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Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Schedule of Repurchase Agreements The following table summarizes the Company’s Share Repurchase activity (in millions, except per share data):
 
Three Months Ended March 31
 
2019
 
2018
Shares repurchased
0.6

 
3.9

Average price per share
$
161.16

 
$
140.94

Costs recorded to retained earnings:

 

Total repurchase cost
$
100

 
$
550

Additional associated costs
1

 
3

Total costs recorded to retained earnings
$
101

 
$
553
Schedule of Components of Weighted Average Number of Shares Weighted average ordinary shares outstanding are as follows (in millions):
 
Three Months Ended March 31
 
2019
 
2018
Basic weighted average ordinary shares outstanding
242.2

 
248.5

Dilutive effect of potentially issuable shares
1.5

 
1.7

Diluted weighted average ordinary shares outstanding
243.7

 
250.2
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
 
Postretirement Benefit Obligation (2)
 
Total
Balance at December 31, 2018
$
(15
)
 
$
(1,319
)
 
$
(2,575
)
 
$
(3,909
)
Other comprehensive income before reclassifications, net
4

 
131

 
11

 
146

Amounts reclassified from accumulated other comprehensive income
 
 


 


 


Amounts reclassified from accumulated other comprehensive income
5

 
—

 
26

 
31

Tax expense
(2
)
 
—

 
(6
)
 
(8
)
Amounts reclassified from accumulated other comprehensive income, net
3

 
—

 
20

 
23

Net current period other comprehensive income
7

 
131

 
31

 
169

Balance at March 31, 2019
$
(8
)
 
$
(1,188
)
 
$
(2,544
)
 
$
(3,740
)
(1)
Reclassifications from this category included in Accumulated other comprehensive loss are recorded in Revenue, Interest expense, and Compensation and benefits. Refer to Note 15 “Derivatives and Hedging” for further 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).