Equity

3 Months Ended

Mar. 31, 2021

5. EQUITY

Share Activity

There was no significant share activity during the three months ended March 31, 2021 and 2020.

Common Stock Dividends

On April 16, 2021, our board of directors declared a quarterly cash dividend of $0.98 per common share payable on June 8, 2021 to holders of record at the close of business on May 17, 2021.

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss by component, net of tax, were as follows (in millions):


	Three Months Ended March 31,
	2021								2020
	Foreign Currency Translation Adjustment		Defined Benefit Plans Items		Gains (Losses) on Cash Flow Hedges		Total		Foreign Currency Translation Adjustment		Defined Benefit Plans Items		Gains (Losses) on Cash Flow Hedges		Total
Balance as of beginning of period	$	(515)	$	(737)	$	(2)	$	(1,254)	$	(676)	$	(672)	$	(3)	$	(1,351)
Other comprehensive income (loss) before reclassifications	76		1		(5)		72		(606)		—		21		(585)
Amounts reclassified from accumulated other comprehensive loss	—		8		9		17		—		9		(10)		(1)
Other comprehensive income (loss)	76		9		4		89		(606)		9		11		(586)
Balance as of end of period	$	(439)	$	(728)	$	2	$	(1,165)	$	(1,282)	$	(663)	$	8	$	(1,937)