COMPREHENSIVE INCOME (LOSS) AND SHAREHOLDERS' (DEFICIT) EQUITY The following table details the accumulated other comprehensive (loss) income activity for the 2015 first quarter: | | | | | | | | | | | | | | | | | ($ in millions) | Foreign Currency Translation Adjustments | | Derivative Instrument Adjustments | | Unrealized Gains on Available-For-Sale Securities | | Accumulated Other Comprehensive Loss | Balance at year-end 2014 | $ | (72 | ) | | $ | (9 | ) | | $ | 11 |
| | $ | (70 | ) | Other comprehensive (loss) income before reclassifications (1) | (26 | ) | | 9 |
| | (1 | ) | | (18 | ) | Reclassification of losses (gains) from accumulated other comprehensive loss | 3 |
| | (5 | ) | | — |
| | (2 | ) | Net other comprehensive (loss) income | (23 | ) | | 4 |
| | (1 | ) | | (20 | ) | Balance at March 31, 2015 | $ | (95 | ) | | $ | (5 | ) | | $ | 10 |
| | $ | (90 | ) |
| | (1) | Other comprehensive (loss) income before reclassifications related to foreign currency translation adjustments includes a gain of $44 million on intra-entity foreign currency transactions that are of a long-term investment nature. |
The following table details the effect on net income of significant amounts reclassified out of accumulated other comprehensive (loss) income for the 2015 first quarter: | | | | | | | | ($ in millions) | | Reclassification of Gains (Losses) from Accumulated Other Comprehensive Loss | | | | | Three Months Ended | | | Accumulated Other Comprehensive Loss Components | | March 31, 2015 | | Income Statement Line Item Affected | | | | | | | Foreign Currency Translation Adjustments | | | | | | Property disposition | | $ | (3 | ) | | Gains and other income | | | | (3 | ) | | Income before income taxes | | | | — |
| | Provision for income taxes | | | $ | (3 | ) | | Net income | | | | | | | Derivative instrument adjustments | | | | | | Cash flow hedges | | $ | 3 |
| | Base management and franchise fees | Net investment hedge - property disposition | | | 3 |
| | Gains and other income | Interest rate contracts | | | (1 | ) | | Interest expense | | | | 5 |
| | Income before income taxes | | | | — |
| | Provision for income taxes | | | $ | 5 |
| | Net income |
The following table details the changes in common shares outstanding and shareholders’ deficit for the 2015 first quarter: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions, except per share amounts) | | | Common Shares Outstanding | | | Total | | Class A Common Stock | | Additional Paid-in- Capital | | Retained Earnings | | Treasury Stock, at Cost | | Accumulated Other Comprehensive Loss | 279.9 |
| | Balance at year-end 2014 | $ | (2,200 | ) | | $ | 5 |
| | $ | 2,802 |
| | $ | 4,286 |
| | $ | (9,223 | ) | | $ | (70 | ) | — |
| | Net income | 207 |
| | — |
| | — |
| | 207 |
| | — |
| | — |
| — |
| | Other comprehensive income | (20 | ) | | — |
| | — |
| | — |
| | — |
| | (20 | ) | — |
| | Cash dividends ($0.20 per share) | (56 | ) | | — |
| | — |
| | (56 | ) | | — |
| | — |
| 1.9 |
| | Employee stock plan issuance | (37 | ) | | — |
| | (62 | ) | | (36 | ) | | 61 |
| | — |
| (5.5 | ) | | Purchase of treasury stock | (431 | ) | | — |
| | — |
| | — |
| | (431 | ) | | — |
| 276.3 |
| | Balance at March 31, 2015 | $ | (2,537 | ) | | $ | 5 |
| | $ | 2,740 |
| | $ | 4,401 |
| | $ | (9,593 | ) | | $ | (90 | ) |
|