Equity (Tables)

3 Months Ended

Mar. 31, 2017

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



(in millions, except average price)	2017		2016
Total number of shares purchased	1.5		2.2
Average price paid per share ¹	$	129.97	$	91.98
Total cash utilized ¹	$	201	$	200


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, 2017 were as follows:



(in millions)
Balance as of December 31, 2016	$	1,080
Net income attributable to noncontrolling interest	30
Distributions payable to noncontrolling interest	(24		)
Redemption value adjustment	(6		)
Balance as of March 31, 2017	$	1,080

The following table summarizes the changes in the components of accumulated other comprehensive loss for the three months ended March 31, 2017:



(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, 2016	$	(332	)	$	(443	)		$	2			$	(773	)
Other comprehensive income before reclassifications	30			—				6				36
Reclassifications from accumulated other comprehensive loss to net earnings	—			3			¹	(1		)	²	2
Net other comprehensive income	30			3				5				38
Balance as of March 31, 2017	$	(302	)	$	(440	)		$	7			$	(735	)


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.