XML 45 R35.htm IDEA: XBRL DOCUMENT
v3.21.2

Stockholders' Equity (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Equity [Abstract] |
Components Of Other Comprehensive Income | The components of other comprehensive income (loss) were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Net income (loss) | $ | 398 |  |  | $ | (481) |  |  | $ | 228 |  |  | $ | (639) |
Other comprehensive income (loss): |  |  |  |  |  |  |
| Currency translation adjustments (net of tax of $3, $4, $(9) and $0, respectively) | 15 |  |  | 39 |  |  | 1 |  |  | (44) |
| Net unrealized gain (loss) on cash flow hedges (net of tax of $(10), $3, $(7) and $9, respectively) | (14) |  |  | (8) |  |  | 21 |  |  | (26) |
| Minimum pension liability adjustment (net of tax of $0, $0, $0 and $0, respectively) | 1 |  |  | 2 |  |  | 4 |  |  | 4 |
|  | 2 |  |  | 33 |  |  | 26 |  |  | (66) |
Comprehensive income (loss) | $ | 400 |  |  | $ | (448) |  |  | $ | 254 |  |  | $ | (705) |
Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries.
Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) were as follows:
|  | Currency Translation Adjustments (a) |  | Net Unrealized Gains (Losses) on Cash Flow Hedges(b) |  | Minimum Pension Liability Adjustment(c) |  | Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2021 | $ | 40 |  |  | $ | (51) |  |  | $ | (176) |  |  | $ | (187) |
| Other comprehensive income (loss) before reclassifications | (10) |  |  | 14 |  |  | 1 |  |  | 5 |
| Amounts reclassified from accumulated other comprehensive income (loss) | 11 |  |  | 7 |  |  | 3 |  |  | 21 |
Net current-period other comprehensive income (loss) | 1 |  |  | 21 |  |  | 4 |  |  | 26 |
Balance, June 30, 2021 | $ | 41 |  |  | $ | (30) |  |  | $ | (172) |  |  | $ | (161) |
Balance, January 1, 2020 | $ | 9 |  |  | $ | (20) |  |  | $ | (146) |  |  | $ | (157) |
| Other comprehensive income (loss) before reclassifications | (44) |  |  | (28) |  |  | 1 |  |  | (71) |
| Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 2 |  |  | 3 |  |  | 5 |
Net current-period other comprehensive income (loss) | (44) |  |  | (26) |  |  | 4 |  |  | (66) |
Balance, June 30, 2020 | $ | (35) |  |  | $ | (46) |  |  | $ | (142) |  |  | $ | (223) |
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 $37 million gain, net of tax, as of June 30, 2021 related to the Company’s hedge of its investment in euro-denominated foreign operations (see Note 15–Financial Instruments). (a)For the six months ended June 30, 2021, the amount was reclassified from accumulated other comprehensive income (loss) into restructuring and other related charges. (b)For the three and six months ended June 30, 2021, the amount reclassified from accumulated other comprehensive income (loss) into corporate interest expense was $4 million ($3 million, net of tax) and $8 million ($6 million, net of tax), respectively. For the three and six months ended June 30, 2021, the amount reclassified from accumulated other comprehensive income (loss) into vehicle interest expense was $1 million ($1 million net of tax) and $2 million ($1 million, net of tax), respectively. For the three and six months ended June 30, 2020, the amount reclassified from accumulated other comprehensive income (loss) into corporate interest expense and vehicle interest expense was $2 million ($1 million net of tax) and $1 million ($1 million, net of tax), respectively, in each period. (c)For the three and six months ended June 30, 2021, amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $2 million ($1 million, net of tax) and $5 million ($3 million, net of tax), respectively. For the three and six months ended June 30, 2020, the amount reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses was $2 million ($2 million net of tax) and $4 million ($3 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 Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124509347&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration