Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF EQUITY

v3.24.4
CONSOLIDATED STATEMENT OF EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Cumulative Effect, Adjustment
Common Stock
Former Parent's investment
Retained earnings
Retained earnings
Cumulative Effect, Adjustment
Accumulated other comprehensive loss
Additional Paid-in Capital
Treasury Stock
Noncontrolling interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance $ 13,134   $ 0 $ (4,104) $ 13,639   $ 34 $ 0 $ 0 $ 3,565
Beginning balance (in shares) at Dec. 31, 2021     0              
Beginning balance, treasury stock (in shares) at Dec. 31, 2021                 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 1,118       908         210
Other comprehensive income (loss) (5)                 (5)
Share-based compensation 226     187           39
Exercise of options and RSU vestings in period 7     (70)           77
Withholding taxes on net share settlements of share-based compensation (118)     (118)            
Transactions with Former Parent, net (Note 14) (1,043)     (1,043)            
Dividends paid (249)                 (249)
Other, net (59)     (47) 20         (32)
Shares repurchased (640)     (173)           (467)
Ending balance (in shares) at Dec. 31, 2022     0              
Ending balance at Dec. 31, 2022 12,371   $ 0 (5,368) 14,567   34 0 $ 0 3,138
Ending balance, treasury stock (in shares) at Dec. 31, 2022                 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance 12,371   $ 0 (5,368) 14,567   34 0 $ 0 3,138
Net income (loss) 988       786         202
Other comprehensive income (loss) (25)           (27)     2
Share-based compensation 221     187           34
Exercise of options and RSU vestings in period 5     (60)           65
Withholding taxes on net share settlements of share-based compensation (64)     (64)            
Transactions with Former Parent, net (Note 14) (3)     (3)            
Dividends paid (65)                 (65)
Other, net (52)     (21)           (31)
Shares repurchased $ (274)     45           (319)
Ending balance (in shares) at Dec. 31, 2023 0   0              
Ending balance at Dec. 31, 2023 $ 13,102 $ (1) $ 0 (5,284) 15,353 $ (1) 7 0 $ 0 3,026
Ending balance, treasury stock (in shares) at Dec. 31, 2023 0               0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance $ 13,102 $ (1) $ 0 (5,284) 15,353 $ (1) 7 0 $ 0 3,026
Net income (loss) (2,075)       (1,665)         (410)
Other comprehensive income (loss) (56)           (53)     (3)
Share-based compensation 223     131 15     53   24
Exercise of options and RSU vestings in period 0     (55)           55
Withholding taxes on net share settlements of share-based compensation (45)     (39)       (6)    
Dividends paid (143)       (45)     (47)   (51)
Tax sharing adjustment with Former Parent 82     82            
Other, net (6)     (3) (3)          
Change in capitalization in connection with the Split-Off (in shares)     339,000              
Change in capitalization in connection with the Split-Off 0     5,168 (2,527)         (2,641)
Shares repurchased (7)               (7)  
Shares Retired $ 0       (6)       6  
Ending balance (in shares) at Dec. 31, 2024 339,000   339,000              
Ending balance at Dec. 31, 2024 $ 11,074   $ 0 0 11,121   (46) 0 $ (1) 0
Ending balance, treasury stock (in shares) at Dec. 31, 2024 26               0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance $ 11,074   $ 0 $ 0 $ 11,121   $ (46) $ 0 $ (1) $ 0