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Capital Structure
9 Months Ended
Sep. 30, 2016
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, 2015

    398.739      $ 4      $      $ (265   $ (7,338   $ 1,553      $ (6,046

Comprehensive income

                         (76     1,970        377        2,271   

Repurchase of common stock

    (29.064            (155            (2,058            (2,213

Distributions

                                       (342     (342

Share-based benefit plans

    6.466               157                             157   

Other

                  (2                   12        10   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balances at September 30, 2016

    376.141      $ 4      $      $ (341   $ (7,426   $ 1,600      $ (6,163
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

On October 26, 2015, our board of directors authorized a share repurchase program for up to $3 billion of our outstanding common stock. During May 2016, the Company repurchased 9.361 million shares of its common stock beneficially owned by affiliates of Kohlberg Kravis Roberts & Co. at a purchase price of $80.12 per share, the closing price of the Company’s common stock on the New York Stock Exchange on May 10, 2016, less a discount of 1%. During the nine months ended September 30, 2016, we also repurchased 19.703 million shares of our common stock at an average price of $74.28 per share through market purchases, resulting in total repurchases of 29.064 million shares of our common stock at an average price of $76.16 per share for the nine months ended September 30, 2016 pursuant to the $3.0 billion share repurchase program authorized during October 2015. At September 30, 2016, we had $390 million of repurchase authorization available under the October 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, 2015

   $ 13       $ (74   $ (135   $ (69   $ (265

Unrealized gains on available-for-sale securities, net of $1 of income taxes

     2         —          —          —          2   

Foreign currency translation adjustments, net of $66 income tax benefit

     —           (103     —          —          (103

Change in fair value of derivative instruments, net of $21 income tax benefit

     —           —          —          (36     (36

Expense reclassified into operations from other comprehensive income, net of $5 and $31, respectively, income tax benefits

     —           —          8        53        61   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Balances at September 30, 2016

   $ 15       $ (177   $ (127   $ (52   $ (341