Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated and Combined Statements of Equity

v3.19.2
Condensed Consolidated and Combined Statements of Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Treasury Stock
Former Parent’s Net Investment
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income/(Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cumulative effect of change in accounting standard $ (15)     $ (15)      
Beginning balance, shares at Dec. 31, 2017   0          
Balance as of beginning of period, value at Dec. 31, 2017 1,262 $ 0 $ 0 1,257 $ 0 $ 0 $ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 39     39      
Other comprehensive income/(loss) 1           1
Net transfers to former Parent (14)     (14)      
Balance as of end of period, value at Mar. 31, 2018 1,273     1,267     6
Beginning balance, shares at Dec. 31, 2017   0          
Balance as of beginning of period, value at Dec. 31, 2017 1,262 $ 0 0 1,257 0 0 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 61            
Other comprehensive income/(loss) (2)            
Ending balance, shares at Jun. 30, 2018   100          
Balance as of end of period, value at Jun. 30, 2018 1,436 $ 1 (15) 0 1,429 18 3
Balance as of beginning of period, value at Mar. 31, 2018 1,273     1,267     6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 21     4   17  
Other comprehensive income/(loss) (3)           (3)
Dividends (25)     (25)      
Repurchase of common stock (15)   (15)        
Change in deferred compensation (4)       (4)    
Net transfers to former Parent (24)     (24)      
Net contributions from former Parent 234     234      
Transfers of net investment to additional paid-in capital       (1,456) 1,456    
Stock Repurchased During Period, Shares   100          
Stock Issued During Period, Value, New Issues 1 $ 1          
Net Share Settlement of Incentive Equity Awards (27)       (27)    
Other 5       4    
Retained Earnings, Other           1  
Ending balance, shares at Jun. 30, 2018   100          
Balance as of end of period, value at Jun. 30, 2018 1,436 $ 1 (15) $ 0 1,429 18 3
Beginning balance, shares at Dec. 31, 2018   98          
Balance as of beginning of period, value at Dec. 31, 2018 1,418 $ 1 (119)   1,475 69 (8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 21         21  
Other comprehensive income/(loss) (7)           (7)
Dividends (29)         (29)  
Repurchase of common stock (44)   (44)        
Change in deferred compensation 5       5    
Stock Repurchased During Period, Shares   1          
Other 0   (1)   1    
Ending balance, shares at Mar. 31, 2019   97          
Balance as of end of period, value at Mar. 31, 2019 1,364 $ 1 (164)   1,481 61 (15)
Beginning balance, shares at Dec. 31, 2018   98          
Balance as of beginning of period, value at Dec. 31, 2018 1,418 $ 1 (119)   1,475 69 (8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 47            
Other comprehensive income/(loss) (22)            
Ending balance, shares at Jun. 30, 2019   96          
Balance as of end of period, value at Jun. 30, 2019 1,300 $ 1 (214)   1,484 59 (30)
Beginning balance, shares at Mar. 31, 2019   97          
Balance as of beginning of period, value at Mar. 31, 2019 1,364 $ 1 (164)   1,481 61 (15)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 26         26  
Other comprehensive income/(loss) (15)           (15)
Dividends (28)         (28)  
Repurchase of common stock (50)   (50)        
Change in deferred compensation 6       6    
Stock Repurchased During Period, Shares   1          
Net Share Settlement of Incentive Equity Awards (4)       (4)    
Other 1       1    
Ending balance, shares at Jun. 30, 2019   96          
Balance as of end of period, value at Jun. 30, 2019 $ 1,300 $ 1 $ (214)   $ 1,484 $ 59 $ (30)