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Shareholders' Equity | 3 Months Ended
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Mar. 31, 2016
Equity [Abstract] |
Shareholders' Equity | Shareholders' Equity Ordinary Shares In April 2012, the Company's Board of Directors authorized a share repurchase program under which up to $5.0 billion of Class A Ordinary Shares may be repurchased ("2012 Share Repurchase Program"). In November 2014, the Company's Board of Directors authorized a new $5.0 billion share repurchase program in addition to the existing program ("2014 Share Repurchase Program" and, together, the "Repurchase Programs"). Under each program, shares may be repurchased through the open market or in privately negotiated transactions, from time to time, based on prevailing market conditions, and will be funded from available capital. In the three months ended March 31, 2016, the Company repurchased 7.7 million shares at an average price per share of $97.92 for a total cost of approximately $750 million under the Repurchase Programs. Included in the 7.7 million shares repurchased during the three months ended March 31, 2016 was 0.6 million shares purchased in that period which did not settle until April 2016. These shares were settled at an average price per share of $103.58 and total cost of $65 million. In the three months ended March 31, 2015, the Company repurchased 2.5 million shares at an average price per share of $100.15 for a total cost of $250 million under the 2012 Share Repurchase Program. In August 2015, the $5 billion of Class A Ordinary Shares authorized under the 2012 Share Repurchase Program was exhausted. At March 31, 2016, the remaining authorized amount for share repurchase under the 2014 Share Repurchase Program is $3.3 billion. Under the Repurchase Programs, the Company has repurchased a total of 85.7 million shares for an aggregate cost of $6.7 billion. Net Income Per Share Weighted average shares outstanding are as follows (in millions):
| Three months ended March 31,
| 2016 |  | 2015
Shares for basic earnings per share | 271.7 |  |  | 284.2 |
Common stock equivalents | 2.0 |  |  | 2.9 |
Shares for diluted earnings per share | 273.7 |  |  | 287.1 |
Certain ordinary share equivalents may be excluded from the computation of diluted net income per share if their inclusion would be antidilutive. There were 0.5 million and no shares excluded from the calculation for the three months ended March 31, 2016 and 2015, respectively. Accumulated Other Comprehensive Loss Changes in Accumulated other comprehensive loss by component, net of related tax, are as follows (in millions):
| Change in Fair Value of Financial Instruments (1) |  | Foreign Currency Translation Adjustments |  | Post-Retirement Benefit Obligation (2) |  | Total
Balance at December 31, 2015 | $ | (25 | ) |  | $ | (771 | ) |  | $ | (2,627 | ) |  | $ | (3,423 | )
Other comprehensive (loss) income before reclassifications, net | (7 | ) |  | (79 | ) |  | (219 | ) |  | (305 | )
Amounts reclassified from accumulated other comprehensive loss: |  |  |  |  |  |  |  |  |  |
Amounts reclassified from accumulated other comprehensive loss | (1 | ) |  | — |  |  | 26 |  |  | 25 |
Tax benefit | 1 |  |  | — |  |  | (8 | ) |  | (7 | )
Amounts reclassified from accumulated other comprehensive loss, net | — |  |  | — |  |  | 18 |  |  | 18 |
Net current period other comprehensive (loss) income | (7 | ) |  | (79 | ) |  | (201 | ) |  | (287 | )
Balance at March 31, 2016 | $ | (32 | ) |  | $ | (850 | ) |  | $ | (2,828 | ) |  | $ | (3,710 | )
______________________________________________ (1) Reclassifications from this category included in Accumulated other comprehensive loss are recorded in Other income. (2) Reclassifications from this category included in Accumulated other comprehensive loss are recorded in Compensation and benefits. In March 2016, the Company entered into an insurance contract which covers a portion of the assets within select U.K. pension schemes. The transaction resulted in a decrease in Prepaid pension assets and Accumulated other comprehensive income by $267 million as the fair value in the insurance policies was deemed to be the present value of the current obligation.

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- Definition The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details. + References No definition available. + Details
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