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Shareholders' Equity
 9 Months Ended
Sep. 30, 2013
Equity [Abstract]  
Shareholders' Equity
Shareholders’ Equity
 
Ordinary Shares
 
In April 2012, the Company’s Board of Directors authorized a share repurchase program under which up to $5.0 billion of Class A Ordinary Shares may be repurchased (“2012 Share Repurchase Program”). Under this program, shares may be repurchased through the open market or in privately negotiated transactions, from time to time, based on prevailing market conditions, and will be funded from available capital.
 
In the third quarter of 2013, the Company repurchased 7.3 million shares at an average price per share of $68.33 for a total cost of $500 million under the 2012 Share Repurchase Program. During the nine months ended September 30, 2013, the Company repurchased 15.8 million shares at an average price per share of $64.79 for a total cost of $1.0 billion under the 2012 Share Repurchase Program.  In the third quarter of 2012, the Company repurchased 5.4 million shares at an average price per share of $51.37 for a total cost of $275 million under the 2012 Share Repurchase Program. During the nine months ended September 30, 2012, the Company repurchased 12.7 million shares at an average price per share of $49.22 for a total cost of $625 million under the 2012 Share Repurchase Program and the previously completed 2010 Share Repurchase Program. The remaining authorized amount for share repurchase under the 2012 Share Repurchase Program is $3.0 billion. Since the inception of the 2012 Share Repurchase Program, the Company repurchased a total of 35.3 million shares for an aggregate cost of $2.0 billion.
 
Participating Securities
 
Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, are participating securities, as defined, and therefore, should be included in computing basic and diluted earnings per share using the two class method.  Certain of the Company’s restricted share awards allow the holder to receive a non-forfeitable dividend equivalent.
 
Income from continuing operations, income from discontinued operations and net income, attributable to participating securities, were as follows (in millions):
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
2013
 
2012
 
2013
 
2012
Income from continuing operations
$
3

 
$
2

 
$
8

 
$
8

Income from discontinued operations
—

 
—

 
—

 
—

Net income
$
3

 
$
2

 
$
8

 
$
8



 Weighted average shares outstanding are as follows (in millions):
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
2013
 
2012
 
2013
 
2012
Shares for basic earnings per share (1) 
309.5

 
327.3

 
313.2

 
330.6

Common stock equivalents
3.4

 
3.7

 
3.5

 
3.8

Shares for diluted earnings per share
312.9

 
331.0

 
316.7

 
334.4

   ______________________________________________
(1) Includes 3.8 million and 4.5 million of participating securities for the three months ended September 30, 2013 and 2012, respectively, and 4.0 million and 4.7 million of participating securities for the nine months ended September 30, 2013 and 2012, respectively.
 
Certain ordinary share equivalents were not included in the computation of diluted net income per share because their inclusion would have been antidilutive.  There were no shares excluded from the calculation for the three and nine months ended September 30, 2013. The number of shares excluded from the calculation was 0.1 million for both the three and nine months ended September 30, 2012, respectively.
 
Accumulated Other Comprehensive Loss
 
Changes in Accumulated other comprehensive loss by component, net of related tax, are as follows (in millions):
 
Change in Fair Value of Investments (1)
 
Change in Fair Value of Derivatives (1)
 
Foreign Currency Translation Adjustments
 
Post-Retirement Benefit Obligation (2)
 
Total
Balance at December 31, 2012
$
—

 
$
(28
)
 
$
233

 
$
(2,815
)
 
$
(2,610
)
Other comprehensive income (loss) before reclassifications, net
12

 
(24
)
 
(78
)
 
(4
)
 
(94
)
Amounts reclassified from accumulated other comprehensive loss:
 
 


 


 


 


Amounts reclassified from accumulated other comprehensive loss
(20
)
 
20

 
—

 
100

 
100

Tax benefit
7

 
(8
)
 
—

 
(31
)
 
(32
)
Amounts reclassified from accumulated other comprehensive loss, net
(13
)
 
12

 
—

 
69

 
68

Net current period other comprehensive (loss) income
(1
)
 
(12
)
 
(78
)
 
65

 
(26
)
Balance at September 30, 2013
$
(1
)
 
$
(40
)
 
$
155

 
$
(2,750
)
 
$
(2,636
)
______________________________________________
(1) Reclassifications from Accumulated other comprehensive loss are recorded in Other income
(2) Reclassifications from Accumulated other comprehensive loss are recorded in Compensation and benefits