XML 165 R53.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
Schedule of Dividend Increases
The Company's Board of Directors approved increases in the Company's Common Stock cash dividend rates as follows:
 
Increase
 
Quarterly Common
Stock Cash Dividend
 
Annual Common
Stock Cash Dividend
 
Effective Date
 
(In percentages)
 
(In $ per share)
 
 
April 2017
28
 
0.46

 
1.84

 
May 2017
April 2018
17
 
0.54

 
2.16

 
May 2018
April 2019
15
 
0.62

 
2.48

 
May 2019

Schedule of Treasury Stock
The share repurchase activity pursuant to this authorization is as follows:
 
Year Ended December 31,
 
Total From
February 2008
Through
December 31, 2019
 
2019
 
2018
 
2017
 
Shares repurchased
9,166,267


7,933,692

(1) 
5,436,803

 
56,878,978

Average purchase price per share
$
109.10

 
$
103.01

 
$
91.97

 
$
73.01

Amount spent on repurchased shares (in millions)
$
1,000

 
$
817

 
$
500

 
$
4,153

Aggregate Board of Directors repurchase authorizations during the period (in millions)
$
1,500

 
$

 
$
1,500

 
$
5,366

______________________________
(1) 
Excludes 1,700 common shares reacquired pursuant to an employee clawback agreement.
Schedule of Components of Other Comprehensive Income (Loss), Net
 
Year Ended December 31,
 
2019
 
2018
 
2017
 
Gross
Amount
 
Income
Tax
(Provision)
Benefit
 
Net
Amount
 
Gross
Amount
 
Income
Tax
(Provision)
Benefit
 
Net
Amount
 
Gross
Amount
 
Income
Tax
(Provision)
Benefit
 
Net
Amount
 
(In $ millions)
Unrealized gain (loss) on marketable securities

 

 

 

 

 

 

 
(1
)
 
(1
)
Foreign currency translation
(10
)
 
(6
)
 
(16
)
 
(65
)
 
5

 
(60
)
 
162

 
12

 
174

Gain (loss) on cash flow hedges
(38
)
 
8

 
(30
)
 
(12
)
 
2

 
(10
)
 

 
(1
)
 
(1
)
Pension and postretirement benefits
(6
)
 
(1
)
 
(7
)
 
1

 
(1
)
 

 
7

 
2

 
9

Total
(54
)
 
1

 
(53
)
 
(76
)
 
6

 
(70
)
 
169

 
12

 
181


Schedule of Adjustments to Accumulated Other Comprehensive Income (Loss), Net
Adjustments to Accumulated other comprehensive income (loss), net, are as follows:
 
Unrealized
Gain (Loss) on
Marketable
Securities
 
Foreign
Currency
Translation
 
Gain (Loss)
from Cash Flow Hedges
 
Pension
and
Postretirement
Benefits
 
Accumulated
Other
Comprehensive
Income
(Loss), Net
 
(In $ millions)
As of December 31, 2016
1

 
(350
)
 
3

 
(12
)
 
(358
)
Other comprehensive income (loss) before reclassifications

 
162

 
4

 
8

 
174

Amounts reclassified from accumulated other comprehensive income (loss)

 

 
(4
)
 
(1
)
 
(5
)
Income tax (provision) benefit
(1
)
 
12

 
(1
)
 
2

 
12

As of December 31, 2017

 
(176
)
 
2

 
(3
)
 
(177
)
Other comprehensive income (loss) before reclassifications

 
(65
)
 
(11
)
 
1

 
(75
)
Amounts reclassified from accumulated other comprehensive income (loss)

 

 
(1
)
 

 
(1
)
Income tax (provision) benefit

 
5

 
2

 
(1
)
 
6

As of December 31, 2018

 
(236
)
 
(8
)
 
(3
)
 
(247
)
Other comprehensive income (loss) before reclassifications

 
(10
)
 
(36
)
 
(6
)
 
(52
)
Amounts reclassified from accumulated other comprehensive income (loss)

 

 
(2
)
 

 
(2
)
Income tax (provision) benefit

 
(6
)
 
8

 
(1
)
 
1

As of December 31, 2019

 
(252
)
 
(38
)
 
(10
)
 
(300
)