Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021, 2020 and 2019:

	December 31, 2021		December 31, 2020		December 31, 2019

Cost of sales		34		25		22
R&D		70		51		46
SG&A		117		79		77
Total pre-payroll tax and social contribution compensation		221		155		145

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, 2021, 2020 and 2019:

	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, 2018		(39	)		(2	)		(179	)		681			461
Cumulative tax impact		4			—			44			—			48
December 31, 2018, net of tax		(35	)		(2	)		(135	)		681			509
OCI before reclassifications		(43	)		3			(58	)		(35	)		(133	)
Amounts reclassified from AOCI		79			—			14			—			93
OCI for the year ended December 31, 2019		36			3			(44	)		(35	)		(40	)
Cumulative tax impact		(4	)		—			10			—			6
OCI for the year ended December 31, 2019, net of tax		32			3			(34	)		(35	)		(34	)
December 31, 2019		(3	)		1			(223	)		646			421
Cumulative tax impact		—			—			54			—			54
December 31, 2019, net of tax		(3	)		1			(169	)		646			475
OCI before reclassifications		64			—			(22	)		203			245
Amounts reclassified from AOCI		—			—			14			—			14
OCI for the year ended December 31, 2020		64			—			(8	)		203			259
Cumulative tax impact		(8	)		—			(3	)		—			(11	)
OCI for the year ended December 31, 2020, net of tax		56			—			(11	)		203			248
December 31, 2020		61			1			(231	)		849			680
Cumulative tax impact		(8	)		—			51			—			43
December 31, 2020, net of tax		53			1			(180	)		849			723
OCI before reclassifications		(90	)		(1	)		56			(189	)		(224	)
Amounts reclassified from AOCI		(19	)		—			13			—			(6	)
OCI for the year ended December 31, 2021		(109	)		(1	)		69			(189	)		(230	)
Cumulative tax impact		14			—			(11	)		—			3
OCI for the year ended December 31, 2021, net of tax		(95	)		(1	)		58			(189	)		(227	)
December 31, 2021		(48	)		—			(162	)		660			450
Cumulative tax impact		6			—			40			—			46
December 31, 2021, net of tax		(42	)		—			(122	)		660			496

Schedule of Items Reclassified Out of Accumulated Other Comprehensive Income

Items reclassified out of Accumulated Other Comprehensive Income for the years ended December 31, 2021, 2020 and 2019 are listed in the table below:

Details about AOCI components	Amounts reclassified from AOCI in the year ended December 31, 2021			Amounts reclassified from AOCI in the year ended December 31, 2020			Amounts reclassified from AOCI in the year ended December 31, 2019			Affected line item in the statement where net income (loss) is presented
Gains (Losses) on Cash Flow Hedges
Foreign exchange derivative contracts		15			(3	)		(51	)	Cost of sales
Foreign exchange derivative contracts		1			1			(6	)	Selling, general and administrative
Foreign exchange derivative contracts		3			2			(22	)	Research and development
		(3	)		—			10		Income tax benefit (expense)
		16			—			(69	)	Net of tax
Defined Benefit Pension Plan Items
Amortization of actuarial gains (losses)		(12	)		(13	)		(13	)	Other components of pension benefit costs
Amortization of prior service cost		(1	)		(1	)		(1	)	Other components of pension benefit costs
		2			3			3		Income tax benefit (expense)
		(11	)		(11	)		(11	)	Net of tax
Total reclassifications for the year		5			(11	)		(80	)
Attributable to noncontrolling interest		—			—			—
Attributable to the parent company stockholders		5			(11	)		(80	)

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		Options waived at grant
2011		172,500		(30,000	)
2012		180,000		(22,500	)
Since 2013	No options granted

Summary of Nonvested Share Activity

A summary of the options’ activity by plan for the years ended December 31, 2021 and December 31, 2020 is presented below:

Year of grant

Outstanding

as of

December 31, 2019

Exercised

Expired / Cancelled

Outstanding

as of

December 31, 2020

Exercised

Expired / Cancelled

Outstanding

as of

December 31, 2021

2011

45,000

(37,500

)

—

7,500

(7,500

)

—

2012

65,000

(15,000

)

—

50,000

(30,000

)

—

20,000

Employees [Member]

Summary of Grants Under Outstanding Stock Award Plans

The table below summarizes grants under the outstanding stock award plans in 2021, 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 24, 2018	2018 Employee Plan		7,552,410		—		—
December 20, 2018	2018 Employee Plan		443,200		—		—
May 23, 2019	2019 CEO Special Bonus		34,960		—		—
July 24, 2019	2019 Employee Plan		7,752,940		—		(1,161,966	)
December 26, 2019	2019 Employee Plan		246,750		—		(17,013	)
June 17, 2020	2020 CEO Special Bonus		16,000		—		—
July 23, 2020	2020 Employee Plan		7,437,580		—		—
December 24, 2020	2020 Employee Plan		562,350		—		—
July 28, 2021	2021 Employee Plan		6,327,205		—	(*)
December 21, 2021	2021 Employee Plan		213,270		—	(*)

(*)

As at December 31, 2021, a final determination by the Compensation Committee of the Supervisory Board of the achievement of the performance conditions had not been made yet.

Summary of Nonvested Share Activity

A summary of the unvested share activity by plan for the year ended December 31, 2021 is presented below:

Unvested Shares	Unvested as at December 31, 2020		Granted		Forfeited / waived			Vested			Unvested as at December 31, 2021
2018 Employee Plan		2,718,685		—		(8,235	)		(2,710,450	)		—
2019 CEO Special Bonus		23,306		—		—			(11,654	)		11,652
2019 Employee Plan		4,575,120		—		(46,062	)		(2,172,659	)		2,356,399
2020 CEO Special Bonus		—		16,000		—			(5,333	)		10,667
2020 Employee Plan		7,970,945		—		(97,860	)		(2,547,419	)		5,325,666
2021 Employee Plan		—		6,540,475		(41,870	)		(1,100	)		6,497,505
Total		15,288,056		6,556,475		(194,027	)		(7,448,615	)		14,201,889