Equity (Tables)

3 Months Ended

Mar. 31, 2016

Share repurchases for the three months ended March 31 were as follows:



(in millions, except average price)	2016		2015
Total number of shares purchased	2.2		1.1
Average price paid per share ¹	$	91.98	$	104.31
Total cash utilized¹	$	200	$	110


¹	In December of 2015, 0.3 million shares were repurchased for approximately $26 million, which settled in January of 2016. Cash used for financing activities only reflects those shares which settled during the three months ended March 31, 2016 resulting in $226 million of cash used to repurchase shares.

Changes to redeemable noncontrolling interest during the three months ended March 31, 2016 were as follows:



(in millions)
Balance as of December 31, 2015	$	920
Net income attributable to noncontrolling interest	26
Distributions payable to noncontrolling interest	(22		)
Redemption value adjustment	(4		)
Balance as of March 31, 2016	$	920

The following table summarizes the changes in the components of accumulated other comprehensive loss for the three months ended March 31, 2016:



(in millions)	Foreign Currency Translation Adjustment			Pension and Postretirement Benefit Plans				Unrealized Gain (Loss) on Forward Exchange Contracts				Accumulated Other Comprehensive Loss
Balance as of December 31, 2015	$	(193	)	$	(406	)		$	(1	)		$	(600	)
Other comprehensive income before reclassifications	14			—				4				18
Reclassifications from accumulated other comprehensive loss to net earnings	—			3			¹	(1		)	²	2
Net other comprehensive income	14			3				3				20
Balance as of March 31, 2016	$	(179	)	$	(403	)		$	2			$	(580	)


¹	See Note 6 — Employee Benefits for additional details of items reclassed from accumulated other comprehensive loss to net earnings.


²	See Note 5 — Derivative Instruments for additional details of items reclassed from accumulated other comprehensive loss to net earnings.