XML 89 R20.htm IDEA: XBRL DOCUMENT
v3.20.1

Stockholders' Equity | 3 Months Ended
--- | ---
Mar. 31, 2020
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity Share Repurchases The Company’s Board of Directors has authorized the repurchase of up to $1.8 billion of its common stock under a plan originally approved in 2013 and subsequently expanded, most recently in August 2019. During the three months ended March 31, 2020, the Company repurchased approximately 5.0 million shares of common stock at a cost of approximately $113 million at an average price of $22.49 under the program. As of March 31, 2020, approximately $76 million of authorization remains available to repurchase common stock under this plan. Share Issuances On February 10, 2020, the Company announced it had appointed a new Chairman of the Board of Directors and in connection with this appointment, the new Chairman purchased an aggregate $15 million of unregistered shares of the Company’s common stock at a price per share equal to the closing price of the Company’s common stock on February 7, 2020. Total Comprehensive Income (Loss) Comprehensive income (loss) consists of net income (loss) and other gains and losses affecting stockholders’ equity that, under GAAP, are excluded from net income (loss). The components of other comprehensive income (loss) were as follows:
|  | Three Months Ended March 31,
|  | 2020 |  | 2019
Net loss | $ | (158 | ) |  | $ | (91 | )
Other comprehensive income (loss): |  |  |
| Currency translation adjustments (net of tax of $(4), and $(6) respectively) | (83 | ) |  | 1 |
| Net unrealized gain (loss) on cash flow hedges (net of tax of $6 and $3 respectively) | (18 | ) |  | (8 | )
| Minimum pension liability adjustment (net of tax of $0 and $0, respectively) | 2 |  |  | 2 |
|  | (99 | ) |  | (5 | )
Comprehensive loss | $ | (257 | ) |  | $ | (96 | )
__________ Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries. Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) were as follows:
|  | Currency Translation Adjustments |  | Net Unrealized Gains (Losses) on Cash Flow Hedges(a) |  | Minimum Pension Liability Adjustment(b) |  | Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2020 | $ | 9 |  |  | $ | (20 | ) |  | $ | (146 | ) |  | $ | (157 | )
| Other comprehensive income (loss) before reclassifications | (83 | ) |  | (18 | ) |  | 1 |  |  | (100 | )
| Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | — |  |  | 1 |  |  | 1 |
Net current-period other comprehensive income (loss) | (83 | ) |  | (18 | ) |  | 2 |  |  | (99 | )
Balance, March 31, 2020 | $ | (74 | ) |  | $ | (38 | ) |  | $ | (144 | ) |  | $ | (256 | )
Balance, December 31, 2018 | $ | (3 | ) |  | $ | 2 |  |  | $ | (132 | ) |  | $ | (133 | )
| Cumulative effect of accounting change | — |  |  | 1 |  |  | — |  |  | 1 |
Balance, January 1, 2019 | $ | (3 | ) |  | $ | 3 |  |  | $ | (132 | ) |  | $ | (132 | )
| Other comprehensive income (loss) before reclassifications | 1 |  |  | (7 | ) |  | 1 |  |  | (5 | )
| Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | (1 | ) |  | 1 |  |  | — |
Net current-period other comprehensive income (loss) | 1 |  |  | (8 | ) |  | 2 |  |  | (5 | )
Balance, March 31, 2019 | $ | (2 | ) |  | $ | (5 | ) |  | $ | (130 | ) |  | $ | (137 | )
__________ All components of accumulated other comprehensive income (loss) are net of tax, except currency translation adjustments, which exclude income taxes related to indefinite investments in foreign subsidiaries and include a $92 million gain, net of tax, as of March 31, 2020 related to the Company’s hedge of its net investment in euro-denominated foreign operations (see Note 16–Financial Instruments).
(a) | For the three months ended March 31,2019, the amount reclassified from accumulated other comprehensive income (loss) into corporate interest expense was $2 million ($1 million, net of tax).
(b) For the three months ended March 31, 2020 and March 31, 2019, amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $2 million ($1 million, net of tax) and $2 million ($1 million, net of tax), respectively.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration