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Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Accumulated Other Comprehensive Loss

5. Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss are as follows (in millions):

 

 

 

Foreign

 

 

 

Currency

 

 

 

Translation

 

 

 

Adjustments

 

Balance at December 31, 2015

 

$

(134

)

Other comprehensive gain

 

 

15

 

Balance at June 30, 2016

 

$

(119

)

 

The Company’s reporting currency is the U.S. dollar. A majority of the Company’s international entities in which there is a substantial investment have the local currency as their functional currency. As a result, foreign currency translation adjustments resulting from the process of translating the entities’ financial statements into the reporting currency are reported in other comprehensive income (loss) in accordance with ASC Topic 830 “Foreign Currency Matters” (“ASC Topic 830”).