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Equity (Tables)
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Schedule of Dividend History
 
Year Ended December 31,
 
2018
 
2017
 
2016
Quarterly dividend rate
$
0.50

 
$
0.41

 
$
0.36

Annualized dividend rate
$
2.00

 
$
1.64

 
$
1.44

Dividends paid (in millions)
$
503

 
$
421

 
$
380
Schedule of Share Repurchases
Share repurchases were as follows: 
(in millions, except average price)
Year Ended December 31,
 
2018
 
2017
 
2016
Total number of shares purchased 1
$
8.4

 
$
6.8

 
$
9.7

Average price paid per share 2
$
197.21

 
$
147.74

 
$
113.36

Total cash utilized 2
$
1,660

 
$
1,001

 
$
1,097

1 
2018, 2017 and 2016 includes shares received as part of our accelerated share repurchase agreements as described in more detail below.
2
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 year ended December 31, 2018, 2017 and 2016 resulting in $1,660 million, $1,001 million and $1,123 million of cash used to repurchase shares, respectively.
Schedule of Redeemable Noncontrolling Interest Rollforward
Changes to redeemable noncontrolling interest during the year ended December 31, 2018 were as follows:
(in millions)
 
Balance as of December 31, 2017
$
1,352

Net income attributable to noncontrolling interest
151

Distributions to noncontrolling interest
(111
)
Redemption value adjustment
228

Balance as of December 31, 2018
$
1,620
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 year ended December 31, 2018:
(in millions)
Foreign Currency Translation Adjustment
 
Pension and Postretirement Benefit Plans 1
 
Unrealized Gain (Loss) on Forward Exchange Contracts 2
 
Unrealized Loss on Investment 3
 
Accumulated Other Comprehensive Loss
Balance as of December 31, 2017
$
(239
)
 
$
(402
)
 
$
2

 
(10
)
 
$
(649
)
Other comprehensive loss before reclassifications
(100
)
 
(19
)
 
(2
)
 
—

 
(121
)
Reclassifications from accumulated other comprehensive loss to net earnings
—

 
14

 
4

 
—

 
18

Net other comprehensive (loss) income
(100
)
 
(5
)
 
2

 
—

 
(103
)
Amounts reclassified to retained income
—

 
—

 
—

 
10

 
10

Balance as of December 31, 2018
$
(339
)
 
$
(407
)
 
$
4

 
$
—

 
$
(742
)
1 
See Note 7 — Employee Benefits for additional details of items reclassed from accumulated other comprehensive loss to net earnings.
2 
See Note 6 — Derivative Instruments for additional details of items reclassed from accumulated other comprehensive loss to net earnings.
3 
On January 1, 2018, the unrealized loss on investments was reclassified to retained income. See Note 1 - Accounting Policies for additional details.