Equity

9 Months Ended

Sep. 30, 2020

7. EQUITY

Share Activity

There was no significant share activity during the nine months ended September 30, 2020 and 2019.

Common Stock Dividends

On October 28, 2020, our board of directors declared a quarterly cash dividend of $0.98 per common share payable on December 9, 2020 to holders of record at the close of business on November 18, 2020.

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss by component, net of tax, were as follows (in millions):


	Three Months Ended September 30,
	2020								2019
	Foreign Currency Translation Adjustment		Defined Benefit Plans Items		Gains (Losses) on Cash Flow Hedges		Total		Foreign Currency Translation Adjustment		Defined Benefit Plans Items		Gains (Losses) on Cash Flow Hedges		Total
Balance as of beginning of period	$	(1,144)	$	(653)	$	(2)	$	(1,799)	$	(870)	$	(481)	$	1	$	(1,350)
Other comprehensive income (loss) before reclassifications	217		—		—		217		(180)		—		1		(179)
Amounts reclassified from accumulated other comprehensive loss	—		9		2		11		—		2		(2)		—
Other comprehensive income (loss)	217		9		2		228		(180)		2		(1)		(179)
Balance as of end of period	$	(927)	$	(644)	$	—	$	(1,571)	$	(1,050)	$	(479)	$	—	$	(1,529)


	Nine Months Ended September 30,
	2020								2019
	Foreign Currency Translation Adjustment		Defined Benefit Plans Items		Gains (Losses) on Cash Flow Hedges		Total		Foreign Currency Translation Adjustment		Defined Benefit Plans Items		Gains (Losses) on Cash Flow Hedges		Total
Balance as of beginning of period	$	(676)	$	(672)	$	(3)	$	(1,351)	$	(1,022)	$	(485)	$	—	$	(1,507)
Other comprehensive income (loss) before reclassifications	(251)		—		19		(232)		(28)		—		2		(26)
Amounts reclassified from accumulated other comprehensive loss	—		28		(16)		12		—		6		(2)		4
Other comprehensive income (loss)	(251)		28		3		(220)		(28)		6		—		(22)
Balance as of end of period	$	(927)	$	(644)	$	—	$	(1,571)	$	(1,050)	$	(479)	$	—	$	(1,529)