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Accumulated Other Comprehensive Loss and Shareholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
Accumulated Other Comprehensive Loss Activity | The following tables detail the accumulated other comprehensive loss activity for the 2022 first three quarters and 2021 first three quarters:
($ in millions) | Foreign Currency Translation Adjustments |  | Other Adjustments |  |  |  | Accumulated Other Comprehensive Loss
Balance at year-end 2021 | $ | (351) |  |  | $ | 9 |  |  |  |  | $ | (342) |
Other comprehensive (loss) income before reclassifications (1) | (653) |  |  | 9 |  |  |  |  | (644) |
Reclassification adjustments | — |  |  | (4) |  |  |  |  | (4) |
Net other comprehensive (loss) income | (653) |  |  | 5 |  |  |  |  | (648) |
Balance at September 30, 2022 | $ | (1,004) |  |  | $ | 14 |  |  |  |  | $ | (990) |
($ in millions) | Foreign Currency Translation Adjustments |  | Other Adjustments |  |  |  |  |  | Accumulated Other Comprehensive Loss
Balance at year-end 2020 | $ | (139) |  |  | $ | 4 |  |  |  |  |  |  | $ | (135) |
Other comprehensive loss before reclassifications (1) | (197) |  |  | — |  |  |  |  |  |  | (197) |
Reclassification adjustments | — |  |  | — |  |  |  |  |  |  | — |
Net other comprehensive loss | (197) |  |  | — |  |  |  |  |  |  | (197) |
Balance at September 30, 2021 | $ | (336) |  |  | $ | 4 |  |  |  |  |  |  | $ | (332) |
(1)Other comprehensive (loss) income before reclassifications for foreign currency translation adjustments includes intra-entity foreign currency transactions that are of a long-term investment nature, which resulted in gains of $76 million for the 2022 first three quarters and $30 million for the 2021 first three quarters.
Changes in Shareholders' Equity | The following tables detail the changes in common shares outstanding and stockholders’ equity for the 2022 first three quarters and 2021 first three quarters:
(in millions, except per share amounts) |  |
Common Shares Outstanding |  |  | Total |  | Class A Common Stock |  | Additional Paid-in-Capital |  | Retained Earnings |  | Treasury Stock, at Cost |  | Accumulated Other Comprehensive Loss
326.3 |  |  | Balance at year-end 2021 | $ | 1,414 |  |  | $ | 5 |  |  | $ | 5,892 |  |  | $ | 10,305 |  |  | $ | (14,446) |  |  | $ | (342) |
— |  |  | Net income | 377 |  |  | — |  |  | — |  |  | 377 |  |  | — |  |  | — |
— |  |  | Other comprehensive income | 14 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14 |
1.0 |  |  | Stock-based compensation plans | (33) |  |  | — |  |  | (61) |  |  | — |  |  | 28 |  |  | — |
327.3 |  |  | Balance at March 31, 2022 | $ | 1,772 |  |  | $ | 5 |  |  | $ | 5,831 |  |  | $ | 10,682 |  |  | $ | (14,418) |  |  | $ | (328) |
— |  |  | Net income | 678 |  |  | — |  |  | — |  |  | 678 |  |  | — |  |  | — |
— |  |  | Other comprehensive loss | (323) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (323) |
— |  |  | Dividends ($0.30 per share) | (98) |  |  | — |  |  | — |  |  | (98) |  |  | — |  |  | — |
— |  |  | Stock-based compensation plans | 43 |  |  | — |  |  | 41 |  |  | — |  |  | 2 |  |  | — |
(1.9) |  |  | Purchase of treasury stock | (300) |  |  | — |  |  | — |  |  | — |  |  | (300) |  |  | — |
325.4 |  |  | Balance at June 30, 2022 | $ | 1,772 |  |  | $ | 5 |  |  | $ | 5,872 |  |  | $ | 11,262 |  |  | $ | (14,716) |  |  | $ | (651) |
— |  |  | Net income | 630 |  |  | — |  |  | — |  |  | 630 |  |  | — |  |  | — |
— |  |  | Other comprehensive loss | (339) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (339) |
— |  |  | Dividends ($0.30 per share) | (97) |  |  | — |  |  | — |  |  | (97) |  |  | — |  |  | — |
0.1 |  |  | Stock-based compensation plans | 47 |  |  | — |  |  | 47 |  |  | — |  |  | — |  |  | — |
(6.2) |  |  | Purchase of treasury stock | (950) |  |  | — |  |  | — |  |  | — |  |  | (950) |  |  | — |
319.3 |  |  | Balance at September 30, 2022 | $ | 1,063 |  |  | $ | 5 |  |  | $ | 5,919 |  |  | $ | 11,795 |  |  | $ | (15,666) |  |  | $ | (990) |
Common Shares Outstanding |  |  | Total |  | Class A Common Stock |  | Additional Paid-in-Capital |  | Retained Earnings |  | Treasury Stock, at Cost |  | Accumulated Other Comprehensive Loss
324.4 |  |  | Balance at year-end 2020 | $ | 430 |  |  | $ | 5 |  |  | $ | 5,851 |  |  | $ | 9,206 |  |  | $ | (14,497) |  |  | $ | (135) |
— |  |  | Net loss | (11) |  |  | — |  |  | — |  |  | (11) |  |  | — |  |  | — |
— |  |  | Other comprehensive loss | (155) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (155) |
1.2 |  |  | Stock-based compensation plans | (30) |  |  | — |  |  | (64) |  |  | — |  |  | 34 |  |  | — |
325.6 |  |  | Balance at March 31, 2021 | $ | 234 |  |  | $ | 5 |  |  | $ | 5,787 |  |  | $ | 9,195 |  |  | $ | (14,463) |  |  | $ | (290) |
— |  |  | Net income | 422 |  |  | — |  |  | — |  |  | 422 |  |  | — |  |  | — |
— |  |  | Other comprehensive income | 96 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 96 |
— |  |  | Stock-based compensation plans | 44 |  |  | — |  |  | 43 |  |  | 1 |  |  | — |  |  | — |
325.6 |  |  | Balance at June 30, 2021 | $ | 796 |  |  | $ | 5 |  |  | $ | 5,830 |  |  | $ | 9,618 |  |  | $ | (14,463) |  |  | $ | (194) |
— |  |  | Net income | 220 |  |  | — |  |  | — |  |  | 220 |  |  | — |  |  | — |
— |  |  | Other comprehensive loss | (138) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (138) |
0.1 |  |  | Stock-based compensation plans | 40 |  |  | — |  |  | 39 |  |  | — |  |  | 1 |  |  | — |
325.7 |  |  | Balance at September 30, 2021 | $ | 918 |  |  | $ | 5 |  |  | $ | 5,869 |  |  | $ | 9,838 |  |  | $ | (14,462) |  |  | $ | (332) |

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