Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated and Combined Statements of Equity (Unaudited)

v3.22.1
Condensed Consolidated and Combined Statements of Equity (Unaudited) - USD ($)
shares in Millions
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings/(Accumulated Deficit)
Accumulated Other Comprehensive Loss
Balance as of beginning of period, shares at Dec. 31, 2020   93        
Balance as of beginning of period, value at Dec. 31, 2020 $ 963,000,000 $ 1,000,000 $ (408,000,000) $ 1,504,000,000 $ (82,000,000) $ (52,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 24,000,000       24,000,000  
Period change 14,000,000         14,000,000
Dividends (15,000,000)       (15,000,000)  
Net share settlement of incentive equity awards (5,000,000)     (5,000,000)    
Change in deferred compensation 5,000,000     5,000,000    
Exercise of stock options 4,000,000     4,000,000    
Other 1,000,000       1,000,000  
Ending balance, shares at Mar. 31, 2021   93        
Balance as of end of period, value at Mar. 31, 2021 991,000,000 $ 1,000,000 (408,000,000) 1,508,000,000 (72,000,000) (38,000,000)
Balance as of beginning of period, shares at Dec. 31, 2021   92        
Balance as of beginning of period, value at Dec. 31, 2021 1,089,000,000 $ 1,000,000 (519,000,000) 1,543,000,000 79,000,000 (15,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 106,000,000          
Period change 31,000,000         31,000,000
Dividends (30,000,000)       (30,000,000)  
Stock Repurchased During Period, Value (38,000,000)   (38,000,000)      
Net share settlement of incentive equity awards (9,000,000)     (9,000,000)    
Change in deferred compensation 8,000,000     8,000,000    
Exercise of stock options 2,000,000     2,000,000    
Ending balance, shares at Mar. 31, 2022   92        
Balance as of end of period, value at Mar. 31, 2022 $ 1,159,000,000 $ 1,000,000 $ (557,000,000) $ 1,544,000,000 $ 155,000,000 $ 16,000,000