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Shareholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Schedule of components of weighted average number of shares
Weighted average shares outstanding are as follows (in millions):
 
Three months ended September 30,
 
Nine months ended September 30,
 
2016
 
2015
 
2016
 
2015
Shares for basic earnings per share
267.5

 
280.9

 
269.1

 
283.2

Common stock equivalents
2.1

 
2.9

 
1.9

 
2.7

Shares for diluted earnings per share
269.6

 
283.8

 
271.0

 
285.9
Components of Accumulated other comprehensive loss, net of related tax
Changes in Accumulated other comprehensive loss by component, net of related tax, are as follows (in millions):
 
Change in Fair Value of Financial Instruments (1)
 
Foreign Currency Translation Adjustments
 
Post-Retirement Benefit Obligation (2)
 
Total
Balance at December 31, 2015
$
(25
)
 
$
(771
)
 
$
(2,627
)
 
$
(3,423
)
Other comprehensive (loss) income before reclassifications, net
(16
)
 
(227
)
 
(234
)
 
(477
)
Amounts reclassified from accumulated other comprehensive loss:
 
 


 


 


Amounts reclassified from accumulated other comprehensive loss
7

 
—

 
136

 
143

Tax benefit
(2
)
 
—

 
(34
)
 
(36
)
Amounts reclassified from accumulated other comprehensive loss, net
5

 
—

 
102

 
107

Net current period other comprehensive (loss) income
(11
)
 
(227
)
 
(132
)
 
(370
)
Balance at September 30, 2016
$
(36
)
 
$
(998
)
 
$
(2,759
)
 
$
(3,793
)

(1) Reclassifications from this category included in Accumulated other comprehensive loss are recorded in Other income, Other general expenses, and Compensation and benefits. See Note 12 "Derivatives and Hedging" for additional information regarding the Company's derivative and hedging activity.
(2) Reclassifications from this category included in Accumulated other comprehensive loss are recorded in Compensation and benefits.