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Shareholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Schedule of components of weighted average number of shares
Weighted average shares outstanding are as follows (in millions):
 
Three months ended June 30
 
Six months ended June 30
 
2017
 
2016
 
2017
 
2016
Basic weighted-average ordinary shares outstanding
262.4

 
268.0

 
263.6

 
269.9

Dilutive effect of potentially issuable shares
—

 
1.8

 
2.1

 
1.8

Diluted weighted-average ordinary shares outstanding
262.4

 
269.8

 
265.7

 
271.7
Components of Accumulated other comprehensive loss, net of related tax
Changes in Accumulated other comprehensive loss by component, net of related tax, are as follows (in millions):
 
Change in Fair Value of Financial Instruments (1) 
 
Foreign Currency Translation Adjustments
 
Post-Retirement Benefit Obligation (2)
 
Total
Balance at December 31, 2016
$
(37
)
 
$
(1,264
)
 
$
(2,611
)
 
$
(3,912
)
Other comprehensive income (loss) before reclassifications, net
5

 
206

 
—

 
211

Amounts reclassified from accumulated other comprehensive loss:
 
 


 


 


Amounts reclassified from accumulated other comprehensive income (loss)
(6
)
 
(11
)
 
54

 
37

Tax benefit (expense)
3

 
—

 
(16
)
 
(13
)
Amounts reclassified from accumulated other comprehensive income (loss), net
(3
)
 
(11
)
 
38

 
24

Net current period other comprehensive income (loss)
2

 
195

 
38

 
235

Balance at June 30, 2017
$
(35
)
 
$
(1,069
)
 
$
(2,573
)
 
$
(3,677
)
(1)
Reclassifications from this category included in Accumulated other comprehensive loss are recorded in Other income (expense), Other general expenses, and Compensation and benefits. See Note 14 “Derivatives and Hedging” for additional information regarding the Company’s derivative and hedging activity.
(2)
Reclassifications from this category included in Accumulated other comprehensive loss are recorded in Compensation and benefits.