Condensed Consolidated Statements of Equity - USD ($) $ in Millions | Total | Mezzanine Equity - Redeemable Noncontrolling | Common Stock | Treasury Stock | Additional Paid-in Capital | Accumulated Deficit | Accumulated Other Comprehensive (Loss) Income | Equity Attributable to Common Stock | Equity Attributable to Noncontrolling Interests |
Beginning balance at Dec. 31, 2019 | | $ (296) | | | $ 0 | | $ 5,004 | $ (5,370) | $ (23) | $ (389) | $ 93 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | | | | | | |
Net (loss) income | [1] | (2,084) | | | | | | (2,096) | | (2,096) | 12 |
Distributions to noncontrolling interest holders | | (37) | | | | | | | | | (37) |
Share-based compensation | | 6 | | | | | 6 | | | 6 | |
Modification of noncontrolling interest | | 138 | | | | | 138 | | | 138 | |
Ending balance at Sep. 30, 2020 | | (2,273) | | | 0 | | 5,148 | (7,466) | (23) | (2,341) | 68 |
Beginning balance at Dec. 31, 2019 | [2] | | $ 802 | | | | | | | | |
Increase (Decrease) in Temporary Equity [Roll Forward] | | | | | | | | | | | |
Net (loss) income | | 85 | 85 | [1],[2] | | | | | | | |
Contributions from noncontrolling interest holders | [2] | | 1 | | | | | | | | |
Distributions to noncontrolling interest holders | [2] | | (58) | | | | | | | | |
Modification of noncontrolling interest | [2] | | (138) | | | | | | | | |
Ending balance at Sep. 30, 2020 | [2] | | 692 | | | | | | | | |
Beginning balance at Jun. 30, 2020 | | (2,376) | | | 0 | | 5,008 | (7,437) | (23) | (2,452) | 76 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | | | | | | |
Net (loss) income | [1] | (32) | | | | | | (29) | | (29) | (3) |
Distributions to noncontrolling interest holders | | (5) | | | | | | | | | (5) |
Share-based compensation | | 2 | | | | | 2 | | | 2 | |
Modification of noncontrolling interest | | 138 | | | | | 138 | | | 138 | |
Ending balance at Sep. 30, 2020 | | (2,273) | | | 0 | | 5,148 | (7,466) | (23) | (2,341) | 68 |
Beginning balance at Jun. 30, 2020 | [2] | | 828 | | | | | | | | |
Increase (Decrease) in Temporary Equity [Roll Forward] | | | | | | | | | | | |
Net (loss) income | | 25 | 25 | [1],[2] | | | | | | | |
Distributions to noncontrolling interest holders | [2] | | (22) | | | | | | | | |
Modification of noncontrolling interest | [2] | | (138) | | | | | | | | |
Shares cancelled for taxes and other | [2] | | (1) | | | | | | | | |
Ending balance at Sep. 30, 2020 | [2] | | $ 692 | | | | | | | | |
Beginning balance at Dec. 31, 2020 | | 1,182 | | | 1 | $ 0 | 1,268 | (123) | (8) | 1,138 | 44 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | | | | | | |
Net (loss) income | | (89) | | | | | | (102) | | (102) | 13 |
Distributions to noncontrolling interest holders | | (50) | | | | | | | | | (50) |
Redemption of noncontrolling interest | | 0 | | | | | 7 | | | 7 | (7) |
Share-based compensation | | 10 | | | | | 10 | | | 10 | |
Repurchases of common stock | | (84) | | | | (84) | | | | (84) | |
Issuance of common stock | | 2 | | | | | 2 | | | 2 | |
Other | | (1) | | | | | (1) | | | (1) | |
Other comprehensive income | | 82 | | | | | | | 82 | 82 | |
Ending balance at Sep. 30, 2021 | | 1,052 | | | 1 | (84) | 1,286 | (225) | 74 | 1,052 | 0 |
Increase (Decrease) in Temporary Equity [Roll Forward] | | | | | | | | | | | |
Net (loss) income | | 0 | | | | | | | | | |
Beginning balance at Jun. 30, 2021 | | 915 | | | 1 | (45) | 1,273 | (328) | (8) | 893 | 22 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | | | | | | | | | | | |
Net (loss) income | | 107 | | | | | | 103 | | 103 | 4 |
Distributions to noncontrolling interest holders | | (19) | | | | | | | | | (19) |
Redemption of noncontrolling interest | | 0 | | | | | 7 | | | 7 | (7) |
Share-based compensation | | 4 | | | | | 4 | | | 4 | |
Repurchases of common stock | | (39) | | | | (39) | | | | (39) | |
Issuance of common stock | | 2 | | | | | 2 | | | 2 | |
Other comprehensive income | | 82 | | | | | | | 82 | 82 | |
Ending balance at Sep. 30, 2021 | | 1,052 | | | $ 1 | $ (84) | $ 1,286 | $ (225) | $ 74 | $ 1,052 | $ 0 |
Increase (Decrease) in Temporary Equity [Roll Forward] | | | | | | | | | | | |
Net (loss) income | | $ 0 | | | | | | | | | |
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[1] | For the three months ended September 30, 2020, we allocated $22 million of net income to noncontrolling interest holders, of which a $3 million net loss was included in stockholders' equity and $25 million was included in mezzanine equity on our condensed consolidated balance sheet. The remaining net loss of $29 million for the three months ended September 30, 2020 was attributed to holders of our common stock and included in stockholders' equity on our condensed consolidated balance sheet. For the nine months ended September 30, 2020, we allocated $97 million of net income to noncontrolling interest holders, of which $12 million was included in stockholders' equity and $85 million was included in mezzanine equity on our condensed consolidated balance sheet. The remaining net loss of $2,096 million for the nine months ended September 30, 2020 was attributed to holders of our common stock and included in stockholders' equity on our condensed consolidated balance sheet. | |
[2] | Redeemable noncontrolling interests are reported in mezzanine equity on our condensed consolidated balance sheets in Predecessor periods. See Part II, Item 8 – Financial Statements and Supplementary Data, Note 7 Joint Ventures in our 2020 Annual Report for more information about our noncontrolling interests in the Ares and Elk Hills Carbon joint ventures. | |