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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
[2]
Balance (in shares) at Dec. 31, 2020 [1]   72,000,000        
Balance at Dec. 31, 2020   $ 1 $ 2,482 $ 6,165 $ (3,957) $ (146)
Balance (in shares) at Dec. 31, 2020         42,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 496     496    
Foreign currency translation adjustments 28 [3]         28
Fixed price diesel swaps 1         1
Stock compensation expense, net     56      
Shares repurchased and retired     (32)      
Balance (in shares) at Jun. 30, 2021 [1]   72,000,000        
Balance at Jun. 30, 2021   $ 1 2,506 6,661 $ (3,957) (117)
Balance (in shares) at Jun. 30, 2021         42,000,000  
Balance (in shares) at Mar. 31, 2021 [1]   72,000,000        
Balance at Mar. 31, 2021   $ 1 2,473 6,368 $ (3,957) (140)
Balance (in shares) at Mar. 31, 2021         42,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 293     293    
Foreign currency translation adjustments 23 [3]         23
Fixed price diesel swaps $ 0          
Stock compensation expense, net     35      
Shares repurchased and retired     (2)      
Balance (in shares) at Jun. 30, 2021 [1]   72,000,000        
Balance at Jun. 30, 2021   $ 1 2,506 6,661 $ (3,957) (117)
Balance (in shares) at Jun. 30, 2021         42,000,000  
Balance (in shares) at Dec. 31, 2021 72,420,566 72,000,000 [1]        
Balance at Dec. 31, 2021 $ 5,991 $ 1 2,567 7,551 $ (3,957) (171)
Balance (in shares) at Dec. 31, 2021         42,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 860     860    
Foreign currency translation adjustments (49) [3]         (49)
Fixed price diesel swaps $ 3         3
Stock compensation expense, net (in shares) [1]   1,000,000        
Stock compensation expense, net     60      
Shares repurchased and retired     (57)      
Repurchase of common stock (in shares)   (3,000,000) [1]     (3,000,000)  
Repurchase of common stock         $ (762)  
Balance (in shares) at Jun. 30, 2022 70,112,526 70,000,000 [1]        
Balance at Jun. 30, 2022 $ 6,046 $ 1 2,570 8,411 $ (4,719) (217)
Balance (in shares) at Jun. 30, 2022         45,000,000  
Balance (in shares) at Mar. 31, 2022 [1]   72,000,000        
Balance at Mar. 31, 2022   $ 1 2,535 7,918 $ (4,219) (151)
Balance (in shares) at Mar. 31, 2022         43,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 493     493    
Foreign currency translation adjustments (66) [3]         (66)
Fixed price diesel swaps $ 0          
Stock compensation expense, net     36      
Shares repurchased and retired     (1)      
Repurchase of common stock (in shares)   (2,000,000) [1]     (2,000,000)  
Repurchase of common stock         $ (500)  
Balance (in shares) at Jun. 30, 2022 70,112,526 70,000,000 [1]        
Balance at Jun. 30, 2022 $ 6,046 $ 1 $ 2,570 $ 8,411 $ (4,719) $ (217)
Balance (in shares) at Jun. 30, 2022         45,000,000  
[1] Common stock outstanding increased by less than one million net shares during the year ended December 31, 2021.
[2] The Accumulated Other Comprehensive Loss balance primarily reflects foreign currency translation adjustments
[3] There were no material reclassifications from accumulated other comprehensive loss reflected in other comprehensive income (loss) during 2022 or 2021. There was no material tax impact related to the foreign currency translation adjustments. We have historically considered the undistributed earnings of our foreign subsidiaries to be indefinitely reinvested, and, accordingly, no taxes were provided on such earnings prior to 2020. In 2020 and 2021, we identified cash in our foreign operations in excess of near-term working capital needs that could no longer be considered indefinitely reinvested. As a result, our prior assertion that all undistributed earnings of our foreign subsidiaries should be considered indefinitely reinvested changed. In 2021, we remitted $203 of cash from foreign operations (such amount represents the cumulative amount of identified cash in our foreign operations in excess of near-term working capital needs). We continue to expect that the remaining balance of our undistributed foreign earnings will be indefinitely reinvested. If we determine that all or a portion of such 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 2022 or 2021.