Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2017

Classification of Pre-Payroll Tax and Social Contribution Stock-Based Compensation Expense Included in Consolidated Statements of Income

The following table illustrates the classification of pre-payroll tax and social contribution stock-based compensation expense included in the consolidated statements of income for the years ended December 31, 2017, December 31, 2016 and December 31, 2015:


	December 31, 2017		December 31, 2016		December 31, 2015
Cost of sales		12		7		7
Selling, general and administrative		31		17		17
Research and development		18		14		14

Total pre-payroll tax and social contribution compensation		61		38		38

Changes in AOCI Attributable to Stockholders

The table below details the changes in AOCI attributable to the company’s stockholders by component, net of tax, for the years ended December 31, 2017, 2016 and 2015:


	Gains (Losses) on Cash Flow Hedges			Gains (Losses) on Available- For-Sale Securities			Defined Benefit Pension Plan Items			Foreign Currency Translation Adjustments (“CTA”)			Total
December 31, 2014		(76	)		2			(170	)		813			569

Cumulative tax impact		—			—			44			—			44

December 31, 2014, net of tax		(76	)		2			(126	)		813			613

OCI before reclassifications		(117	)		—			(2	)		(202	)		(321	)
Amounts reclassified from AOCI		170			—			12			(10	)		172
OCI for the year ended December 31, 2015		53			—			10			(212	)		(149	)
Cumulative tax impact		—			—			(4	)		—			(4	)
OCI for the year ended December 31, 2015, net of tax		53			—			6			(212	)		(153	)

December 31, 2015		(23	)		2			(160	)		601			420

Cumulative tax impact		—			—			40			—			40

December 31, 2015, net of tax		(23	)		2			(120	)		601			460

OCI before reclassifications		(33	)		—			(25	)		(57	)		(115	)
Amounts reclassified from AOCI		9			—			15			—			24
OCI for the year ended December 31, 2016		(24	)		—			(10	)		(57	)		(91	)
Cumulative tax impact		—			—			2			—			2
OCI for the year ended December 31, 2016, net of tax		(24	)		—			(8	)		(57	)		(89	)

December 31, 2016		(47	)		2			(170	)		544			329

Cumulative tax impact		—			—			42			—			42

December 31, 2016, net of tax		(47	)		2			(128	)		544			371

OCI before reclassifications		122			(2	)		(6	)		224			338
Amounts reclassified from AOCI		(30	)		—			10			—			(20	)
OCI for the year ended December 31, 2017		92			(2	)		4			224			318
Cumulative tax impact		—			—			(1	)		—			(1	)
OCI for the year ended December 31, 2017, net of tax		92			(2	)		3			224			317

December 31, 2017		45			—			(166	)		768			647

Cumulative tax impact		—			—			41			—			41

December 31, 2017, net of tax		45			—			(125	)		768			688

Schedule of Items Reclassified Out of Accumulated Other Comprehensive Income

Items reclassified out of Accumulated Other Comprehensive Income for the years ended December 31, 2017, 2016 and 2015 are listed in the table below:


Details about AOCI components	Amounts reclassified from AOCI in the year ended December 31, 2017			Amounts reclassified from AOCI in the year ended December 31, 2016			Amounts reclassified from AOCI in the year ended December 31, 2015			Affected line item in the statement where net income (loss) is presented
Gains (Losses) on Cash Flow Hedges
Foreign exchange derivative contracts		16			(7	)		(105	)	Cost of sales
Foreign exchange derivative contracts		3			—			(14	)	Selling, general and administrative
Foreign exchange derivative contracts		11			(2	)		(51	)	Research and development
		—			—			—		Income tax benefit (expense)

		30			(9	)		(170	)	Net of tax

Defined Benefit Pension Plan Items
Amortization of actuarial gains (losses)		(1	)		(1	)		—		Cost of sales
Amortization of actuarial gains (losses)		(4	)		(8	)		(5	)	Selling, general and administrative
Amortization of actuarial gains (losses)		(5	)		(6	)		(6	)	Research and development
Amortization of prior service cost		—			—			(1	)	Research and development
		2			4			4		Income tax benefit (expense)

		(8	)		(11	)		(8	)	Net of tax

Foreign currency translation adjustment
Realized gain on disposal of investments		—			—			10		Income (loss) on equity-method investments
		—			—			—		Income tax benefit (expense)

