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Equity (Tables)
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Schedule of share repurchases
Share repurchases for the periods ended September 30 were as follows: 
(in millions, except average price)
Three Months
 
Nine Months
 
2017
 
2016
 
2017
 
2016
Total number of shares purchased 1
2.8

 
5.3

 
5.4

 
8.8

Average price paid per share 2
$
—

 
$
—

 
$
133.01

 
$
98.05

Total cash utilized 3
$
500

 
$
750

 
$
846

 
$
1,097


1 
The three and nine months ended September 30, 2017 and 2016 include shares received as part of our accelerated share repurchase agreements described in more detail below.
2 
Average price paid per share information does not include the accelerated share repurchase transactions as discussed in more detail below.
3 
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 nine months ended September 30, 2016 resulting in $1,123 million of cash used to repurchase shares.
Schedule of redeemable noncontrolling interest
Changes to redeemable noncontrolling interest during the nine months ended September 30, 2017 were as follows:
(in millions)
 
Balance as of December 31, 2016
$
1,080

Net income attributable to noncontrolling interest
95

Distributions payable to noncontrolling interest
(76
)
Redemption value adjustment
62

Balance as of September 30, 2017
$
1,161
Schedule of changes in the components of accumulated other comprehensive loss
The following table summarizes the changes in the components of accumulated other comprehensive loss for the nine months ended September 30, 2017:
(in millions)
Foreign Currency Translation Adjustment
 
Pension and Postretirement Benefit Plans
 
Unrealized Gain (Loss) on Forward Exchange Contracts
 
Unrealized Loss on Investment
 
Accumulated Other Comprehensive Loss
Balance as of December 31, 2016
$
(332
)
 
$
(443
)
 
$
2

 
—

 
$
(773
)
Other comprehensive income before reclassifications
96

 
(1
)
 
8

 
(10
)
 
93

Reclassifications from accumulated other comprehensive loss to net earnings
—

 
8

1 

(6
)
2 

—

 
2

Net other comprehensive income
96

 
7

 
2

 
(10
)
 
95

Balance as of September 30, 2017
$
(236
)
 
$
(436
)
 
$
4

 
$
(10
)
 
$
(678
)
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.