PHINIA INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
PHIN$70.33+2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Equity
| Number of Shares · PHINIA Inc. Stockholders’ Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (in millions, except share data) | Issued common stock | Common stock held in treasury | Issued common stock | Additional paid-in-capital | Treasury stock | Retained earnings | Former Parent investment | Accumulated other comprehensive income (loss) | Non-controlling interests | Total Equity |
| Balance, January 1, 2022 | — | — | $— | $— | $— | $— | $1,647 | $62 | $3 | $1,712 |
| Net transfers from Former Parent | — | — | — | — | — | — | (178) | — | — | (178) |
| Purchase of noncontrolling interest | — | — | — | — | — | — | — | — | (3) | (3) |
| Net earnings | — | — | — | — | — | — | 262 | — | — | 262 |
| Other comprehensive income | — | — | — | — | — | — | — | (150) | — | (150) |
| Balance, December 31, 2022 | — | — | $— | $— | $— | $— | $1,731 | $(88) | $— | $1,643 |
| Dividends declared ($0.50 per share) | — | — | — | — | — | (23) | — | — | — | (23) |
| Net transfers from Former Parent | — | — | — | — | — | — | 220 | — | — | 220 |
| Spin-Off related adjustments | — | — | — | 8 | — | — | — | — | — | 8 |
| Reclassification of Former Parent's net investment and issuance of ordinary shares in connection with Spin-Off | 47,013,661 | — | 1 | 2,020 | — | — | (2,021) | — | — | — |
| Share-based compensation expense | — | — | — | 6 | — | — | — | — | — | 6 |
| Purchase of treasury stock | — | (903,920) | — | — | (24) | — | — | — | — | (24) |
| Net issuance of executive stock plan | — | 54,795 | — | (3) | 1 | — | — | — | — | (2) |
| Net earnings | — | — | — | — | — | 32 | 70 | — | — | 102 |
| Other comprehensive loss | — | — | — | — | — | — | — | (43) | — | (43) |
| Balance, December 31, 2023 | 47,013,661 | (849,125) | $1 | $2,031 | $(23) | $9 | $— | $(131) | $— | $1,887 |
| Dividends declared ($1.00 per share) | — | — | — | — | — | (44) | — | — | — | (44) |
| Spin-Off related adjustments | — | — | — | (59) | — | — | — | — | — | (59) |
| Share-based compensation expense | — | — | — | 14 | — | — | — | — | — | 14 |
| Purchase of treasury stock | — | (4,806,413) | — | — | (212) | — | — | — | — | (212) |
| Excise tax on purchase of treasury stock | — | — | — | — | (2) | — | — | — | — | (2) |
| Net issuance of executive stock plan | — | 285,760 | — | (10) | 7 | — | — | — | — | (3) |
| Net earnings | — | — | — | — | — | 79 | — | — | — | 79 |
| Other comprehensive loss | — | — | — | — | — | — | — | (86) | — | (86) |
| Balance, December 31, 2024 | 47,013,661 | (5,369,778) | $1 | $1,976 | $(230) | $44 | $— | $(217) | $— | $1,574 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.