Redeemable Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Redeemable Noncontrolling Interest

The following table sets forth the details of the Company’s redeemable non-controlling interests:


(DOLLARS IN MILLIONS)	Redeemable Non-controlling Interests
Balance at December 31, 2020	$	98

Impact of foreign exchange translation	1
Share of profit or loss attributable to redeemable non-controlling interests	6
Redemption value adjustment for the current period	2


Dividends paid	(2)

Balance at December 31, 2021	$	105

Impact of foreign exchange translation	(6)
Share of profit or loss attributable to redeemable non-controlling interests	4
Redemption value adjustment for the current period	5



Exercises of redeemable non-controlling interests	(49)
Balance at December 31, 2022	$	59

Impact of foreign exchange translation	(8)

Redemption value adjustment for the current period	(2)

Dividends paid	(13)
Exercises of redeemable non-controlling interests	(25)
Disposal of redeemable non-controlling interests(1)	(11)
Balance at December 31, 2023	$	—

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(1)The disposal of redeemable non-controlling interests was related to the sale of the Company’s investment in the Sonarome business. The total proceeds received from the sale transaction was approximately $29 million.