Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2021

Components Of Other Comprehensive Income

The components of other comprehensive income (loss) were as follows:


		Three Months Ended March 31,
		2021		2020
Net loss		$	(170)	$	(158)
Other comprehensive income (loss):
	Currency translation adjustments (net of tax of $(12) and $(4), respectively)	(14)		(83)
	Net unrealized gain (loss) on cash flow hedges (net of tax of $3 and $6, respectively)	35		(18)
	Minimum pension liability adjustment (net of tax of $0 and $0, respectively)	3		2
		24		(99)
Comprehensive loss		$	(146)	$	(257)

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Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries.

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) were as follows:


		Currency Translation Adjustments		Net Unrealized Gains (Losses) on Cash Flow Hedges(a)		Minimum Pension Liability Adjustment(b)		Accumulated Other Comprehensive Income (Loss)


Balance, January 1, 2021		$	40	$	(51)	$	(176)	$	(187)
	Other comprehensive income (loss) before reclassifications	(14)		32		1		19
	Amounts reclassified from accumulated other comprehensive income (loss)	—		3		2		5
Net current-period other comprehensive income (loss)		(14)		35		3		24
Balance, March 31, 2021		$	26	$	(16)	$	(173)	$	(163)

Balance, January 1, 2020		$	9	$	(20)	$	(146)	$	(157)
	Other comprehensive income (loss) before reclassifications	(83)		(18)		1		(100)
	Amounts reclassified from accumulated other comprehensive income (loss)	—		—		1		1
Net current-period other comprehensive income (loss)		(83)		(18)		2		(99)
Balance, March 31, 2020		$	(74)	$	(38)	$	(144)	$	(256)

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All components of accumulated other comprehensive income (loss) are net of tax, except currency translation adjustments, which exclude income taxes related to indefinite investments in foreign subsidiaries and include a $47 million gain, net of tax, as of March 31, 2021 related to the Company’s hedge of its net investment in euro-denominated foreign operations (see Note 15–Financial Instruments).

(a)For the three months ended March 31, 2021, the amount reclassified from accumulated other comprehensive income (loss) into corporate interest expense was $1 million ($0 million, net of tax). For the three months ended March 31, 2021, the amount reclassified from accumulated other comprehensive income (loss) into vehicle interest expense was $4 million ($3 million, net of tax).

(b)For the three months ended March 31, 2021 and 2020, amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $3 million ($2 million, net of tax) and $2 million ($1 million, net of tax), respectively..