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Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
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
The table below summarizes grants outstanding during the year 2023, 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
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 |  |  | — |  | — |
July 26, 2023 |  | 2023 Employee Plan |  | 5,154,115 |  |  | — |  | (*)
December 11, 2023 |  | 2023 Employee Plan |  | 295,020 |  |  | — |  | (*)
(*) 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 options’ activity by plan for the years ended December 31, 2023 and December 31, 2022 is presented below:
Year of grant |  | Outstanding as of December 31, 2021 |  | Exercised |  | Expired / Cancelled |  | Outstanding as of December 31, 2022 |  | Exercised |  | Expired / Cancelled |  | Outstanding as of December 31, 2023
2011 |  | — |  | — |  | — |  | — |  | — |  | — |  | —
2012 |  | 20,000 |  | (5,000) |  | (15,000) |  | — |  | — |  | — |  | —
A summary of the unvested share activity by plan for the year ended December 31, 2023 is presented below:
Unvested Shares |  | Unvested as at December 31, 2022 |  | Granted |  | Forfeited / waived |  | Cancelled on failed vesting conditions |  | Vested |  | Unvested as at December 31, 2023
2020 CEO Special Bonus |  | 5,334 |  | — |  | — |  | — |  | (5,334) |  | —
2020 Employee Plan |  | 2,780,796 |  | — |  | (11,851) |  | — |  | (2,768,945) |  | —
2021 Employee Plan |  | 3,699,514 |  | — |  | (32,571) |  | — |  | (1,716,700) |  | 1,950,243
2022 Employee Plan |  | 6,496,525 |  | — |  | (80,065) |  | — |  | (2,065,721) |  | 4,350,739
2023 Employee Plan |  | — |  | 5,449,135 |  | (28,730) |  | — |  | — |  | 5,420,405
Total |  | 12,982,169 |  | 5,449,135 |  | (153,217) |  | — |  | (6,556,700) |  | 11,721,387
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, 2023, 2022 and 2021:
|  | December 31, 2023 |  | December 31, 2022 |  | December 31, 2021
Cost of sales |  | 40 |  |  | 34 |  |  | 34 |
R&D |  | 71 |  |  | 69 |  |  | 70 |
SG&A |  | 125 |  |  | 112 |  |  | 117 |
Total pre-payroll tax and social contribution compensation |  | 236 |  |  | 215 |  |  | 221 |
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, 2023, 2022 and 2021:
|  | 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, 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 |
OCI before reclassifications |  | 38 |  |  | 6 |  |  | (24) |  |  | 133 |  |  | 153 |
Amounts reclassified from AOCI |  | (5) |  |  | — |  |  | 7 |  |  | — |  |  | 2 |
OCI for the year ended December 31, 2023 |  | 33 |  |  | 6 |  |  | (17) |  |  | 133 |  |  | 155 |
Cumulative tax impact |  | (5) |  |  | (1) |  |  | 4 |  |  | — |  |  | (2) |
OCI for the year ended December 31, 2023, net of tax |  | 28 |  |  | 5 |  |  | (13) |  |  | 133 |  |  | 153 |
December 31, 2023 |  | 56 |  |  | (10) |  |  | (95) |  |  | 644 |  |  | 595 |
Cumulative tax impact |  | (8) |  |  | 1 |  |  | 25 |  |  | — |  |  | 18 |
December 31, 2023, net of tax |  | 48 |  |  | (9) |  |  | (70) |  |  | 644 |  |  | 613 |
Schedule of Items Reclassified Out of Accumulated Other Comprehensive Income | Items reclassified out of Accumulated Other Comprehensive Income for the years ended December 31, 2023, 2022, 2021 are listed in the table below:
Details about AOCI components |  | Amounts reclassified from AOCI in the year ended December 31, 2023 |  | Amounts reclassified from AOCI in the year ended December 31, 2022 |  | Amounts reclassified from AOCI in the year ended December 31, 2021 |  | Affected line item in the statement where net income (loss) is presented
Gains (Losses) on Cash Flow Hedges |  |  |  |  |  |  |  |
Foreign exchange derivative contracts |  | $ | 1 |  |  | $ | (129) |  |  | $ | 15 |  |  | Cost of sales
Foreign exchange derivative contracts |  | $ | 1 |  |  | $ | (15) |  |  | $ | 1 |  |  | Selling, general and administrative expenses
Foreign exchange derivative contracts |  | $ | 3 |  |  | $ | (53) |  |  | $ | 3 |  |  | Research and development expenses
|  | $ | — |  |  | $ | 27 |  |  | $ | (3) |  |  | Income tax benefit (expense)
|  | $ | 5 |  |  | $ | (170) |  |  | $ | 16 |  |  | Net of tax
Defined Benefit Pension Plan Items |  |  |  |  |  |  |  |
Amortization of actuarial gains (losses) |  | $ | (6) |  |  | $ | (3) |  |  | $ | (12) |  |  | Other components of pension benefit costs
Amortization of prior service cost |  | $ | (1) |  |  | $ | (1) |  |  | $ | (1) |  |  | Other components of pension benefit costs
|  | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |  |  | Income tax benefit (expense)
|  | $ | (6) |  |  | $ | (3) |  |  | $ | (11) |  |  | Net of tax
Total reclassifications for the year |  | $ | (1) |  |  | $ | (173) |  |  | $ | 5 |  |  |
Attributable to noncontrolling interest |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
Attributable to the parent company stockholders |  | $ | (1) |  |  | $ | (173) |  |  | $ | 5 |  |  |

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