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Redeemable Noncontrolling Interests
 3 Months Ended
Mar. 31, 2019
Noncontrolling Interest [Abstract]  
Redeemable Noncontrolling Interests
Redeemable Noncontrolling Interests

Some minority equity owners in certain of the Company's subsidiaries have the right, at certain times, to require the Company to acquire their ownership interest in those entities at fair value. ASC 480, “Distinguishing Liabilities from Equity,” is applicable for noncontrolling interests where the Company is, or may be, required to purchase all or a portion of the outstanding interest in a subsidiary from the noncontrolling interest holder under the terms of a put option contained in contractual agreements. The components of the change in the redeemable noncontrolling interests for the three months ended March 31, 2019 and the year ended December 29, 2018 are presented in the following table:

 
 
March 31,
 
December 29,
Dollars in millions
 
2019
 
2018
Balance, beginning of period
 
$
92

 
$
367

Decrease in redeemable noncontrolling interests due to redemptions
 
(70
)
 
(383
)
Increase in redeemable noncontrolling interests due to business acquisitions
 
—

 
6

Net income attributable to redeemable noncontrolling interests
 
(1
)
 
7

Dividends paid
 
—

 
(10
)
Effect of foreign currency translation loss attributable to redeemable noncontrolling interests
 
—

 
(2
)
Change in fair value of redeemable securities
 
(4
)
 
107

Balance, end of period
 
$
17

 
$
92



Changes in the estimated redemption amounts of the noncontrolling interests subject to put options are adjusted at each reporting period with a corresponding adjustment to Additional paid-in capital. Future reductions in the carrying amounts are subject to a “floor” amount that is equal to the fair value of the redeemable noncontrolling interests at the time they were originally recorded. The recorded value of the redeemable noncontrolling interests cannot go below the floor level.