XML 26 R23.htm IDEA: XBRL DOCUMENT v3.19.3
EARNINGS PER SHARE ("EPS") AND EQUITY (Tables)
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings per Share
Basic and diluted weighted average shares outstanding were as follows (in millions):
 
 
Three Months Ended September 30,

Nine Months Ended September 30,
 
 
2019

2018

2019

2018
Basic weighted average common shares outstanding
 
131

 
130

 
131

 
130

Dilutive effect of stock options, restricted stock and restricted stock units
 
2

 
—

 
—

 
2

Diluted weighted average common shares outstanding
 
133

 
130

 
131

 
132

Anti-dilutive stock options, restricted stock and restricted stock units excluded from the calculation of EPS
 
—

 
2

 
2

 
—
Schedule of Changes in Accumulated Other Comprehensive Income
The changes in accumulated other comprehensive loss are as follows (in millions):
 
Foreign Currency Translation
 
Pension and Other Postretirement Plan Unrecognized Net Gain
 
Net Unrealized (Loss) Gain On Derivatives
 
Unrealized loss on intra-entity foreign currency transactions
 
Total
Balance at December 31, 2017
$
(17
)
 
$
2

 
$
(33
)
 
$
(7
)
 
$
(55
)
Other comprehensive loss before reclassifications
(1
)
 
—

 
(7
)
 
(1
)
 
(9
)
Amounts reclassified from accumulated other income
2

 
—

 
27

 
—

 
29

Net current period comprehensive income (loss)
1

 
—

 
20

 
(1
)
 
20

Balance at September 30, 2018
$
(16
)
 
$
2

 
$
(13
)
 
$
(8
)
 
$
(35
)
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2018
$
(19
)
 
$
2

 
$
(12
)
 
$
(4
)
 
$
(33
)
Cumulative effect change in accounting for ASU 2018-02 (see Note1)
—

 
—

 
2

 
—

 
2

Balance at January 1, 2019
(19
)
 
2

 
(10
)
 
(4
)
 
(31
)
Other comprehensive loss before reclassifications
(11
)
 
—

 
(8
)
 
(1
)
 
(20
)
Net current period comprehensive loss
(11
)
 
—

 
(8
)
 
(1
)
 
(20
)
Balance at September 30, 2019
$
(30
)
 
$
2

 
$
(18
)
 
$
(5
)
 
$
(51
)
Amount Reclassified from Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive (Loss) Income Component
 
Nine Months Ended September 30, 2018
 
Affected Line Item in the Condensed Consolidated Statement of Operations
 
 
 
 
 
Foreign currency translation
 
$
2

 
Net gain on sale of business and investments (1)
Interest rate swap
 
27

 
Net gain on sale of business and investments (1)
 
 
29

 
Total before tax
 
 
—

 
Tax benefit
Total reclassifications
 
$
29

 
Net of tax
(1) Reclassification from AOCI to Net gain on sale of business and investments, related to the loss of a controlling interest in Dublin EfW, which required the entity to be deconsolidated from our financial statements in February 2018. For additional information see Item 1. Financial Statements, Note 3. New Business and Asset Management- Green Investment Group Limited Joint Venture.