Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Capital In Excess Of Par
Retained Earnings
Treasury Shares, at cost
Accumulated Other Comprehensive Loss
Non controlling Interests
Beginning balance (in shares) at Dec. 31, 2024   218.1          
Beginning balance at Dec. 31, 2024 $ 1,956 $ 255 $ 1,599 $ 1,677 $ (1,037) $ (582) $ 44
Comprehensive income:              
Net income 99     99      
Long-term employee benefit plans, net of tax 1         1  
Foreign currency translation, net of tax benefit 63         61 2
Comprehensive income 163     99   62 2
Recognition of stock-based compensation 5   5        
Shares issued under compensation plans (in shares)   0.5          
Shares issued under compensation plans (2)   (2)        
Ending balance (in shares) at Mar. 31, 2025   218.6          
Ending balance at Mar. 31, 2025 2,122 $ 255 1,602 1,776 (1,037) (520) 46
Beginning balance (in shares) at Dec. 31, 2024   218.1          
Beginning balance at Dec. 31, 2024 1,956 $ 255 1,599 1,677 (1,037) (582) 44
Comprehensive income:              
Net income 319            
Comprehensive income 519            
Ending balance (in shares) at Sep. 30, 2025   213.3          
Ending balance at Sep. 30, 2025 2,325 $ 255 1,615 1,995 (1,202) (384) 46
Beginning balance (in shares) at Mar. 31, 2025   218.6          
Beginning balance at Mar. 31, 2025 2,122 $ 255 1,602 1,776 (1,037) (520) 46
Comprehensive income:              
Net income 110     109     1
Long-term employee benefit plans, net of tax 1         1  
Foreign currency translation, net of tax benefit 135         136 (1)
Comprehensive income 246     109   137 0
Recognition of stock-based compensation 8   8        
Common stock purchases (in shares)   (2.0)          
Common stock purchases (65)       (65)    
Ending balance (in shares) at Jun. 30, 2025   216.6          
Ending balance at Jun. 30, 2025 2,311 $ 255 1,610 1,885 (1,102) (383) 46
Comprehensive income:              
Net income 110     110      
Net realized and unrealized gain on derivatives, net of tax 1         1  
Foreign currency translation, net of tax benefit (1)         (2) 1
Comprehensive income 110     110   (1) 1
Recognition of stock-based compensation 6   6        
Shares issued under compensation plans (in shares)   0.0          
Shares issued under compensation plans (1)   (1)        
Common stock purchases (in shares)   (3.3)          
Common stock purchases (100)       (100)    
Dividends declared to noncontrolling interests (1)           (1)
Ending balance (in shares) at Sep. 30, 2025   213.3          
Ending balance at Sep. 30, 2025 2,325 $ 255 1,615 1,995 (1,202) (384) 46
Beginning balance (in shares) at Dec. 31, 2025   213.4          
Beginning balance at Dec. 31, 2025 2,393 $ 255 1,621 2,055 (1,202) (383) 47
Comprehensive income:              
Net income 91     90     1
Net realized and unrealized gain on derivatives, net of tax 1         1  
Long-term employee benefit plans, net of tax 1         1  
Foreign currency translation, net of tax benefit (20)         (18) (2)
Comprehensive income 73     90   (16) (1)
Recognition of stock-based compensation 7   7        
Shares issued under compensation plans (in shares)   0.6          
Shares issued under compensation plans (6) $ 1 (7)        
Ending balance (in shares) at Mar. 31, 2026   214.0          
Ending balance at Mar. 31, 2026 2,467 $ 256 1,621 2,145 (1,202) (399) 46
Beginning balance (in shares) at Dec. 31, 2025   213.4          
Beginning balance at Dec. 31, 2025 2,393 $ 255 1,621 2,055 (1,202) (383) 47
Comprehensive income:              
Net income 275            
Comprehensive income 257            
Ending balance (in shares) at Sep. 30, 2026   214.0          
Ending balance at Sep. 30, 2026 2,666 $ 256 1,637 2,329 (1,202) (400) 46
Beginning balance (in shares) at Mar. 31, 2026   214.0          
Beginning balance at Mar. 31, 2026 2,467 $ 256 1,621 2,145 (1,202) (399) 46
Comprehensive income:              
Net income 89     89      
Net realized and unrealized gain on derivatives, net of tax 1         1  
Long-term employee benefit plans, net of tax 1         1  
Foreign currency translation, net of tax benefit 3         2 1
Comprehensive income 94     89   4 1
Recognition of stock-based compensation 8   8        
Ending balance (in shares) at Jun. 30, 2026   214.0          
Ending balance at Jun. 30, 2026 2,569 $ 256 1,629 2,234 (1,202) (395) 47
Comprehensive income:              
Net income 95     95      
Long-term employee benefit plans, net of tax 1         1  
Foreign currency translation, net of tax benefit (6)         (6)  
Comprehensive income 90     95   (5)  
Recognition of stock-based compensation 8   8        
Dividends declared to noncontrolling interests (1)           (1)
Ending balance (in shares) at Sep. 30, 2026   214.0          
Ending balance at Sep. 30, 2026 $ 2,666 $ 256 $ 1,637 $ 2,329 $ (1,202) $ (400) $ 46