The document discusses techniques for improving code through transformations, including eliminating common subexpressions, copy propagation, detecting loop-invariant computations, performing code motion, and eliminating induction variables. Code transformations aim to reduce code size and running time by taking advantage of properties like invariant values to optimize programs without changing their meaning or output. Algorithms described include analyzing flow graphs, data flow, and control flow to identify optimization opportunities and apply transformations correctly and safely.