Shareholders’ (Deficiency) Equity

The following summarizes our shareholders’ equity activity for the first quarter of 2019 and 2018:



(Dollars in millions)	Par Value of Issued Shares		Capital in Excess of Par Value		Retained Deficit			Accumulated Other Comprehensive Loss			Non-controlling Interests			Total Shareholders’ Deficiency
Balance at December 31, 2017	$	1	$	6,655	$	(5,763	)	$	(1,519	)	$	55		$	(571	)
Net Income (Loss)	—		—		(245		)	—			3			(242		)
Other Comprehensive Income	—		—		—			5			—			5
Dividends Paid to Noncontrolling Interests	—		—		—			—			(4		)	(4		)
Equity Awards Granted, Vested and Exercised	—		17		—			—			—			17
Adoption of Intra-Entity Transfers of Assets Other Than Inventory and Revenue from Contracts with Customers	—		—		(97		)	—			—			(97		)
Other	—		4		—			—			(10		)	(6		)
Balance at March 31, 2018	$	1	$	6,676	$	(6,105	)	$	(1,514	)	$	44		$	(898	)

Balance at December 31, 2018	$	1	$	6,711	$	(8,671	)	$	(1,746	)	$	39		$	(3,666	)
Net Income (Loss)	—		—		(481		)	—			4			(477		)
Other Comprehensive Income	—		—		—			33			—			33
Dividends Paid to Noncontrolling Interests	—		—		—			—			(5		)	(5		)
Equity Awards Granted, Vested and Exercised	—		8		—			—			—			8
Other	—		—		—			—			1			1
Balance at March 31, 2019	$	1	$	6,719	$	(9,152	)	$	(1,713	)	$	39		$	(4,106	)

The following table presents the changes in our accumulated other comprehensive loss by component for the first quarter of 2019 and 2018:



(Dollars in millions)	Currency Translation Adjustment			Defined Benefit Pension			Deferred Loss on Derivatives			Total
Balance at December 31, 2017	$	(1,484	)	$	(26	)	$	(9	)	$	(1,519	)

Other Comprehensive Income before Reclassifications	5			—			—			5
Net activity	5			—			—			5

Balance at March 31, 2018	$	(1,479	)	$	(26	)	$	(9	)	$	(1,514	)

Balance at December 31, 2018	$	(1,724	)	$	(14	)	$	(8	)	$	(1,746	)

Other Comprehensive Income before Reclassifications	33			—			—			33
Net activity	33			—			—			33

Balance at March 31, 2019	$	(1,691	)	$	(14	)	$	(8	)	$	(1,713	)