		—			—			10		Net of tax

Total reclassifications for the year		22			(20	)		(168	)

Attributable to noncontrolling interest		—			—			—

Attributable to the Company’s stockholders		22			(20	)		(168	)

Supervisory Board [Member]

Summary of Grants Under Outstanding Stock Award Plans

The table below summarizes grants under the outstanding stock award plans as authorized by the Compensation Committee:


Year of grant	Options granted and vested		Options waived at grant
2005		66,000		(15,000	)
2006		66,000		(15,000	)
2007		165,000		(22,500	)
2008		165,000		(22,500	)
2009		165,000		(7,500	)
2010		172,500		(7,500	)
2011		172,500		(30,000	)
2012		180,000		(22,500	)
2013		No options granted
2014		No options granted
2015		No options granted
2016		No options granted
2017		No options granted

Summary of Nonvested Share Activity

A summary of the options’ activity by plan for the years ended December 31, 2017 and December 31, 2016 is presented below:


Year of grant	Outstanding as of 31.12.2015		Exercised			Expired / Cancelled		Outstanding as of 31.12.2016		Exercised			Expired / Cancelled		Outstanding as of 31.12.2017
2006		3,000		(3,000	)		—		—		—			—		—
2007		19,500		(12,000	)		—		7,500		(7,500	)		—		—
2008		39,000		(15,000	)		—		24,000		(7,500	)		—		16,500
2009		45,000		(10,000	)		—		35,000		(12,500	)		—		22,500
2010		45,000		—			—		45,000		(15,000	)		—		30,000
2011		82,500		(15,000	)		—		67,500		(15,000	)		—		52,500
2012		95,000		(7,500	)		—		87,500		(22,500	)		—		65,000

Employees [Member]

Summary of Grants Under Outstanding Stock Award Plans

The table below summarizes grants under the outstanding stock award plans as authorized by the Compensation Committee:


Date of grant	Plan name	Number of shares granted		Number of shares waived		Number of shares lost on performance conditions
July 22, 2013	2013 CEO Special Bonus		63,848		—		—
July 22, 2014	2014 CEO Special Bonus		34,483		—		—
July 22, 2014	2014 Employee Plan		6,458,435		—		(1,939,222	)
December 18, 2014	2014 Employee Plan		500,775		—		(31,332	)
March 24, 2015	2015 CEO Special Bonus		53,369		—		—
July 27, 2015	2015 Employee Plan		6,591,200		—		(1,961,886	)
December 15, 2015	2015 Employee Plan		370,920		—		(29,078	)
April 26, 2016	2016 CEO Special Bonus		69,165		—		—
July 26, 2016	2016 Employee Plan		6,621,100		—		(1,628,376	)
December 19, 2016	2016 Employee Plan		376,800		—		(53,900	)
July 25, 2017	2017 Employee Plan		7,634,475		—		(	*)
December 22, 2017	2017 Employee Plan		347,160		—		(	*)

(*)	As at December 31, 2017, a final determination of the achievement of the performance conditions had not yet been made by the Compensation Committee of the Supervisory Board.

Summary of Nonvested Share Activity

A summary of the unvested share activity by plan for the year ended December 31, 2017 is presented below:


Unvested Shares	Unvested as at December 31, 2016		Granted		Forfeited / waived			Cancelled on failed vesting conditions			Vested			Unvested as at December 31, 2017
2013 CEO Special Bonus		7,095		—		—			—			(7,095	)		—
2014 CEO Special Bonus		11,495		—		—			—			(11,495	)		—
2014 Employee Plan		1,611,453		—		(7,253	)		—			(1,604,200	)		—
2015 CEO Special Bonus		35,579		—		—			—			(17,790	)		17,789
2015 Employee Plan		3,170,739		—		(24,694	)		—			(1,515,261	)		1,630,784
2016 CEO Special Bonus		—		69,165		—			—			(23,055	)		46,110
2016 Employee Plan		6,974,420		—		(62,179	)		(1,682,276	)		(1,717,119	)		3,512,846
2017 Employee Plan		—		7,981,635		(32,175	)		—			(1,950	)		7,947,510

Total		11,810,781		8,050,800		(126,301	)		(1,682,276	)		(4,897,965	)		13,155,039