Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018, December 31, 2017 and December 31, 2016:


	December 31, 2018		December 31, 2017		December 31, 2016
Cost of sales		23		12		7
Selling, general and administrative		67		31		17
Research and development		35		18		14

Total pre-payroll tax and social contribution compensation		125		61		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, 2018, 2017 and 2016:


	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, 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

OCI before reclassifications		(83	)		(2	)		(24	)		(87	)		(196	)
Amounts reclassified from AOCI		(1	)		—			11			—			10
OCI for the year ended December 31, 2018		(84	)		(2	)		(13	)		(87	)		(186	)
Cumulative tax impact		4			—			3			—			7
OCI for the year ended December 31, 2018, net of tax		(80	)		(2	)		(10	)		(87	)		(179	)

December 31, 2018		(39	)		(2	)		(179	)		681			461

Cumulative tax impact		4			—			44			—			48

December 31, 2018, net of tax		(35	)		(2	)		(135	)		681			509

Schedule of Items Reclassified Out of Accumulated Other Comprehensive Income

Items reclassified out of Accumulated Other Comprehensive Income for the years ended December 31, 2018, 2017 and 2016 are listed in the table below:


Details about AOCI components	Amounts reclassified from AOCI in the year ended December 31, 2018			Amounts reclassified from AOCI in the year ended December 31, 2017			Amounts reclassified from AOCI in the year ended December 31, 2016			Affected line item in the statement where net income (loss) is presented
Gains (Losses) on Cash Flow Hedges
Foreign exchange derivative contracts		4			16			(7	)	Cost of sales
Foreign exchange derivative contracts		(1	)		3			—		Selling, general and administrative
Foreign exchange derivative contracts		(2	)		11			(2	)	Research and development
		—			—			—		Income tax benefit (expense)

		1			30			(9	)	Net of tax

Defined Benefit Pension Plan Items
Amortization of actuarial gains (losses)		(10	)		(10	)		(15	)	Other components of pension benefit costs
Amortization of prior service cost		(1	)		—			—		Other components of pension benefit costs
		2			2			4		Income tax benefit (expense)

		(9	)		(8	)		(11	)	Net of tax

Total reclassifications for the year		(8	)		22			(20	)

Attributable to noncontrolling interest		—			—			—

Attributable to the Company’s stockholders		(8	)		22			(20	)

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
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 to 2018		No options granted

Summary of Nonvested Share Activity

A summary of the options’ activity by plan for the years ended December 31, 2018 and December 31, 2017 is presented below:


Year of grant	Outstanding as of 31.12.2016		Exercised			Expired / Cancelled		Outstanding as of 31.12.2017		Exercised			Expired / Cancelled		Outstanding as of 31.12.2018
2007		7,500		(7,500	)		—		—		—			—		—
2008		24,000		(7,500	)		—		16,500		(16,500	)		—		—
2009		35,000		(12,500	)		—		22,500		(22,500	)		—		—
2010		45,000		(15,000	)		—		30,000		(7,500	)		—		22,500
2011		67,500		(15,000	)		—		52,500		—			—		52,500
2012		87,500		(22,500	)		—		65,000		—			—		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
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	)
June 20, 2017	2017 CEO Special Bonus		22,883		—		—
July 25, 2017	2017 Employee Plan		7,634,475		—		—
December 22, 2017	2017 Employee Plan		347,160		—		—
July 24, 2018	2018 Employee Plan		7,552,410		—		(	*)
December 20, 2018	2018 Employee Plan		443,200		—		(	*)

(*)	As at December 31, 2018, 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, 2018 is presented below:


Unvested Shares	Unvested as at December 31, 2017		Granted		Forfeited / waived			Cancelled on failed vesting conditions		Vested			Unvested as at December 31, 2018
2015 CEO Special Bonus		17,789		—		—			—		(17,789	)		—
2015 Employee Plan		1,630,784		—		(5,200	)		—		(1,625,584	)		—
2016 CEO Special Bonus		46,110		—		—			—		(46,110	)		—
2016 Employee Plan		3,512,846		—		(27,339	)		—		(1,681,367	)		1,804,140
2017 CEO Special Bonus		—		22,883		—			—		(22,883	)		—
2017 Employee Plan		7,947,510		—		(61,997	)		—		(2,616,538	)		5,268,975
2018 Employee Plan		—		7,995,610		(21,030	)		—		(1,000	)		7,973,580

Total		13,155,039		8,018,493		(115,566	)		—		(6,011,271	)		15,046,695