STOCKHOLDER'S EQUITY

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

STOCKHOLDER'S EQUITY

STOCKHOLDER'S EQUITY

Accumulated Other Comprehensive Income

The following table provides the components of changes in AOCI for the three months ended March 31, 2017 and 2016:

	Three months ended
	March 31,
(in millions)	2017		2016
Balance at the beginning of period	$	2	$	4
Loss on interest rate swaps relating to interest rate cash flow hedges (net of tax of $2 for the three months ended March 31, 2016) (a)	—		(2		)
Balance at the end of period (b) (c)	$	2	$	2

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(a) Includes loss on interest rate swaps relating to interest rate cash flow hedges, net of tax, of less than $1 million for the three months ended March 31, 2017.

(b) Includes unrealized gains on available-for-sale securities, net of tax, of less than $1 million for the three months ended March 31, 2017 and 2016.

(c) Includes reclassification of net loss relating to interest rate cash flow hedges from AOCI to interest expense, net of tax, of less than $1 million for the three months ended March 31, 2017 and 2016.

The amount of net loss relating to interest rate cash flow hedges to be reclassified from AOCI to interest expense for the 12-month period ending March 31,2018 is expected to be $3 million.

The Merger

On October 14, 2016, ITC Holdings became a wholly-owned subsidiary of Investment Holdings, which is an indirect subsidiary of Fortis and GIC, upon the closing of the Merger. On the same date, the common shares of ITC Holdings were delisted from the NYSE. Refer to Note 2 for further details of the Merger.

Related Party Transactions

During the three months ended March 31, 2017, we paid dividends of $33 million to Investment Holdings. ITC Holdings also paid dividends of $45 million to Investment Holdings in April 2017.