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Equity (Tables) | 6 Months Ended
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Jun. 30, 2017
Equity [Abstract] |
Schedule of share repurchases | Share repurchases for the periods ended June 30 were as follows:
(in millions, except average price) | Three Months |  | Six Months
| 2017 |  | 2016 |  | 2017 |  | 2016
Total number of shares purchased | 1.1 |  |  | 1.4 |  |  | 2.6 |  |  | 3.5 |
Average price paid per share 1 | $ | 137.49 |  |  | $ | 107.74 |  |  | $ | 133.01 |  |  | $ | 98.05 |
Total cash utilized 1 | $ | 145 |  |  | $ | 147 |  |  | $ | 346 |  |  | $ | 347 |
1 | In December of 2015, 0.3 million shares were repurchased for approximately $26 million, which settled in January of 2016. Cash used for financing activities only reflects those shares which settled during the six months ended June 30, 2016 resulting in $373 million of cash used to repurchase shares.
Schedule of redeemable noncontrolling interest | Changes to redeemable noncontrolling interest during the six months ended June 30, 2017 were as follows:
(in millions) |
Balance as of December 31, 2016 | $ | 1,080 |
Net income attributable to noncontrolling interest | 61 |
Distributions payable to noncontrolling interest | (36 | )
Redemption value adjustment | 2 |
Balance as of June 30, 2017 | $ | 1,107 |
Schedule of changes in the components of accumulated other comprehensive loss | The following table summarizes the changes in the components of accumulated other comprehensive loss for the six months ended June 30, 2017:
(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, 2016 | $ | (332 | ) |  | $ | (443 | ) |  | $ | 2 |  |  | $ | (773 | )
Other comprehensive income before reclassifications | 72 |  |  | (1 | ) |  | 1 |  |  | 72 |
Reclassifications from accumulated other comprehensive loss to net earnings | — |  |  | 6 |  | 1 |  | (4 | ) | 2 |  | 2 |
Net other comprehensive income | 72 |  |  | 5 |  |  | (3 | ) |  | 74 |
Balance as of June 30, 2017 | $ | (260 | ) |  | $ | (438 | ) |  | $ | (1 | ) |  | $ | (699 | )
1 | See Note 6 — Employee Benefits for additional details of items reclassed from accumulated other comprehensive loss to net earnings.
2 | See Note 5 — Derivative Instruments for additional details of items reclassed from accumulated other comprehensive loss to net earnings.

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- Definition Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity. + References No definition available. + Details
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- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656 + Details
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