Shareholders' Deficit

9 Months Ended

Sep. 30, 2022

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders' Deficit

Under the authority of our Board of Directors, we repurchased shares of our Common Stock during the years to date ended September 30, 2022 and 2021 as indicated below.  All amounts exclude applicable transaction fees. 

	Shares Repurchased (thousands)			Dollar Value of Shares Repurchased					Remaining Dollar Value of Shares that may be Repurchased
Authorization Date	2022	2021		2022		2021			2022
November 2019	—	4,746		$	—	$	530		$	—
May 2021	5,987	2,602		714		330			236
September 2022	—	—		—		—			2,000
Total	5,987	7,348	(a)	$	714	$	860	(a)	$	2,236

(a)    Includes the effect of $14 million in share repurchases (0.1 million shares) with trade dates on, or prior to, September 30, 2021, but cash settlement dates subsequent to September 30, 2021, and excludes the effect of $11 million in share repurchases (0.1 million shares) with trade dates on, or prior to, December 31, 2020, but cash settlement dates subsequent to December 31, 2020.

In May 2021, our Board of Directors authorized share repurchases from July 1, 2021 through December 31, 2022, of up to $2 billion (excluding applicable transaction fees) of our outstanding Common Stock. As of September 30, 2022, $236 million remains available under this authorization. In September 2022, our Board of Directors authorized share repurchases of up to $2 billion (excluding applicable transaction fees) of our outstanding Common Stock through June 30, 2024. The new authorization will take effect upon the earlier of the exhaustion or expiration of the authorization approved in May 2021.

Changes in Accumulated other comprehensive loss (“AOCI”) are presented below.

	Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature		Pension and Post-Retirement Benefits		Derivative Instruments		Total
Balance at June 30, 2022, net of tax	$	(250)	$	(27)	$	(17)	$	(294)
OCI, net of tax
Gains (losses) arising during the period classified into AOCI, net of tax	(55)		15		32		(8)
(Gains) losses reclassified from AOCI, net of tax	—		4		—		4
	(55)		19		32		(4)
Balance at September 30, 2022, net of tax	$	(305)	$	(8)	$	15	$	(298)
Balance at December 31, 2021, net of tax	$	(206)	$	(34)	$	(85)	$	(325)
OCI, net of tax
Gains (losses) arising during the period classified into AOCI, net of tax	(99)		15		86		2
(Gains) losses reclassified from AOCI, net of tax	—		11		14		25
	(99)		26		100		27
Balance at September 30, 2022, net of tax	$	(305)	$	(8)	$	15	$	(298)