XML 40 R23.htm IDEA: XBRL DOCUMENT v3.22.0.1
Shareholders' Equity
12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders’ Deficit
Under the authority of our Board of Directors, we repurchased shares of our Common Stock during 2021, 2020 and 2019.  All amounts exclude applicable transaction fees.  
 
 Shares Repurchased
(thousands)
Dollar Value of Shares
Repurchased
Authorization Date202120202019202120202019
May 20218,235 — — $1,050 $— $— 
November 20194,746 2,419 — 530 250 — 
August 2018— — 7,788 — — 810 
Total12,981 
(a)
2,419 
(a)
7,788 
(b)
$1,580 
(a)
$250 
(a)
$810 
(b)

(a)    2021 amount excludes and 2020 amount includes the effect of $11 million in share repurchases (0.1 million shares) with trade dates on, or prior to, December 31, 2020, but settlement dates subsequent to December 31, 2020.

(b)    2019 amount excludes the effect of $5 million in share repurchases (0.1 million shares) with trade dates on, or prior to, December 31, 2018, but settlement dates subsequent to December 31, 2018.
In May 2021, our Board of Directors authorized share repurchases from July 1, 2021 through December 31, 2022, of up to $2 billion (excluding applicable transaction fees) of our outstanding Common Stock. As of December 31, 2021, we have remaining capacity to repurchase up to $950 million of Common Stock under this authorization. Unutilized share repurchase capacity of $1.2 billion under a November 2019 authorization expired on June 30, 2021.

Changes in AOCI are presented below.
Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature
Pension and Post-Retirement Benefits(a)
Derivative Instruments(b)
Total
Balance at December 31, 2019, net of tax$(221)$(104)$(63)$(388)
OCI, net of tax
Gains (losses) arising during the year classified into AOCI, net of tax
39 (6)(75)(42)
(Gains) losses reclassified from AOCI, net of tax
— 14 19 
39 (70)(23)
Balance at December 31, 2020, net of tax$(182)$(96)$(133)$(411)
OCI, net of tax
Gains (losses) arising during the year classified into AOCI, net of tax(24)50 25 51 
(Gains) losses reclassified from AOCI, net of tax— 12 23 35 
(24)62 48 86 
Balance at December 31, 2021, net of tax$(206)$(34)$(85)$(325)

(a)    Amounts reclassified from AOCI for pension and post-retirement benefit plans losses during 2021 include amortization of net losses of $12 million, amortization of prior service cost of $5 million and related income tax benefit of $4 million. Amounts reclassified from AOCI for pension and post-retirement benefit plans losses during 2020 include amortization of net losses of $14 million, amortization of prior service cost of $4 million and related income tax benefit of $4 million. See Note 15.

(b)    See Note 13 for details on amounts reclassified from AOCI.