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Shareholders' Equity
 3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Shareholders' Equity
Shareholders’ Equity

The following summarizes our shareholders’ equity activity for the three months ended March 31, 2015 and 2014:
(Dollars in millions)
Par Value of Issued Shares
 
Capital In Excess of Par Value
 
Retained Earnings
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Treasury Shares
 
Non-controlling Interests
 
Total Shareholders’ Equity
Balance at December 31, 2013
$
775

 
$
4,600

 
$
3,011

 
$
(187
)
 
$
(37
)
 
$
41

 
$
8,203

Net Income (Loss)
—

 
—

 
(41
)
 
—

 
—

 
9

 
(32
)
Other Comprehensive Loss
—

 
—

 
—

 
(202
)
 
—

 
—

 
(202
)
Dividends Paid to Noncontrolling Interests
—

 
—

 
—

 
—

 
—

 
(6
)
 
(6
)
Equity Awards Granted, Vested and Exercised
2

 
3

 
—

 
—

 
3

 
—

 
8

Balance at March 31, 2014
$
777

 
$
4,603

 
$
2,970

 
$
(389
)
 
$
(34
)
 
$
44

 
$
7,971

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
$
1

 
$
5,411

 
$
2,427

 
$
(881
)
 
$
—

 
$
75

 
$
7,033

Net Income (Loss)
—

 
—

 
(118
)
 
—

 
—

 
11

 
(107
)
Other Comprehensive Loss
—

 
—

 
—

 
(323
)
 
—

 
—

 
(323
)
Dividends Paid to Noncontrolling Interests
—

 
—

 
—

 
—

 
—

 
(18
)
 
(18
)
Equity Awards Granted, Vested and Exercised
—

 
12

 
—

 
—

 
—

 
—

 
12

Other
—

 
—

 
—

 
—

 
—

 
1

 
1

Balance at March 31, 2015
$
1

 
$
5,423

 
$
2,309

 
$
(1,204
)
 
$
—

 
$
69

 
$
6,598



The following table presents the changes in our accumulated other comprehensive income (loss) by component for the three months ended March 31, 2015 and 2014:
(Dollars in millions)
Currency Translation Adjustment
 
Defined Benefit Pension
 
Deferred Loss on Derivatives
 
Total
Balance at December 31, 2013
$
(140
)
 
$
(38
)
 
$
(9
)
 
$
(187
)
Other comprehensive loss
(202
)
 
—

 
—

 
(202
)
Balance at March 31, 2014
$
(342
)
 
$
(38
)
 
$
(9
)
 
$
(389
)
 
 
 
 
 
 
 
 
Balance at December 31, 2014
$
(813
)
 
$
(57
)
 
$
(11
)
 
$
(881
)
Other comprehensive income (loss) before reclassifications
(345
)
 
20

 
—

 
(325
)
Reclassifications
—

 
2

 
—

 
2

Net activity
(345
)
 
22

 
—

 
(323
)
Balance at March 31, 2015
$
(1,158
)
 
$
(35
)
 
$
(11
)
 
$
(1,204
)


The other comprehensive income before reclassifications from the defined benefit pension component of other comprehensive income relates to the conversion of one of our international pension plans from a defined benefit plan to a defined contribution plan.