Accumulated Other Comprehensive Loss and Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2021

Accumulated Other Comprehensive Loss Activity

The following tables detail the accumulated other comprehensive loss activity for the 2021 first three quarters and 2020 first three quarters:


($ in millions)	Foreign Currency Translation Adjustments		Derivative Instrument and Other Adjustments		Accumulated Other Comprehensive Loss
Balance at year-end 2020	$	(139)	$	4	$	(135)
Other comprehensive loss before reclassifications (1)	(197)		—		(197)
Reclassification adjustments	—		—		—
Net other comprehensive loss	(197)		—		(197)
Balance at September 30, 2021	$	(336)	$	4	$	(332)


($ in millions)	Foreign Currency Translation Adjustments		Derivative Instrument and Other Adjustments		Accumulated Other Comprehensive Loss
Balance at year-end 2019	$	(368)	$	7	$	(361)
Other comprehensive (loss) income before reclassifications (1)	(87)		12		(75)
Reclassification adjustments	—		(10)		(10)
Net other comprehensive (loss) income	(87)		2		(85)
Balance at September 30, 2020	$	(455)	$	9	$	(446)

(1)Other comprehensive (loss) income before reclassifications for foreign currency translation adjustments includes intra-entity foreign currency transactions that are of a long-term investment nature, which resulted in gains of $30 million for the 2021 first three quarters and losses of $21 million for the 2020 first three quarters.

Changes in Shareholders' Equity

The following tables detail the changes in common shares outstanding and stockholders’ equity (deficit) for the 2021 first three quarters and 2020 first three quarters:


(in millions, except per share amounts)
Common Shares Outstanding		Total		Class A Common Stock		Additional Paid-in-Capital		Retained Earnings		Treasury Stock, at Cost		Accumulated Other Comprehensive Loss
324.4	Balance at year-end 2020	$	430	$	5	$	5,851	$	9,206	$	(14,497)	$	(135)

—	Net loss	(11)		—		—		(11)		—		—
—	Other comprehensive loss	(155)		—		—		—		—		(155)

1.2	Stock-based compensation plans	(30)		—		(64)		—		34		—

325.6	Balance at March 31, 2021	$	234	$	5	$	5,787	$	9,195	$	(14,463)	$	(290)
—	Net income	422		—		—		422		—		—
—	Other comprehensive income	96		—		—		—		—		96

—	Stock-based compensation plans	44		—		43		1		—		—

325.6	Balance at June 30, 2021	$	796	$	5	$	5,830	$	9,618	$	(14,463)	$	(194)
—	Net income	220		—		—		220		—		—
—	Other comprehensive loss	(138)		—		—		—		—		(138)

0.1	Stock-based compensation plans	40		—		39		—		1		—

325.7	Balance at September 30, 2021	$	918	$	5	$	5,869	$	9,838	$	(14,462)	$	(332)


Common Shares Outstanding		Total		Class A Common Stock		Additional Paid-in-Capital		Retained Earnings		Treasury Stock, at Cost		Accumulated Other Comprehensive Loss
324.0	Balance at year-end 2019	$	703	$	5	$	5,800	$	9,644	$	(14,385)	$	(361)
—	Adoption of ASU 2016-13	(15)		—		—		(15)		—		—
—	Net income	31		—		—		31		—		—
—	Other comprehensive loss	(378)		—		—		—		—		(378)
—	Dividends ($0.48 per share)	(156)		—		—		(156)		—		—
1.2	Stock-based compensation plans	(55)		—		(89)		—		34		—
(1.0)	Purchase of treasury stock	(150)		—		—		—		(150)		—
324.2	Balance at March 31, 2020	$	(20)	$	5	$	5,711	$	9,504	$	(14,501)	$	(739)
—	Net loss	(234)		—		—		(234)		—		—
—	Other comprehensive income	131		—		—		—		—		131

0.1	Stock-based compensation plans	44		—		42		—		2		—

324.3	Balance at June 30, 2020	$	(79)	$	5	$	5,753	$	9,270	$	(14,499)	$	(608)
—	Net income	100		—		—		100		—		—
—	Other comprehensive income	162		—		—		—		—		162

—	Stock-based compensation plans	46		—		45		—		1		—

324.3	Balance at September 30, 2020	$	229	$	5	$	5,798	$	9,370	$	(14,498)	$	(446)