XML 19 R7.htm IDEA: XBRL DOCUMENT v3.21.2
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
[2]
Balance (in shares) at Dec. 31, 2019   74 [1]     39  
Balance at Dec. 31, 2019   $ 1 $ 2,440 $ 5,275 $ (3,700) $ (186)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 593     593    
Foreign currency translation adjustments (26) [3]         (26) [4]
Fixed price diesel swaps (2)         (2)
Stock compensation expense, net (in shares) [1]   1        
Stock compensation expense, net     46      
Exercise of common stock options     1      
Shares repurchased and retired     (24)      
Repurchase of common stock (in shares)   (3) [1]     (3)  
Repurchase of common stock         $ (257)  
Balance (in shares) at Sep. 30, 2020   72 [1]     42  
Balance at Sep. 30, 2020   $ 1 2,463 5,868 $ (3,957) (214)
Balance (in shares) at Jun. 30, 2020   72 [1]     42  
Balance at Jun. 30, 2020   $ 1 2,450 5,660 $ (3,957) (247)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 208     208    
Foreign currency translation adjustments 32 [3]         32
Fixed price diesel swaps 1         1
Stock compensation expense, net     18      
Shares repurchased and retired     (5)      
Balance (in shares) at Sep. 30, 2020   72 [1]     42  
Balance at Sep. 30, 2020   $ 1 2,463 5,868 $ (3,957) (214)
Balance (in shares) at Dec. 31, 2020   72 [1]     42  
Balance at Dec. 31, 2020 4,545 $ 1 2,482 6,165 $ (3,957) (146)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 905     905    
Foreign currency translation adjustments (24) [3]         (24)
Fixed price diesel swaps 1         1
Stock compensation expense, net     89      
Shares repurchased and retired     (33)      
Balance (in shares) at Sep. 30, 2021   72 [1]     42  
Balance at Sep. 30, 2021 5,483 $ 1 2,538 7,070 $ (3,957) (169)
Balance (in shares) at Jun. 30, 2021   72 [1]     42  
Balance at Jun. 30, 2021   $ 1 2,506 6,661 $ (3,957) (117)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 409     409    
Foreign currency translation adjustments (52) [3]         (52)
Fixed price diesel swaps 0          
Stock compensation expense, net     33      
Shares repurchased and retired     (1)      
Balance (in shares) at Sep. 30, 2021   72 [1]     42  
Balance at Sep. 30, 2021 $ 5,483 $ 1 $ 2,538 $ 7,070 $ (3,957) $ (169)
[1] Common stock outstanding decreased by approximately 2 million net shares during the year ended December 31, 2020.
[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 2021 or 2020. 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 the fourth quarter of 2020. In the fourth quarter of 2020, we identified $135 of cash in our foreign operations in excess of near-term working capital needs, and determined that this amount 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. 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 2021 or 2020.
[4] .