Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS??? EQUITY (DEFICIT)

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CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Accumulated Other Comprehensive Income
Additional Paid-in Capital
Treasury Stock
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2018   4,346     0  
Beginning balance at Dec. 31, 2018 $ (1,817) $ 4 $ (6) $ 242 $ 0 $ (2,057)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income, net of tax 928   14     914
Share-based payment expense 263     263    
Exercise of stock options and vesting of restricted stock units (in shares)   38        
Exercise of stock options and vesting of restricted stock units 8     8    
Withholding taxes on net share settlement of stock-based compensation (150)     (150)    
Cash dividends paid on common stock (226)     (226)    
Issuance of common stock as part of Pandora Acquisition (in shares)   392        
Issuance of common stock as part of Pandora Acquisition 2,355 $ 1   2,354    
Equity component of convertible note 62     62    
Common stock repurchased (in shares)         364  
Common stock repurchased (2,159)       $ (2,159)  
Common stock retired (in shares)   (364)     (364)  
Common stock retired 0 $ (1)   (2,158) $ 2,159  
Ending balance (in shares) at Dec. 31, 2019   4,412     0  
Ending balance at Dec. 31, 2019 (736) $ 4 8 395 $ 0 (1,143)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income, net of tax 138   7     131
Share-based payment expense 239     239    
Exercise of stock options and vesting of restricted stock units (in shares)   28        
Exercise of stock options and vesting of restricted stock units 0     0    
Withholding taxes on net share settlement of stock-based compensation (115)     (115)    
Cash dividends paid on common stock (237)     (170)   (67)
Common stock repurchased (in shares)         267  
Common stock repurchased (1,574)       $ (1,574)  
Common stock retired (in shares)   (264)     (264)  
Common stock retired 0 $ 0   (349) $ 1,555 (1,206)
Ending balance (in shares) at Dec. 31, 2020   4,176     3  
Ending balance at Dec. 31, 2020 (2,285) $ 4 15 0 $ (19) (2,285)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Comprehensive income, net of tax 1,314   0     1,314
Share-based payment expense 215     215    
Exercise of stock options and vesting of restricted stock units (in shares)   38        
Exercise of stock options and vesting of restricted stock units 10     10    
Withholding taxes on net share settlement of stock-based compensation (103)     (103)    
Cash dividends paid on common stock (268)     (126)   (142)
Issuance of common stock as part of Pandora Acquisition 4     4    
Common stock repurchased (in shares)         245  
Common stock repurchased (1,512)       $ (1,512)  
Common stock retired (in shares)   (246)     (247)  
Common stock retired 0       $ 1,523 (1,523)
Ending balance (in shares) at Dec. 31, 2021   3,968     1  
Ending balance at Dec. 31, 2021 $ (2,625) $ 4 $ 15 $ 0 $ (8) $ (2,636)