Accumulated Other Comprehensive Loss and Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2023

Accumulated Other Comprehensive Loss Activity

The following tables detail the accumulated other comprehensive loss activity for the 2023 first three quarters and 2022 first three quarters:


(in millions)	Foreign Currency Translation Adjustments		Other Adjustments		Accumulated Other Comprehensive Loss
Balance at year-end 2022	$	(740)	$	11	$	(729)
Other comprehensive (loss) income before reclassifications (1)	(129)		11		(118)
Reclassification adjustments	(3)		1		(2)
Net other comprehensive (loss) income	(132)		12		(120)
Balance at September 30, 2023	$	(872)	$	23	$	(849)


(in millions)	Foreign Currency Translation Adjustments		Other Adjustments		Accumulated Other Comprehensive Loss
Balance at year-end 2021	$	(351)	$	9	$	(342)
Other comprehensive (loss) income before reclassifications (1)	(653)		9		(644)
Reclassification adjustments	—		(4)		(4)
Net other comprehensive (loss) income	(653)		5		(648)
Balance at September 30, 2022	$	(1,004)	$	14	$	(990)

(1)Other comprehensive loss before reclassifications for foreign currency translation adjustments includes intra-entity foreign currency transactions that are of a long-term investment nature, which resulted in losses of $1 million for the 2023 first three quarters and gains of $76 million for the 2022 first three quarters.

Changes in Shareholders' Equity

The following tables detail the changes in common shares outstanding and stockholders’ equity for the 2023 first three quarters and 2022 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
310.6	Balance at year-end 2022	$	568	$	5	$	5,965	$	12,342	$	(17,015)	$	(729)

—	Net income	757		—		—		757		—		—
—	Other comprehensive income	82		—		—		—		—		82
—	Dividends ($0.40 per share)	(124)		—		—		(124)		—		—
0.9	Stock-based compensation plans	(34)		—		(59)		—		25		—
(6.8)	Purchase of treasury stock	(1,109)		—		—		—		(1,109)		—
304.7	Balance at March 31, 2023	$	140	$	5	$	5,906	$	12,975	$	(18,099)	$	(647)
—	Net income	726		—		—		726		—		—
—	Other comprehensive loss	(69)		—		—		—		—		(69)
—	Dividends ($0.52 per share)	(157)		—		—		(157)		—		—
0.1	Stock-based compensation plans	48		—		46		—		2		—
(5.2)	Purchase of treasury stock	(912)		—		—		—		(912)		—
299.6	Balance at June 30, 2023	$	(224)	$	5	$	5,952	$	13,544	$	(19,009)	$	(716)
—	Net income	752		—		—		752		—		—
—	Other comprehensive loss	(133)		—		—		—		—		(133)
—	Dividends ($0.52 per share)	(154)		—		—		(154)		—		—
0.4	Stock-based compensation plans	56		—		44		—		12		—
(4.8)	Purchase of treasury stock	(958)		—		—		—		(958)		—
295.2	Balance at September 30, 2023	$	(661)	$	5	$	5,996	$	14,142	$	(19,955)	$	(849)


Common Shares Outstanding		Total		Class A Common Stock		Additional Paid-in-Capital		Retained Earnings		Treasury Stock, at Cost		Accumulated Other Comprehensive Loss
326.3	Balance at year-end 2021	$	1,414	$	5	$	5,892	$	10,305	$	(14,446)	$	(342)

—	Net income	377		—		—		377		—		—
—	Other comprehensive income	14		—		—		—		—		14

1.0	Stock-based compensation plans	(33)		—		(61)		—		28		—

327.3	Balance at March 31, 2022	$	1,772	$	5	$	5,831	$	10,682	$	(14,418)	$	(328)
—	Net income	678		—		—		678		—		—
—	Other comprehensive loss	(323)		—		—		—		—		(323)
—	Dividends ($0.30 per share)	(98)		—		—		(98)		—		—
—	Stock-based compensation plans	43		—		41		—		2		—
(1.9)	Purchase of treasury stock	(300)		—		—		—		(300)		—
325.4	Balance at June 30, 2022	$	1,772	$	5	$	5,872	$	11,262	$	(14,716)	$	(651)
—	Net income	630				—		630		—		—
—	Other comprehensive loss	(339)		—		—		—		—		(339)




—	Dividends ($0.30 per share)	(97)		—		—		(97)		—		—
0.1	Stock-based compensation plans	47		—		47		—		—		—
(6.2)	Purchase of treasury stock	(950)		—		—		—		(950)		—
319.3	Balance at September 30, 2022	$	1,063	$	5	$	5,919	$	11,795	$	(15,666)	$	(990)