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Stockholders' Equity
 9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity

Share Repurchases

In August 2013, the Company obtained Board approval to repurchase up to $200 million of its common stock. In April 2014, the Company’s Board authorized a $235 million increase to the share repurchase program. During the nine months ended September 30, 2014, the Company repurchased approximately 3,961,000 shares of common stock at a cost of approximately $210 million under the program. During the nine months ended September 30, 2013, the Company repurchased approximately 860,000 shares of common stock at a cost of approximately $25 million under the program.

Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income were as follows: 
 
 
Currency
Translation
Adjustments(a)
 
Net Unrealized
Gains (Losses)
on Cash Flow
Hedges(b)
 
Net Unrealized
Gains (Losses) on
Available-for
Sale Securities(a)
 
Minimum
Pension
Liability
Adjustment(c)
 
Accumulated
Other
Comprehensive
Income
Balance, January 1, 2014
$
166

 
$
1

 
$
2

 
$
(52
)
 
$
117

 
Other comprehensive income (loss) before reclassifications
(71
)
 
(3
)
 
1

 
—

 
(73
)
 
Amounts reclassified from accumulated other comprehensive income
—

 
4

 
—

 
1

 
5

Net current-period other comprehensive income (loss)
(71
)
 
1

 
1

 
1

 
(68
)
Balance, September 30, 2014
$
95

 
$
2

 
$
3

 
$
(51
)
 
$
49

 
 
 
 
 
 
 
 
 
 
 
Balance, January 1, 2013
$
193

 
$
—

 
$
2

 
$
(85
)
 
$
110

 
Other comprehensive income (loss) before reclassifications
(21
)
 
1

 
1

 
13

 
(6
)
 
Amounts reclassified from accumulated other comprehensive income
—

 
—

 
—

 
6

 
6

Net current-period other comprehensive income (loss)
(21
)
 
1

 
1

 
19

 
—

Balance, September 30, 2013
$
172

 
$
1

 
$
3

 
$
(66
)
 
$
110

__________
All components of accumulated other comprehensive income are net of tax, except currency translation adjustments, which exclude income taxes related to indefinite investments in foreign subsidiaries and include a $20 million gain, net of tax, as of September 30, 2014 related to the Company’s hedge of its net investment in Euro-denominated foreign operations (See Note 14 - Financial Instruments).
(a) 
Amounts reclassified from accumulated other comprehensive income were not material for any period presented.
(b) 
For the three and nine months ended September 30, 2014, amounts reclassified from accumulated other comprehensive income into interest expense were $2 million ($1 million, net of tax) and $6 million ($4 million, net of tax), respectively. For the three and nine months ended September 30, 2013, amounts reclassified from accumulated other comprehensive income were not material.
(c) 
For the three and nine months ended September 30, 2014 amounts reclassified from accumulated other comprehensive income were not material. For the three and nine months ended September 30, 2013, amounts reclassified from accumulated other comprehensive income into selling, general and administrative expenses were $10 million ($6 million, net of tax).

Total Comprehensive Income

Comprehensive income consists of net income and other gains and losses affecting stockholders’ equity that, under GAAP, are excluded from net income.

The components of other comprehensive income were as follows: 
 

Three Months Ended 
 September 30,

Nine Months Ended 
 September 30,
 

2014

2013

2014

2013
Net income
$
192

 
$
118

 
$
222

 
$
44

Other comprehensive income (loss):
 
 
 
 
 
 
 

Currency translation adjustments (net of tax of $(18), $5, $(20), $5, respectively)
(79
)
 
39

 
(71
)
 
(21
)

Net unrealized gain (loss) on available-for-sale securities (net of tax of $0, $0, $0, and $0, respectively)
—

 
2

 
1

 
1


Net unrealized gain (loss) on cash flow hedges (net of tax of $(2), $0, $(1), $(1), respectively)
3

 
—

 
1

 
1


Minimum pension liability adjustment (net of tax of $0, $(12), $0, and $(12), respectively)
—

 
19

 
1

 
19

 
 
(76
)
 
60

 
(68
)
 
—

Total comprehensive income
$
116

 
$
178

 
$
154

 
$
44


__________
Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries.