XML 97 R38.htm IDEA: XBRL DOCUMENT
v3.19.3

Shareholders' Equity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Equity [Abstract] |
Schedule of Share Repurchase Agreements | The following table summarizes the Company’s Share Repurchase activity (in millions, except per share data):
| Three Months Ended September 30 |  | Nine Months Ended September 30
| 2019 (1) |  | 2018 |  | 2019 (1) |  | 2018
Shares repurchased | 1.8 |  |  | 2.1 |  |  | 8.2 |  |  | 8.8 |
Average price per share | $ | 190.83 |  |  | $ | 145.71 |  |  | $ | 183.26 |  |  | $ | 142.15 |
Costs recorded to retained earnings |  |  |  |  |  |  |
Total repurchase cost | $ | 350 |  |  | $ | 300 |  |  | $ | 1,500 |  |  | $ | 1,250 |
Additional associated costs | — |  |  | 1 |  |  | 7 |  |  | 6 |
Total costs recorded to retained earnings | $ | 350 |  |  | $ | 301 |  |  | $ | 1,507 |  |  | $ | 1,256 |
Schedule of Components of Weighted Average Number of Shares | Weighted average ordinary shares outstanding are as follows (in millions):
| Three Months Ended September 30 |  | Nine Months Ended September 30
| 2019 |  | 2018 |  | 2019 |  | 2018
Basic weighted average ordinary shares outstanding | 236.9 |  |  | 244.0 |  |  | 239.9 |  |  | 246.2 |
Dilutive effect of potentially issuable shares | 2.2 |  |  | 1.6 |  |  | 2.0 |  |  | 1.5 |
Diluted weighted average ordinary shares outstanding | 239.1 |  |  | 245.6 |  |  | 241.9 |  |  | 247.7 |
Components of Accumulated Other Comprehensive Loss, Net of Related Tax | 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 |  | Postretirement Benefit Obligation (2) |  | Total
Balance at December 31, 2018 | $ | (15 | ) |  | $ | (1,319 | ) |  | $ | (2,575 | ) |  | $ | (3,909 | )
Other comprehensive income (loss) before reclassifications, net | (12 | ) |  | (180 | ) |  | 2 |  |  | (190 | )
Amounts reclassified from accumulated other comprehensive income |  |  |  |  |  |  |  |  |  |
Amounts reclassified from accumulated other comprehensive income | 12 |  |  | — |  |  | 79 |  |  | 91 |
Tax expense | (3 | ) |  | — |  |  | (19 | ) |  | (22 | )
Amounts reclassified from accumulated other comprehensive income, net | 9 |  |  | — |  |  | 60 |  |  | 69 |
Net current period other comprehensive income (loss) | (3 | ) |  | (180 | ) |  | 62 |  |  | (121 | )
Balance at September 30, 2019 | $ | (18 | ) |  | $ | (1,499 | ) |  | $ | (2,513 | ) |  | $ | (4,030 | )
(1) | Reclassifications from this category included in Accumulated other comprehensive loss are recorded in Revenue, Interest expense, and Compensation and benefits in the accompanying Condensed Consolidated Statements of Income. Refer to Note 15 “Derivatives and Hedging” for further information regarding the Company’s derivative and hedging activity.
(2) Reclassifications from this category included in Accumulated other comprehensive loss are recorded in Other income (expense).

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for repurchase agreements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(m)(1)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration