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Equity (Tables) | 6 Months Ended
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Jun. 30, 2018
Equity [Abstract] |
Schedule of changes in number of shares outstanding | The following table presents the changes in number of shares outstanding (in thousands):
| Class A Common Stock | Class B Common Stock
Balance at December 31, 2017 | 422,208 |  | 706,985 |
Issue of shares upon vesting of restricted stock units (1) | 374 |  | — |
Issue of shares on exercises of stock options(1) | 551 |  | — |
Stock repurchase program (2) (3) | (11,501 | ) | (19,241 | )
Balance at June 30, 2018 | 411,631 |  | 687,743 |
(1) | Share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation.
(2) | On November 2, 2017, our board of directors authorized BHGE LLC to repurchase up to $3 billion of its common units from the Company and GE. The proceeds of this repurchase are to be used by BHGE to repurchase Class A common stock of the Company on the open market, which if fully implemented would result in the repurchase of approximately $1.1 billion of Class A common stock. The Class B common stock of the Company, paired with common units, will be repurchased by the Company at par value. The $3 billion repurchase authorization is the aggregate authorization for repurchases of Class A common stock and Class B common stock together with its paired common unit. At June 30, 2018, BHGE LLC had authorization remaining to repurchase up to approximately $1.5 billion of its common units from BHGE and GE.
(3) | During the three months and six months ended June 30, 2018, we repurchased and canceled 5,210,572 and 11,500,992 shares of Class A common stock for a total of $187 million and $374 million, respectively. We also repurchased and canceled 8,717,287 and 19,241,160 shares of Class B common stock from GE together with the paired common units of BHGE LLC for $313 million and $626 million for the three and six months ended June 30, 2018, respectively.
Schedule of accumulated other comprehensive loss | The following tables present the changes in accumulated other comprehensive loss, net of tax:
| Investment Securities | Foreign Currency Translation Adjustments | Cash Flow Hedges | Benefit Plans | Accumulated Other Comprehensive Loss
Balance at December 31, 2017 | $ | 1 |  | $ | (682 | ) | $ | 1 |  | $ | (23 | ) | $ | (703 | )
Other comprehensive income (loss) before reclassifications | (1 | ) | (224 | ) | 1 |  | 4 |  | (220 | )
Amounts reclassified from accumulated other comprehensive income (loss) | — |  | — |  | — |  | — |  | — |
Deferred taxes | (1 | ) | — |  | — |  | (2 | ) | (3 | )
Other comprehensive income (loss) | (2 | ) | (224 | ) | 1 |  | 2 |  | (223 | )
Less: Other comprehensive income (loss) attributable to noncontrolling interests | (1 | ) | (139 | ) | — |  | 1 |  | (139 | )
Balance at June 30, 2018 | $ | — |  | $ | (767 | ) | $ | 2 |  | $ | (22 | ) | $ | (787 | )
| Investment Securities | Foreign Currency Translation Adjustments | Cash Flow Hedges | Benefit Plans | Accumulated Other Comprehensive Loss
Balance at December 31, 2016 | $ | — |  | $ | (1,795 | ) | $ | (10 | ) | $ | (83 | ) | $ | (1,888 | )
Other comprehensive income (loss) before reclassifications | 39 |  | (63 | ) | 2 |  | (5 | ) | (27 | )
Amounts reclassified from accumulated other comprehensive income (loss) | (38 | ) | — |  | 9 |  | (2 | ) | (31 | )
Deferred taxes | — |  | (10 | ) | (2 | ) | 4 |  | (8 | )
Other comprehensive income (loss) | 1 |  | (73 | ) | 9 |  | (3 | ) | (66 | )
Less: Other comprehensive income attributable to noncontrolling interests | 1 |  | 1 |  | — |  | 1 |  | 3 |
Balance at June 30, 2017 | $ | — |  | $ | (1,869 | ) | $ | (1 | ) | $ | (87 | ) | $ | (1,957 | )
Schedule of noncontrolling interest | As of June 30, 2018, GE owned approximately 62.5% of BHGE LLC and this represents the majority of the noncontrolling interest balance reported within equity.
| June 30, 2018 | December 31, 2017
GE's interest in BHGE LLC | $ | 22,897 |  | $ | 23,993 |
Other noncontrolling interests | 109 |  | 140 |
Total noncontrolling interests | $ | 23,006 |  | $ | 24,133 |

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