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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
Balance (in shares) at Dec. 31, 2018   80 [1]     33  
Balance at Dec. 31, 2018   $ 1 $ 2,408 $ 4,101 $ (2,870) $ (237) [2]
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 175     175    
Foreign currency translation adjustments 20 [3],[4]         20 [2]
Fixed price diesel swaps [2]           1
Stock compensation expense, net (in shares) [1]   1        
Stock compensation expense, net     15      
Exercise of common stock options     4      
Shares repurchased and retired     (33)      
Repurchase of common stock (in shares)   (2) [1]     (2)  
Repurchase of common stock         $ (210)  
Balance (in shares) at Mar. 31, 2019   79 [1]     35  
Balance at Mar. 31, 2019   $ 1 2,394 4,276 $ (3,080) (216) [2]
Balance (in shares) at Dec. 31, 2019   74 [1]     39  
Balance at Dec. 31, 2019 3,830 $ 1 2,440 5,275 $ (3,700) (186) [2]
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 173     173    
Foreign currency translation adjustments (103) [3],[4]         (103) [2],[5]
Fixed price diesel swaps [2]           (3)
Stock compensation expense, net (in shares) [1]   1        
Stock compensation expense, net     13      
Exercise of common stock options     1      
Shares repurchased and retired     (19)      
Repurchase of common stock (in shares)   (3) [1]     (3)  
Repurchase of common stock         $ (257)  
Balance (in shares) at Mar. 31, 2020   72 [1]     42  
Balance at Mar. 31, 2020 $ 3,635 $ 1 $ 2,435 $ 5,448 $ (3,957) $ (292) [2]
[1] Common stock outstanding decreased by approximately 6 million net shares during the year ended December 31, 2019.
[2] The Accumulated Other Comprehensive Loss balance primarily reflects foreign currency translation adjustments.
[3] The 2020 activity primarily reflects a significant change in Canadian currency exchange rates.
[4] There were no material reclassifications from accumulated other comprehensive loss reflected in other comprehensive income (loss) during 2020 or 2019. There is no tax impact related to the foreign currency translation adjustments, as the earnings are considered permanently reinvested. We have historically considered the undistributed earnings of our foreign subsidiaries to be indefinitely reinvested. We have not repatriated funds to the U.S. to satisfy domestic liquidity needs, nor do we anticipate the need to do so. If we determine that all or a portion of our foreign earnings are no longer indefinitely reinvested, we may be subject to additional foreign withholding taxes and U.S. state income taxes. There were no material taxes associated with other comprehensive income (loss) during 2020 or 2019.
[5] Primarily reflects a significant change in Canadian currency exchange rates.