v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2023   306,058,815        
Beginning balance at Dec. 31, 2023 $ 2,782 $ 3 $ 2,062 $ 1,029 $ (313) $ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 165     165    
Other Comprehensive Income (Loss), Net of Tax:            
Derivative Instruments (1)       (1)  
Currency Translation Adjustment (57)       (57)  
Dividends Declared (31)     (31)    
Issuance of Shares for Stock-Based Awards (in shares)   1,234,251        
Ending balance (in shares) at Mar. 31, 2024   307,293,066        
Ending balance at Mar. 31, 2024 2,858 $ 3 2,062 1,163 (371) 1
Beginning balance (in shares) at Dec. 31, 2023   306,058,815        
Beginning balance at Dec. 31, 2023 2,782 $ 3 2,062 1,029 (313) 1
Other Comprehensive Income (Loss), Net of Tax:            
Derivative Instruments 4          
Currency Translation Adjustment (31)          
Ending balance (in shares) at Sep. 30, 2024   300,135,726        
Ending balance at Sep. 30, 2024 3,011 $ 3 2,042 1,302 (338) 2
Beginning balance (in shares) at Mar. 31, 2024   307,293,066        
Beginning balance at Mar. 31, 2024 2,858 $ 3 2,062 1,163 (371) 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 190     190    
Other Comprehensive Income (Loss), Net of Tax:            
Derivative Instruments 4       4  
Pension and Postretirement Benefit Plans 3       3  
Currency Translation Adjustment (25)       (25)  
Repurchase of Common Stock (in shares)   (7,243,734)        
Repurchase of Common Stock (202)   (46) (156)    
Dividends Declared (30)     (30)    
Recognition of Stock-Based Compensation, Net 15   15      
Issuance of Shares for Stock-Based Awards (in shares)   52,639        
Ending balance (in shares) at Jun. 30, 2024   300,101,971        
Ending balance at Jun. 30, 2024 2,813 $ 3 2,031 1,167 (389) 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 165     165    
Other Comprehensive Income (Loss), Net of Tax:            
Derivative Instruments 1       1  
Currency Translation Adjustment 51       50 1
Dividends Declared (30)     (30)    
Recognition of Stock-Based Compensation, Net 11   11      
Issuance of Shares for Stock-Based Awards (in shares)   33,755        
Ending balance (in shares) at Sep. 30, 2024   300,135,726        
Ending balance at Sep. 30, 2024 $ 3,011 $ 3 2,042 1,302 (338) 2
Beginning balance (in shares) at Dec. 31, 2024 300,163,372 300,163,372        
Beginning balance at Dec. 31, 2024 $ 3,013 $ 3 2,054 1,410 (455) 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 127     127    
Other Comprehensive Income (Loss), Net of Tax:            
Derivative Instruments 5       5  
Currency Translation Adjustment 77       77  
Dividends Declared (33)     (33)    
Recognition of Stock-Based Compensation, Net (31)   (31)      
Issuance of Shares for Stock-Based Awards (in shares)   1,590,909        
Ending balance (in shares) at Mar. 31, 2025   301,754,281        
Ending balance at Mar. 31, 2025 $ 3,158 $ 3 2,023 1,504 (373) 1
Beginning balance (in shares) at Dec. 31, 2024 300,163,372 300,163,372        
Beginning balance at Dec. 31, 2024 $ 3,013 $ 3 2,054 1,410 (455) 1
Other Comprehensive Income (Loss), Net of Tax:            
Derivative Instruments (4)          
Currency Translation Adjustment $ 186          
Ending balance (in shares) at Sep. 30, 2025 295,112,894 295,112,894        
Ending balance at Sep. 30, 2025 $ 3,286 $ 3 1,979 1,575 (272) 1
Beginning balance (in shares) at Mar. 31, 2025   301,754,281        
Beginning balance at Mar. 31, 2025 3,158 $ 3 2,023 1,504 (373) 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 104     104    
Other Comprehensive Income (Loss), Net of Tax:            
Derivative Instruments (7)       (7)  
Currency Translation Adjustment 111       111  
Repurchase of Common Stock (in shares) [1]   (4,982,296)        
Repurchase of Common Stock [1] (112)   (31) (81)    
Dividends Declared (33)     (33)    
Recognition of Stock-Based Compensation, Net (2)   (2)      
Issuance of Shares for Stock-Based Awards (in shares)   111,079        
Ending balance (in shares) at Jun. 30, 2025   296,883,064        
Ending balance at Jun. 30, 2025 3,219 $ 3 1,990 1,494 (269) 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net Income 142     142    
Other Comprehensive Income (Loss), Net of Tax:            
Derivative Instruments (2)       (2)  
Pension and Postretirement Benefit Plans 1       1  
Currency Translation Adjustment (2)       (2) 0
Repurchase of Common Stock (in shares)   (1,782,953)        
Repurchase of Common Stock (39)   (10) (29)    
Dividends Declared (32)     (32)    
Recognition of Stock-Based Compensation, Net $ (1)   (1)      
Issuance of Shares for Stock-Based Awards (in shares)   12,783        
Ending balance (in shares) at Sep. 30, 2025 295,112,894 295,112,894        
Ending balance at Sep. 30, 2025 $ 3,286 $ 3 $ 1,979 $ 1,575 $ (272) $ 1
[1]
(a) Includes 185,042 shares repurchased but not yet settled as of June 30, 2025.