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Conversion from IFRS to U.S. GAAP (Tables)
 12 Months Ended
Dec. 31, 2018
Conversion from IFRS to U.S. GAAP  
Schedule of significant differences in the consolidated statements of operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

Note

    

2018

    

2017

 

 

2016

Net (loss) income - IFRS

 

 

$

(1,381)

 

$

100

 

$

106

Product and service costs 1

(a), (b), (g), (i)

 

 

(88)

 

 

(105)

 

 

(71)

Depreciation and amortization

(a)

 

 

 4

 

 

 6

 

 

 5

Interest expense, net

(a), (f), (g)

 

 

(4)

 

 

 6

 

 

 7

Other expense (income), net

(g)

 

 

 7

 

 

25

 

 

(4)

Income tax benefit

(b), (f), (h), (j)

 

 

28

 

 

26

 

 

25

Impairment losses, net

(a)

 

 

170

 

 

 —

 

 

 —

Net (loss) income - U.S. GAAP

 

 

$

(1,264)

 

$

58

 

$

68

1  Excludes depreciation and amortization

Schedule of significant differences in the consolidated balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

 

2018

 

2017

 

    

IFRS

    

Adjustments

 

U.S. GAAP

 

IFRS

    

Adjustments

 

U.S. GAAP

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income taxes receivable 1

 

$

64

 

$

(50)

 

$

14

 

$

72

 

$

(53)

 

$

19

Deferred tax assets

 

 

52

 

 

51

 

 

103

 

 

108

 

 

(45)

 

 

63

Property, plant and equipment, net 2

 

 

754

 

 

(7)

 

 

747

 

 

1,055

 

 

(47)

 

 

1,008

Intangible assets, net 2

 

 

1,304

 

 

(72)

 

 

1,232

 

 

1,753

 

 

(135)

 

 

1,618

Other assets

 

 

2,905

 

 

 —

 

 

2,905

 

 

3,669

 

 

 —

 

 

3,669

Total assets

 

$

5,079

 

$

(78)

 

$

5,001

 

$

6,657

 

$

(280)

 

$

6,377

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income taxes payable 1

 

$

15

 

$

(11)

 

$

 4

 

$

49

 

$

(46)

 

$

 3

Deferred tax liabilities

 

 

15

 

 

(9)

 

 

 6

 

 

104

 

 

(99)

 

 

 5

Other liabilities

 

 

4,326

 

 

21

 

 

4,347

 

 

4,489

 

 

47

 

 

4,536

Total liabilities

 

$

4,356

 

$

 1

 

$

4,357

 

$

4,642

 

$

(98)

 

$

4,544

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Accumulated deficit) retained earnings

 

$

(1,184)

 

$

(27)

 

$

(1,211)

 

$

262

 

$

(144)

 

$

118

Accumulated other comprehensive income

 

 

134

 

 

(52)

 

 

82

 

 

151

 

 

(38)

 

 

113

Other equity

 

 

1,773

 

 

 —

 

 

1,773

 

 

1,602

 

 

 —

 

 

1,602

Total stockholders' equity

 

 

723

 

 

(79)

 

 

644

 

 

2,015

 

 

(182)

 

 

1,833

Total liabilities and stockholders' equity

 

$

5,079

 

$

(78)

 

$

5,001

 

$

6,657

 

$

(280)

 

$

6,377

 

1As a result of the conversion to U.S. GAAP, tax reclassifications of $11 million and $5 million were recorded as of December 31, 2018 and 2017, respectively.

2In 2017, the Company reclassified $47 million of construction in process, within property, plant and equipment, to intangibles to conform to the current year presentation.