Stockholders' Equity

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Common stock — Our Board of Directors declared a quarterly cash dividend of six cents per share of common stock in the second and third quarters of 2015 and five cents per share of common stock in the first quarter of 2015. Dividends accrue on restricted stock units (RSUs) granted under our stock compensation program and will be paid in cash or additional units when the underlying units vest.

Share repurchase program — Our Board of Directors approved a share repurchase program of $1,400, expiring on December 31, 2015. Under the program, we spent $245 to repurchase 12,482,277 shares of our common stock during the first nine months of 2015 through open market transactions. Approximately $66 remained available under the program for future share repurchases as of September 30, 2015.

Changes in equity —

	2015									2014
Three Months Ended September 30,	Attributable to Parent			Attributable to Non- controlling Interests			Total Equity			Attributable to Parent			Attributable to Non- controlling Interests			Total Equity
Balance, June 30	$	1,006		$	103		$	1,109		$	1,322		$	104		$	1,426
Total comprehensive income (loss)	66			—			66			(22		)	1			(21		)
Preferred stock dividends							—			(2		)				(2		)
Common stock dividends	(9		)				(9		)	(7		)				(7		)
Distributions to noncontrolling interests				(2		)	(2		)				(1		)	(1		)
Common stock share repurchases	(119		)				(119		)	(68		)				(68		)
Stock compensation	7						7			6						6
Stock withheld for employee taxes	(1		)				(1		)							—
Balance, September 30	$	950		$	101		$	1,051		$	1,229		$	104		$	1,333
Nine Months Ended September 30,
Balance, December 31	$	1,080		$	100		$	1,180		$	1,309		$	104		$	1,413
Total comprehensive income	128			14			142			114			8			122
Preferred stock dividends							—			(7		)				(7		)
Common stock dividends	(27		)				(27		)	(23		)				(23		)
Distributions to noncontrolling interests				(8		)	(8		)				(8		)	(8		)
Share conversion							—			3						3
Common stock share repurchases	(245		)				(245		)	(181		)				(181		)
Derecognition of noncontrolling interests				(5		)	(5		)							—
Stock compensation	17						17			16						16
Stock withheld for employee taxes	(3		)				(3		)	(2		)				(2		)
Balance, September 30	$	950		$	101		$	1,051		$	1,229		$	104		$	1,333

Changes in each component of accumulated other comprehensive income (AOCI) of the parent —

	Parent Company Stockholders
	Foreign Currency Translation			Hedging			Investments			Defined Benefit Plans			Accumulated Other Comprehensive Income (Loss)
Balance, June 30, 2015	$	(512	)	$	(7	)	$	5		$	(543	)	$	(1,057	)
Other comprehensive income (loss):
Currency translation adjustments	(66		)										(66		)
Holding gains and losses				(4		)	(5		)				(9		)
Reclassification of amount to net income (a)				5									5
Actuarial gain on census update										13			13
Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b)										5			5
Tax expense										(1		)	(1		)
Other comprehensive income (loss)	(66		)	1			(5		)	17			(53		)
Balance, September 30, 2015	$	(578	)	$	(6	)	$	—		$	(526	)	$	(1,110	)
Balance, June 30, 2014	$	(240	)	$	1		$	6		$	(478	)	$	(711	)
Other comprehensive income:
Currency translation adjustments	(113		)										(113		)
Holding gains and losses				(5		)	(2		)				(7		)
Venezuelan bolivar devaluation										1			1
Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b)										6			6
Tax expense				1									1
Other comprehensive income (loss)	(113		)	(4		)	(2		)	7			(112		)
Balance, September 30, 2014	$	(353	)	$	(3	)	$	4		$	(471	)	$	(823	)

	Parent Company Stockholders
	Foreign Currency Translation			Hedging			Investments			Defined Benefit Plans			Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2014	$	(427	)	$	(9	)	$	5		$	(566	)	$	(997	)
Other comprehensive income (loss):
Currency translation adjustments	(149		)										(149		)
Holding loss on net investment hedge	(2		)										(2		)
Holding gains and losses				(13		)	(5		)				(18		)
Reclassification of amount to net income (a)				16									16
Actuarial gain on census update										13			13
Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b)										18			18
Elimination of net prior service costs and actuarial losses of disposal group										10			10
Tax expense										(1		)	(1		)
Other comprehensive income (loss)	(151		)	3			(5		)	40			(113		)
Balance, September 30, 2015	$	(578	)	$	(6	)	$	—		$	(526	)	$	(1,110	)
Balance, December 31, 2013	$	(242	)	$	—		$	3		$	(488	)	$	(727	)
Other comprehensive income (loss):
Currency translation adjustments	(111		)										(111		)
Holding gains and losses				(4		)	3						(1		)
Reclassification of amount to net income (a)							(2		)				(2		)
Venezuelan bolivar devaluation										4			4
Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b)										14			14
Tax expense				1						(1		)	—
Other comprehensive income (loss)	(111		)	(3		)	1			17			(96		)
Balance, September 30, 2014	$	(353	)	$	(3	)	$	4		$	(471	)	$	(823	)

(a) Foreign currency contract and investment reclassifications are included in other income, net.

(b) See Note 8 for additional details.

Upon completion of the divestiture of our operations in Venezuela in January 2015, we eliminated the unrecognized pension expense and the noncontrolling interest related to our former Venezuelan subsidiaries. See Note 2 for additional information regarding the disposal group held for sale at the end of 2014 and divested in January 2015.