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Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Schedule of Components of Weighted Average Number of Shares
Weighted average ordinary shares outstanding are as follows (in millions):
 
Three months ended March 31
 
2018
 
2017
Basic weighted average ordinary shares outstanding
248.5

 
264.8

Dilutive effect of potentially issuable shares
1.7

 
2.2

Diluted weighted average ordinary shares outstanding
250.2

 
267.0
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, 2017
$
(25
)
 
$
(879
)
 
$
(2,592
)
 
$
(3,496
)
Adoption of new accounting guidance (3)
(1
)
 
—

 
—

 
(1
)
Balance at January 1, 2018
(26
)
 
(879
)
 
(2,592
)
 
(3,497
)
Other comprehensive income before reclassifications, net
11

 
244

 
22

 
277

Amounts reclassified from accumulated other comprehensive loss:
 
 


 


 


Amounts reclassified from accumulated other comprehensive income
4

 
—

 
34

 
38

Tax expense
(1
)
 
—

 
(8
)
 
(9
)
Amounts reclassified from accumulated other comprehensive income, net
3

 
—

 
26

 
29

Net current period other comprehensive income
14

 
244

 
48

 
306

Balance at March 31, 2018
$
(12
)
 
$
(635
)
 
$
(2,544
)
 
$
(3,191
)
(1)
Reclassifications from this category included in Accumulated other comprehensive loss are recorded in Other income (expense), Other general expenses, and Compensation and benefits. See Note 15 “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 Other income (expense).
(3)
Refer to Note 2 “Accounting Principles and Practices” for further information.