Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022, 2021 and 2020:

	December 31, 2022		December 31, 2021		December 31, 2020

Cost of sales		34		34		25
R&D		69		70		51
SG&A		112		117		79
Total pre-payroll tax and social contribution compensation		215		221		155

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, 2022, 2021 and 2020:

	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, 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
OCI before reclassifications		(126	)		(16	)		80			(149	)		(211	)
Amounts reclassified from AOCI		197			—			4			—			201
OCI for the year ended December 31, 2022		71			(16	)		84			(149	)		(10	)
Cumulative tax impact		(9	)		2			(19	)		—			(26	)
OCI for the year ended December 31, 2022, net of tax		62			(14	)		65			(149	)		(36	)
December 31, 2022		23			(16	)		(78	)		511			440
Cumulative tax impact		(3	)		2			21			—			20
December 31, 2022, net of tax		20			(14	)		(57	)		511			460

Schedule of Items Reclassified Out of Accumulated Other Comprehensive Income

Items reclassified out of Accumulated Other Comprehensive Income for the years ended December 31, 2022, 2021, 2020 are listed in the table below:

Details about AOCI components	Amounts reclassified from AOCI in the year ended December 31, 2022			Amounts reclassified from AOCI in the year ended December 31, 2021			Amounts reclassified from AOCI in the year ended December 31, 2020			Affected line item in the statement where net income (loss) is presented
Gains (Losses) on Cash Flow Hedges
Foreign exchange derivative contracts		(129	)		15			(3	)	Cost of sales
Foreign exchange derivative contracts		(15	)		1			1		Selling, general and administrative
Foreign exchange derivative contracts		(53	)		3			2		Research and development
		27			(3	)		—		Income tax benefit (expense)
		(170	)		16			—		Net of tax
Defined Benefit Pension Plan Items
Amortization of actuarial gains (losses)		(3	)		(12	)		(13	)	Other components of pension benefit costs
Amortization of prior service cost		(1	)		(1	)		(1	)	Other components of pension benefit costs
		1			2			3		Income tax benefit (expense)
		(3	)		(11	)		(11	)	Net of tax
Total reclassifications for the year		(173	)		5			(11	)
Attributable to noncontrolling interest		—			—			—
Attributable to the parent company stockholders		(173	)		5			(11	)

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, 2022 and December 31, 2021 is presented below:

Year of grant

Outstanding

as of

December 31, 2020

Exercised

Expired / Cancelled

Outstanding

as of

December 31, 2021

Exercised

Expired / Cancelled

Outstanding

as of

December 31, 2022

2011

7,500

(7,500

)

—

2012

50,000

(30,000

)

—

20,000

(5,000

)

(15,000

)

—

Employees [Member]

Summary of Grants Under Outstanding Stock Award Plans

The table below summarizes grants under the outstanding stock award plans in 2022, 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
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		—		(920,263	)
December 21, 2021	2021 Employee Plan		213,270		—		(60,483	)
July 27, 2022	2022 Employee Plan		6,243,670		—	(*)
December 22, 2022	2022 Employee Plan		287,675		—	(*)

(*)

As of the date of issuance of these consolidated financial statements, a final decision by the Compensation Committee of the Supervisory Board on 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, 2022 is presented below:

Unvested Shares	Unvested as at December 31, 2021		Granted		Forfeited / waived			Cancelled on failed vesting conditions			Vested			Unvested as at December 31, 2022
2019 CEO Special Bonus		11,652		—		—			—			(11,652	)		—
2019 Employee Plan		2,356,399		—		(10,988	)		—			(2,345,411	)		—
2020 CEO Special Bonus		10,667		—		—			—			(5,333	)		5,334
2020 Employee Plan		5,325,666		—		(52,350	)		—			(2,492,520	)		2,780,796
2021 Employee Plan		6,497,505		—		(65,958	)		(980,746	)		(1,751,287	)		3,699,514
2022 Employee Plan		—		6,531,345		(34,820	)		—			—			6,496,525
Total		14,201,889		6,531,345		(164,116	)		(980,746	)		(6,606,203	)		12,982,169