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Other Comprehensive Income (Loss) and Shareholders' Equity (Deficit)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Other Comprehensive Income (Loss) and Shareholders' (Deficit) Equity
OTHER COMPREHENSIVE INCOME (LOSS) AND SHAREHOLDERS' EQUITY (DEFICIT)
The following tables detail the accumulated other comprehensive income (loss) activity for the 2016 first three quarters and 2015 first three quarters:
($ in millions)
Foreign Currency Translation Adjustments
 
Derivative Instrument Adjustments
 
Available-For-Sale Securities Unrealized Adjustments
 
Accumulated Other Comprehensive Loss
Balance at year-end 2015
$
(192
)
 
$
(8
)
 
$
4

 
$
(196
)
Other comprehensive income (loss) before reclassifications (1)
27

 
(3
)
 
—

 
24

Reclassification of losses from accumulated other comprehensive loss
—

 
3

 
—

 
3

Net other comprehensive income
27

 
—

 
—

 
27

Balance at September 30, 2016
$
(165
)
 
$
(8
)
 
$
4

 
$
(169
)

($ in millions)
Foreign Currency Translation Adjustments
 
Derivative Instrument Adjustments
 
Available-For-Sale Securities Unrealized Adjustments
 
Accumulated Other Comprehensive Loss
Balance at year-end 2014
$
(72
)
 
$
(9
)
 
$
11

 
$
(70
)
Other comprehensive (loss) income before reclassifications (1)
(47
)
 
9

 
(5
)
 
(43
)
Reclassification of losses (gains) from accumulated other comprehensive loss
3

 
(10
)
 
—

 
(7
)
Net other comprehensive loss
(44
)
 
(1
)
 
(5
)
 
(50
)
Balance at September 30, 2015
$
(116
)
 
$
(10
)
 
$
6

 
$
(120
)

(1)
Other comprehensive income (loss) before reclassifications for foreign currency translation adjustments includes intra-entity foreign currency transactions that are of a long-term investment nature. These resulted in a loss of $1 million for the 2016 first three quarters and a gain of $33 million for the 2015 first three quarters.

The following table details the changes in common shares outstanding and shareholders’ equity (deficit) for the 2016 first three quarters:
(in millions, except per share amounts)
 
 
Common
Shares
Outstanding
 
 
Total
 
Class A
Common
Stock
 
Additional
Paid-in-
Capital
 
Retained
Earnings
 
Treasury Stock,
at Cost
 
Accumulated
Other
Comprehensive
Loss
256.3

 
Balance at year-end 2015
$
(3,590
)
 
$
5

 
$
2,821

 
$
4,878

 
$
(11,098
)
 
$
(196
)
—

 
Net income
536

 
—

 
—

 
536

 
—

 
—

—

 
Other comprehensive income
27

 
—

 
—

 
—

 
—

 
27

—

 
Cash dividends ($0.85 per share)
(257
)
 
—

 
—

 
(257
)
 
—

 
—

1.8

 
Employee stock plan
64

 
—

 
26

 
(20
)
 
58

 
—

(3.7
)
 
Purchase of treasury stock
(225
)
 
—

 
—

 
—

 
(225
)
 
—

136.1

 
Starwood Combination (1)
9,286

 
—

 
2,893

 
1,238

 
5,155

 
—

390.5

 
Balance at September 30, 2016
$
5,841

 
$
5

 
$
5,740

 
$
6,375

 
$
(6,110
)
 
$
(169
)

(1)
Represents Marriott common stock and equity-based awards issued in the Starwood Combination, which also resulted in the depletion of our accumulated historical losses on reissuances of treasury stock in Retained Earnings.