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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Common Stock
Preferred Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Common Stock in Treasury
Beginning balance (in shares) at Dec. 31, 2017   512,134,311 1,725,000       31,269
Beginning balance at Dec. 31, 2017 $ 1,979 $ 5   $ 4,698 $ (2,679) $ (44) $ (1)
Comprehensive income              
Net income (loss) 537 [1]       537    
Other comprehensive income 8         8  
Comprehensive income (loss) [1] 545            
Stock-based compensation 21     21      
Preferred stock dividend (in shares)   74,998,614 (1,725,000)        
Preferred stock dividend $ 0 $ 1   (1)      
Issuance of restricted stock (in shares)   349,562          
Cancellation of restricted stock (in shares)   (1,804,122)          
Performance units vested (in shares)   214,866          
Treasury stock (in shares) 39,061,268           39,061,268
Treasury stock $ (180)           $ (180)
Tax withholding - stock compensation (in shares)   (486,124)          
Tax withholding – stock compensation (3)     (3)      
Ending balance (in shares) at Dec. 31, 2018   585,407,107 0       39,092,537
Ending balance at Dec. 31, 2018 2,362 $ 6   4,715 (2,142) (36) $ (181)
Comprehensive income              
Net income (loss) 891       891    
Other comprehensive income 3         3  
Comprehensive income (loss) 894            
Stock-based compensation $ 12     12      
Issuance of restricted stock (in shares)   236,978          
Cancellation of restricted stock (in shares)   (239,571)          
Performance units vested (in shares)   535,802          
Treasury stock (in shares) 5,260,687           5,260,687
Treasury stock $ (21)           $ (21)
Tax withholding - stock compensation (in shares)   (384,393)          
Tax withholding – stock compensation (1)     (1)      
Ending balance (in shares) at Dec. 31, 2019   585,555,923 0       44,353,224
Ending balance at Dec. 31, 2019 3,246 $ 6   4,726 (1,251) (33) $ (202)
Comprehensive income              
Net income (loss) (3,112)       (3,112)    
Other comprehensive income (5)         (5)  
Comprehensive income (loss) (3,117)            
Stock-based compensation 4     4      
Issuance of common stock (in shares)   63,250,000          
Issuance of common stock 152     152      
Issuance of restricted stock (in shares)   311,446          
Cancellation of restricted stock (in shares)   (1,274,802)          
Restricted units granted (in shares)   2,697,170          
Restricted units granted 3     3      
Montage acquisition exchange (in shares)   69,740,848          
Montage merger exchange 213 $ 1   212      
Tax withholding - stock compensation (in shares)   (1,484,885)          
Tax withholding – stock compensation (4)     (4)      
Ending balance (in shares) at Dec. 31, 2020   718,795,700 0       44,353,224
Ending balance at Dec. 31, 2020 $ 497 $ 7   $ 5,093 $ (4,363) $ (38) $ (202)
[1] In 2018, deferred tax activity incurred in other comprehensive income was offset by a valuation allowance.