Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated and Combined Statements of Equity (Unaudited)

v3.20.2
Condensed Consolidated and Combined Statements of Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings/(Accumulated Deficit)
Accumulated Other Comprehensive Loss
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 (loss)/income 21       21  
Period change (7)         (7)
Dividends (29)       (29)  
Repurchase of common stock (shares)   (1)        
Repurchase of common stock (44)   (44)      
Change in deferred compensation 5     5    
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 (loss)/income 47          
Period change (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 (loss)/income 26       26  
Period change (15)         (15)
Dividends (28)       (28)  
Repurchase of common stock (shares)   (1)        
Repurchase of common stock (50)   (50)      
Net share settlement of incentive equity awards (4)     (4)    
Change in deferred compensation 6     6    
Adjustments to Additional Paid in Capital, Other 1     1    
Other         0  
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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Cumulative effect of change in accounting standard | Accounting Standards Update 2016-13 (10)       (10)  
Beginning balance, shares at Dec. 31, 2019   94        
Balance as of beginning of period, value at Dec. 31, 2019 1,212 $ 1 (363) 1,488 113 (27)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss)/income 22       22  
Period change (39)         (39)
Dividends (30)       (30)  
Repurchase of common stock (shares)   (1)        
Repurchase of common stock (45)   (45)      
Net share settlement of incentive equity awards (2)     (2)    
Change in deferred compensation 4     4    
Ending balance, shares at Mar. 31, 2020   93        
Balance as of end of period, value at Mar. 31, 2020 1,112 $ 1 (408) 1,490 95 (66)
Beginning balance, shares at Dec. 31, 2019   94        
Balance as of beginning of period, value at Dec. 31, 2019 1,212 $ 1 (363) 1,488 113 (27)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss)/income (152)          
Period change (40)          
Ending balance, shares at Jun. 30, 2020   93        
Balance as of end of period, value at Jun. 30, 2020 933 $ 1 (408) 1,493 (86) (67)
Beginning balance, shares at Mar. 31, 2020   93        
Balance as of beginning of period, value at Mar. 31, 2020 1,112 $ 1 (408) 1,490 95 (66)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss)/income (174)       (174)  
Period change (1)         (1)
Dividends (8)       (8)  
Net share settlement of incentive equity awards (2)     (2)    
Change in deferred compensation 6     6    
Adjustments to Additional Paid in Capital, Other 0     (1)    
Other         1  
Ending balance, shares at Jun. 30, 2020   93        
Balance as of end of period, value at Jun. 30, 2020 $ 933 $ 1 $ (408) $ 1,493 $ (86) $ (67)