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Shareholders' Equity
 12 Months Ended
Dec. 31, 2016
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders’ Equity

Under the authority of our Board of Directors, we repurchased shares of our Common Stock during 2016, 2015 and 2014.  All amounts exclude applicable transaction fees.  
 
 
 
Shares Repurchased
(thousands)
 
 
Dollar Value of Shares
Repurchased
 
Authorization Date
 
2016

 
 
2015

 
 
2014

 
 
2016

 
 
2015

 
 
2014

 
November 2016
 
1,337

 
 
—

 
 
—

 
 
$
85

 
 
$
—

 
 
$
—

 
May 2016
 
50,435

 
 
—

 
 
—

 
 
4,200

 
 
—

 
 
—

 
March 2016
 
2,823

 
 
—

 
 
—

 
 
229

 
 
—

 
 
—

 
December 2015
 
13,368

 
 
932

 
 
—

 
 
933

 
 
67

 
 
—

 
November 2014
 
—

 
 
13,231

 
 
—

 
 
—

 
 
1,000

 
 
—

 
November 2013
 
—

 
 
1,779

 
 
8,488

 
 
—

 
 
133

 
 
617

 
November 2012
 
—

 
 
—

 
 
2,737

 
 
—

 
 
—

 
 
203

 
Total
 
67,963

(a) 
 
15,942

 
 
11,225

 
 
$
5,447

(a) 
 
$
1,200

 
 
$
820

 

(a)
Includes the effect of $45 million in share repurchases (0.7 million shares) with trade dates prior to December 31, 2016 but settlement dates subsequent to December 31, 2016.

On November 17, 2016, our Board of Directors authorized share repurchases through December 2017 of up to $2.0 billion (excluding applicable transaction fees). On December 31, 2016 we have remaining capacity to repurchase up to $1.9 billion of our Common Stock under this authorization.

Changes in accumulated other comprehensive income (loss) ("OCI") are presented below.
 
 
Translation Adjustments and Gains (Losses) From Intra-Entity Transactions of a Long-Term Nature(a)
 
Pension and Post-Retirement Benefits(b)
 
Derivative Instruments(c)
 
Total
Balance at December 27, 2014, net of tax
$
29

 
$
(210
)
 
$
(9
)
 
$
(190
)
 
 
 
 
 
 
 
 
 
Gains (losses) arising during the year classified into accumulated OCI, net of tax
 
(250
)
 
63

 
28

 
(159
)
 
 
 
 
 
 
 
 
 
(Gains) losses reclassified from accumulated OCI, net of tax
 
112

 
34

 
(36
)
 
110

 
 
 
 
 
 
 
 
 
OCI, net of tax
 
(138
)
 
97

 
(8
)
 
(49
)
 
 
 
 
 
 
 
 
 
Balance at December 26, 2015, net of tax
$
(109
)
 
$
(113
)
 
$
(17
)
 
$
(239
)
 
 
 
 
 
 
 
 
 
Gains (losses) arising during the year classified into accumulated OCI, net of tax
 
(146
)
 
(42
)
 
29

 
(159
)
 
 
 
 
 
 
 
 
 
(Gains) losses reclassified from accumulated OCI, net of tax
 
(11
)
 
28

 
(5
)
 
12

 
 
 
 
 
 
 
 
 
OCI, net of tax
 
(157
)
 
(14
)
 
24

 
(147
)
 
 
 
 
 
 
 
 
 
Separation of China business
 
(47
)
 
—

 
—

 
(47
)
 
 
 
 
 
 
 
 
 
Balance at December 31,2016, net of tax
$
(313
)
 
$
(127
)
 
$
7

 
$
(433
)
 
 
 
 
 
 
 
 
 

(a)
Amounts reclassified from accumulated OCI during 2016 and 2015 are due to substantial liquidations of foreign entities related to Pizza Hut Australia and Mexico refranchising transactions, respectively.

(b)
Amounts reclassified from accumulated OCI for pension and post-retirement benefit plan losses during 2016 include amortization of net losses of $7 million, settlement charges of $32 million, amortization of prior service cost of $5 million and related income tax benefit of $16 million. Amounts reclassified from accumulated OCI for pension and post-retirement benefit plan losses during 2015 include amortization of net losses of $46 million, settlement charges of $5 million, amortization of prior service cost of $2 million and related income tax benefit of $19 million. See Note 15.

(c)    See Note 13 for details on amounts reclassified from accumulated OCI.