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INTERIM CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Total MVW Stockholders' Equity
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2022     75,700,000          
Beginning balance at Dec. 31, 2022 $ 2,498 $ 2,496 $ 1 $ (2,054) $ 3,941 $ 15 $ 593 $ 2
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 87 87         87  
Foreign currency translation adjustments 6 6       6    
Derivative instrument adjustment (3) (3)       (3)    
Share-based compensation plans (in shares)     100,000          
Share-based compensation plans (2) (2)   2 (4)      
Repurchase of common stock (80) (80)   (80)        
Dividends (26) (26)         (26)  
Ending balance (in shares) at Mar. 31, 2023     75,800,000          
Ending balance at Mar. 31, 2023 2,480 2,478 $ 1 (2,132) 3,937 18 654 2
Beginning balance (in shares) at Dec. 31, 2022     75,700,000          
Beginning balance at Dec. 31, 2022 2,498 2,496 $ 1 (2,054) 3,941 15 593 2
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 177              
Derivative instrument adjustment (4)              
Ending balance (in shares) at Jun. 30, 2023     75,800,000          
Ending balance at Jun. 30, 2023 2,478 2,476 $ 1 (2,213) 3,947 23 718 2
Beginning balance (in shares) at Mar. 31, 2023     75,800,000          
Beginning balance at Mar. 31, 2023 2,480 2,478 $ 1 (2,132) 3,937 18 654 2
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 90 90         90 0
Foreign currency translation adjustments 6 6       6    
Derivative instrument adjustment (1) (1)       (1)    
Share-based compensation plans 11 11   1 10      
Repurchase of common stock (82) (82)   (82)        
Dividends (26) (26)         (26)  
Ending balance (in shares) at Jun. 30, 2023     75,800,000          
Ending balance at Jun. 30, 2023 $ 2,478 2,476 $ 1 (2,213) 3,947 23 718 2
Beginning balance (in shares) at Dec. 31, 2023 75,807,882   75,800,000          
Beginning balance at Dec. 31, 2023 $ 2,382 2,382 $ 1 (2,332) 3,955 16 742 0
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 46 47         47 (1)
Foreign currency translation adjustments 1 1       1    
Derivative instrument adjustment (2) (2)       (2)    
Share-based compensation plans 1 1   5 (4)      
Repurchase of common stock (24) (24)   (24)        
Dividends (26) (26)         (26)  
Ending balance (in shares) at Mar. 31, 2024     75,800,000          
Ending balance at Mar. 31, 2024 $ 2,378 2,379 $ 1 (2,351) 3,951 15 763 (1)
Beginning balance (in shares) at Dec. 31, 2023 75,807,882   75,800,000          
Beginning balance at Dec. 31, 2023 $ 2,382 2,382 $ 1 (2,332) 3,955 16 742 0
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 84              
Derivative instrument adjustment $ (3)              
Repurchase of common stock       (36)        
Ending balance (in shares) at Jun. 30, 2024 75,847,792   75,800,000          
Ending balance at Jun. 30, 2024 $ 2,372 2,372 $ 1 (2,362) 3,959 1 773 0
Beginning balance (in shares) at Mar. 31, 2024     75,800,000          
Beginning balance at Mar. 31, 2024 2,378 2,379 $ 1 (2,351) 3,951 15 763 (1)
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 38 37         37 1
Foreign currency translation adjustments (13) (13)       (13)    
Derivative instrument adjustment (1) (1)       (1)    
Share-based compensation plans 9 9   1 8      
Repurchase of common stock (12) (12)   (12)        
Dividends $ (27) (27)         (27)  
Ending balance (in shares) at Jun. 30, 2024 75,847,792   75,800,000          
Ending balance at Jun. 30, 2024 $ 2,372 $ 2,372 $ 1 $ (2,362) $ 3,959 $ 1 $ 773 $ 0