Equity (Tables)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Schedule of Share Repurchases

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

(in millions, except average price)	2019		2018
Total number of shares purchased 1	3.4		5.0
Average price paid per share 2	$	184.51	$	178.11
Total cash utilized	$	644	$	1,100

¹  The three months ended March 31, 2019 and 2018 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 agreements as discussed in more detail below.

Schedule of Redeemable Noncontrolling Interest

Changes to redeemable noncontrolling interest during the three months ended March 31, 2019 were as follows:

(in millions)
Balance as of December 31, 2018	$	1,620
Net income attributable to noncontrolling interest	40
Capital contribution from noncontrolling interest	36
Distributions payable to noncontrolling interest	(34		)
Redemption value adjustment	(15		)
Balance as of March 31, 2019	$	1,647

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 three months ended March 31, 2019:

(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, 2018	$	(339	)	$	(407	)		$	4			$	(742	)
Other comprehensive income before reclassifications	19			85				6				110
Reclassifications from accumulated other comprehensive loss to net earnings	—			1			1	(2		)	2	(1		)
Net other comprehensive income	19			86				4				109
Balance as of March 31, 2019	$	(320	)	$	(321	)		$	8			$	(633	)

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.