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STOCKHOLDERS’ EQUITY AND EQUITY-BASED INCENTIVE PLANS (Tables)
3 Months Ended
Mar. 31, 2019
Accumulated Other Comprehensive Income Loss [Line Items]  
Changes in the Number of Shares Outstanding and Treasury Shares Held by the Company

Shares Outstanding and Treasury SharesThe changes in the number of shares outstanding and treasury shares held by us are as follows (in millions):

 

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Shares outstanding

 

 

 

 

 

 

 

 

Beginning balance

 

 

181

 

 

 

95

 

Common stock issued

 

 

2

 

 

 

1

 

Purchase of common stock

 

 

(1

)

 

 

-

 

Ending balance

 

 

182

 

 

 

95

 

 

 

 

 

 

 

 

 

 

Shares held as Treasury shares

 

 

 

 

 

 

 

 

Beginning balance

 

 

3

 

 

 

3

 

Purchase of common stock

 

 

1

 

 

 

-

 

Retirement of common stock

 

 

(1

)

 

 

-

 

Ending balance

 

 

3

 

 

 

3

 

 

 

 

 

 

 

 

 

 

Ordinary shares issued at the end of the period (1)

 

 

184

 

 

 

98

 

(1)

Amounts in this table may not sum due to rounding.

Components of Accumulated Other Comprehensive Income (Loss) Included in Stockholders' Equity The components of AOCI included in stockholders’ equity are as follows:

 

 

March 31, 2019

 

 

December 31, 2018

 

 

 

(In millions)

 

Foreign currency translation adjustments ("CTA")

 

$

(112

)

 

$

(73

)

Net unrealized loss on derivative financial instruments

 

 

(59

)

 

 

(40

)

Defined benefit pension and other postretirement plans

 

 

6

 

 

 

6

 

Accumulated other comprehensive loss

 

$

(165

)

 

$

(107

)

 

Reclassifications [Member]  
Accumulated Other Comprehensive Income Loss [Line Items]  
Components of Accumulated Other Comprehensive Income (Loss) Included in Stockholders' Equity

The following table presents the components of AOCI and the amounts that were reclassified during the periods indicated:

 

 

 

Foreign currency translation adjustments

 

 

Net unrealized loss on derivative financial instruments (1)

 

 

Defined benefit pension and other postretirement plans

 

 

TOTAL

 

 

 

(In millions)

 

December 31, 2017

 

$

(49

)

 

$

(1

)

 

$

-

 

 

$

(50

)

Other comprehensive income before reclassification

 

 

(1

)

 

 

-

 

 

 

-

 

 

 

(1

)

Amounts reclassified from AOCI (2)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Net current period other comprehensive income

 

 

(1

)

 

 

-

 

 

 

-

 

 

 

-

 

March 31, 2018

 

$

(50

)

 

$

(1

)

 

$

-

 

 

$

(51

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

(73

)

 

 

(40

)

 

 

6

 

 

 

(107

)

Other comprehensive income before reclassification

 

 

(39

)

 

 

(22

)

 

 

-

 

 

 

(61

)

Amounts reclassified from AOCI (2)

 

 

-

 

 

 

3

 

 

 

-

 

 

 

3

 

Net current period other comprehensive income

 

 

(39

)

 

 

(19

)

 

 

-

 

 

 

(58

)

March 31, 2019

 

$

(112

)

 

$

(59

)

 

$

6

 

 

$

(165

)

 

(1)

Refer to Note 16, Derivative Financial Instruments, for additional details.

(2)

Amounts are net of tax, which was not material in three months ended March 31, 2019 and 2018.