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Stockholders' Equity
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Treasury Stock and Accumulated Other Comprehensive Income (Loss)
TREASURY STOCK
Changes in treasury stock for the nine months ended September 30, 2017 and 2016 were as follows:
 
2017
 
2016
(millions, except share data)
Treasury Shares (000)
 
Treasury Stock
 
Treasury Shares (000)
 
Treasury Stock
Balance as of January 1

 
$

 

 
$

Repurchase of common stock for tax withholdings related to stock-based compensation
(115
)
 
(4
)
 
(84
)
 
(2
)
Repurchase of common stock under share repurchase program
(5,150
)
 
(153
)
 

 

Stock reissuances
227

 
7

 
84

 
2

Balance as of September 30
(5,038
)
 
$
(150
)
 

 
$


ACCUMULATED OTHER COMPREHENSIVE LOSS
Changes in the balances of each component of AOCI for the nine months ended September 30, 2017 and 2016 were as follows:
 
Derivatives
 
Defined Benefit Plans
 
Foreign
Currency Translation
 
AOCI
(millions)
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Balance as of January 1
$
27

 
$
20

 
$
(246
)
 
$
(221
)
 
$
(166
)
 
$
(113
)
 
$
(385
)
 
$
(314
)
Other comprehensive income (loss) before reclassifications, net of tax
(11
)
 
(6
)
 
(12
)
 
(9
)
 
58

 
(9
)
 
35

 
(24
)
Less: Amounts reclassified from AOCI, net of tax
(1
)
 
(6
)
 
(13
)
 
(1
)
 

 

 
(14
)
 
(7
)
Net other comprehensive income (loss)
(10
)
 

 
1

 
(8
)
 
58

 
(9
)
 
49

 
(17
)
Balance as of September 30
$
17

 
$
20

 
$
(245
)
 
$
(229
)
 
$
(108
)
 
$
(122
)
 
$
(336
)
 
$
(331
)

Amounts reclassified from AOCI, net of tax, for the three and nine months ended September 30, 2017 and 2016, were as follows:
 
Three months ended September 30,
 
Nine months ended September 30,
(millions)
2017
 
2016
 
2017
 
2016
Derivatives
 
 
 
 
 
 
 
Net reclassification from AOCI for cash flow hedges included in cost of products sold
$
(1
)
 
$
(3
)
 
$
(2
)
 
$
(9
)
Less: Income tax benefit on reclassification from AOCI included in income tax expense
(1
)
 
(1
)
 
(1
)
 
(3
)
Net amount reclassified from AOCI
$

 
$
(2
)
 
$
(1
)
 
$
(6
)
 
 
 
 
 
 
 
 
Defined Benefit Plans
 
 
 
 
 
 
 
Net reclassification from AOCI for amortization of prior service cost included in cost of products sold 
$
(3
)
 
$
(2
)
 
$
(7
)
 
$
(5
)
Net reclassification from AOCI for amortization of prior service cost included in selling and administrative expenses

 
1

 
(3
)
 
2

Net reclassification from AOCI for amortization of prior service cost included in (loss) income from discontinued operations, net of tax

 

 
(8
)
 

Less: Income tax benefit on reclassification from AOCI included in income tax expense
(2
)
 
(1
)
 
(5
)
 
(2
)
Net amount reclassified from AOCI
$
(1
)
 
$

 
$
(13
)
 
$
(1
)


We estimate that we will reclassify a net $5 million after-tax loss on derivatives from AOCI to earnings within the next 12 months.