Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated and Combined Statements of Equity

v3.20.4
Condensed Consolidated and Combined Statements of Equity - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Treasury Stock
Former Parent’s Net Investment
Former Parent’s Net Investment
Cumulative Effect, Period of Adoption, Adjustment
Additional Paid-in Capital
Retained Earnings/(Accumulated Deficit)
Retained Earnings/(Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income/(Loss)
Beginning balance, shares (in shares) at Dec. 31, 2017     0              
Balance as of beginning of period, value at Dec. 31, 2017 $ 1,262 $ (15) $ 0 $ 0 $ 1,257 $ (15) $ 0 $ 0   $ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net (loss)/income 162       43     119    
Other comprehensive income (loss) (13)                 (13)
Net transfer to and net contribution from former Parent 222       222          
Dividends (75)       (25)          
Dividends, Common Stock               (50)    
Other         (1,482)   1,482      
Issuance of common stock (in shares)     100              
Issuance of common stock 1   $ 1              
Stock Repurchased During Period, Shares     (2)              
Net share settlement of incentive equity awards (34)           (34)      
Repurchase of common stock (119)     (119)            
Change in deferred compensation 26           26      
Other 1           1      
Ending balance, shares (in shares) at Dec. 31, 2018     98              
Balance as of end of period, value at Dec. 31, 2018 1,418   $ 1 (119) 0   1,475 69   (8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net (loss)/income 157             157    
Other comprehensive income (loss) (19)                 (19)
Dividends (113)                  
Dividends, Common Stock $ (19)             (113)    
Stock Repurchased During Period, Shares (4)                  
Net share settlement of incentive equity awards $ (5)           (5)      
Repurchase of common stock (244)     (244)            
Change in deferred compensation 20           20      
Other (2)           (2)      
Ending balance, shares (in shares) at Dec. 31, 2019     94              
Balance as of end of period, value at Dec. 31, 2019 1,212 $ (10) $ 1 (363) 0   1,488 113 $ (10) (27)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net (loss)/income (132)             (132)    
Other comprehensive income (loss) (25)                 (25)
Dividends, Common Stock $ (53)             (53)    
Stock Repurchased During Period, Shares (1)                  
Net share settlement of incentive equity awards $ (4)           (4)      
Repurchase of common stock (45)     (45)            
Change in deferred compensation 21           21      
Other (1)           (1)      
Ending balance, shares (in shares) at Dec. 31, 2020     93              
Balance as of end of period, value at Dec. 31, 2020 $ 963   $ 1 $ (408) $ 0   $ 1,504 $ (82)   $ (52)