Equity (Tables)

3 Months Ended

Mar. 31, 2015

Share repurchases for the three months ended March 31 were as follows:



(in millions, except average price)	2015		2014
Total number of shares purchased	1.1		2.2
Average price paid per share ¹	$	104.31	$	78.47
Total cash utilized²	$	110	$	174


¹	In March of 2014, 0.3 million shares were repurchased for $21 million, which settled in April 2014. Excluding these shares, the average price paid per share was $78.99.


²	In December of 2013, 0.1 million shares were repurchased for approximately $10 million, which settled in January of 2014. Cash used for financing activities only reflects those shares which settled during the three months ended March 31, 2014 resulting in $164 million of cash used to repurchase shares.

Changes to redeemable noncontrolling interest during the three months ended March 31, 2015 were as follows:



(in millions)
Balance as of December 31, 2014	$	810
Net income attributable to noncontrolling interest	25
Distributions payable to noncontrolling interest	(17		)
Redemption value adjustment	(8		)
Balance as of March 31, 2015	$	810

The following table summarizes the changes in the components of accumulated other comprehensive loss for the three months ended March 31, 2015:



(in millions)	Foreign Currency Translation Adjustment			Pension and Postretirement Benefit Plans				Unrealized Gain (Loss) on Forward Exchange Contracts		Accumulated Other Comprehensive Loss
Balance as of December 31, 2014	$	(83	)	$	(431	)		$	—	$	(514	)
Other comprehensive income before reclassifications	(82		)	—				—		(82		)
Reclassifications from accumulated other comprehensive loss to net earnings	—			3			¹	—		3
Net other comprehensive income	(82		)	3				—		(79		)
Balance as of March 31, 2015	$	(165	)	$	(428	)		$	—	$	(593	)


¹	See Note 5 — Employee Benefits for additional details of items reclassed from accumulated other comprehensive loss to net earnings.