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Capital Structure
9 Months Ended
Sep. 30, 2015
Text Block [Abstract]  
Capital Structure

NOTE 10 — CAPITAL STRUCTURE

The changes in stockholders’ deficit, including changes in stockholders’ deficit attributable to HCA Holdings, Inc. and changes in equity attributable to noncontrolling interests, are as follows (dollars and shares in millions):

 

    Equity (Deficit) Attributable to HCA Holdings, Inc.     Equity
Attributable to
Noncontrolling
Interests
    Total  
    Common Stock     Capital in
Excess of
Par
Value
    Accumulated
Other
Comprehensive
Loss
    Retained
Deficit
     
    Shares     Par Value            

Balances at December 31, 2014

    420.478      $ 4      $      $ (323   $ (7,575   $ 1,396      $ (6,498

Comprehensive income

                         14        1,547        411        1,972   

Repurchase of common stock

    (17.629            (425            (961            (1,386

Distributions

                                       (367     (367

Share-based benefit plans

    9.789               433                             433   

Other

                  (8                   42        34   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balances at September 30, 2015

    412.638      $ 4      $      $ (309   $ (6,989   $ 1,482      $ (5,812
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

On April 18, 2015, the Company entered into an agreement to repurchase 3,806,460 shares of its common stock beneficially owned by affiliates of Bain Capital Investors, LLC (“the Bain Entities”) and certain charitable organizations that received shares of common stock as charitable contributions from certain partners and other employees of the Bain Entities at a purchase price of $77.26 per share, the closing price of the Company’s common stock on the New York Stock Exchange on April 17, 2015, less a discount of 1% (the “Share Repurchase”). The Share Repurchase was made pursuant to the authorization of our Board of Directors in February 2015 to repurchase up to $1.0 billion of our outstanding common stock. During May 2015, our Board of Directors authorized an additional share repurchase program for up to $1.0 billion of our outstanding common stock. During the nine months ended September 30, 2015, we repurchased 13,822,818 shares of our common stock at an average price of $78.96 per share through market purchases, resulting in total repurchases pursuant to the February 2015 and May 2015 authorizations of 17,629,278 shares of our common stock at an average price of $78.60 per share. At September 30, 2015, we had no repurchase authorization remaining under the $1.0 billion February 2015 authorization and $614 million of repurchase authorization available under the $1.0 billion May 2015 authorization.

 

The components of accumulated other comprehensive loss are as follows (dollars in millions):

 

     Unrealized
Gains on
Available-
for-Sale
Securities
    Foreign
Currency
Translation
Adjustments
    Defined
Benefit
Plans
    Change
in Fair
Value of
Derivative
Instruments
    Total  

Balances at December 31, 2014

   $ 13      $ (36   $ (174   $ (126   $ (323

Unrealized losses on available-for-sale securities, net of income tax benefit

     (2                          (2

Foreign currency translation adjustments, net of $17 income tax benefit

            (24                   (24

Change in fair value of derivative instruments, net of $17 income tax benefit

                          (30     (30

Expense reclassified into operations from other comprehensive income, net of $6 and $34, respectively, income tax benefits

                   11        59        70   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balances at September 30, 2015

   $ 11      $ (60   $ (163   $ (97   $ (309