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Accumulated Other Comprehensive Loss and Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Activity
The following tables detail the accumulated other comprehensive loss activity for the 2020 first quarter and 2019 first quarter:
($ in millions)
Foreign Currency Translation Adjustments
 
Derivative Instrument and Other Adjustments
 
Accumulated Other Comprehensive Loss
Balance at year-end 2019
$
(368
)
 
$
7

 
$
(361
)
Other comprehensive (loss) income before reclassifications (1)
(383
)
 
13

 
(370
)
Reclassification of gains
—

 
(8
)
 
(8
)
Net other comprehensive loss
(383
)
 
5

 
(378
)
Balance at March 31, 2020
$
(751
)
 
$
12

 
$
(739
)

($ in millions)
Foreign Currency Translation Adjustments
 
Derivative Instrument and Other Adjustments
 
Accumulated Other Comprehensive Loss
Balance at year-end 2018
$
(403
)
 
$
12

 
$
(391
)
Other comprehensive (loss) income before reclassifications (1)
33

 
(1
)
 
32

Reclassification of losses
—

 
(1
)
 
(1
)
Net other comprehensive (loss) income
33

 
(2
)
 
31

Balance at March 31, 2019
$
(370
)
 
$
10

 
$
(360
)

(1) 
Other comprehensive (loss) income before reclassifications for foreign currency translation adjustments includes intra-entity foreign currency transactions that are of a long-term investment nature, which resulted in gains of $11 million for the 2020 first quarter and $8 million for the 2019 first quarter.
Changes in Shareholders' Equity
The following tables detail the changes in common shares outstanding and shareholders’ (deficit) equity for the 2020 first quarter and 2019 first quarter:
(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
324.0

 
Balance at year-end 2019
$
703

 
$
5

 
$
5,800

 
$
9,644

 
$
(14,385
)
 
$
(361
)
—

 
Adoption of ASU 2016-13
(15
)
 
—

 
—

 
(15
)
 
—

 
—

—

 
Net income
31

 
—

 
—

 
31

 
—

 
—

—

 
Other comprehensive income
(378
)
 
—

 
—

 
—

 
—

 
(378
)
—

 
Dividends ($0.48 per share)
(156
)
 
—

 
—

 
(156
)
 
—

 
—

1.2

 
Share-based compensation plans
(55
)
 
—

 
(89
)
 
—

 
34

 
—

(1.0
)
 
Purchase of treasury stock
(150
)
 
—

 
—

 
—

 
(150
)
 
—

324.2

 
Balance at March 31, 2020
(20
)
 
5

 
5,711

 
9,504

 
(14,501
)
 
(739
)
(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
339.1

 
Balance at year-end 2018 (as adjusted)
2,225

 
5

 
5,814

 
8,982

 
(12,185
)
 
(391
)
—

 
Adoption of ASU 2016-02
1

 
—

 
—

 
1

 
—

 
—

—

 
Net income
375

 
—

 
—

 
375

 
—

 
—

—

 
Other comprehensive income
31

 
—

 
—

 
—

 
—

 
31

—

 
Dividends ($0.41 per share)
(139
)
 
—

 
—

 
(139
)
 
—

 
—

1.7

 
Share-based compensation plans
(62
)
 
—

 
(108
)
 
—

 
46

 
—

(6.7
)
 
Purchase of treasury stock
(828
)
 
—

 
—

 
—

 
(828
)
 
—

334.1

 
Balance at March 31, 2019
1,603

 
5

 
5,706

 
9,219

 
(12,967
)
 
(360
)