ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Mar. 31, 2016

Summary of Changes in AOCI by Component

The following table is a net-of-tax summary of the changes in AOCI by component for the three months ended March 31, 2016 and 2015.

(in millions)	CTA			Pension and other employee benefits			Hedging activities			Available- for-sale securities			Total
Gains (losses)
Balance as of December 31, 2015	$	(3,191	)		$  (1,064	)		$  7			$  4,472			$      224
Other comprehensive income before reclassifications		92			(1	)		(3	)		22			110
Amounts reclassified from AOCI (a)		—			22			(3	)		(3,388	)		(3,369	)
Net other comprehensive (loss) income		92			21			(6	)		(3,366	)		(3,259	)
Balance as of March 31, 2016	$	(3,099	)		$  (1,043	)		$  1			$  1,106			$  (3,035	)
(in millions)	CTA			Pension and other employee benefits			Hedging activities			Available- for-sale- securities			Total
Gains (losses)
Balance as of December 31, 2014	$	(2,323	)		$  (1,427	)		$  34			$      66			$  (3,650	)
Other comprehensive income before reclassifications		(1,138	)		33			6			14			(1,085	)
Amounts reclassified from AOCI (a)		—			35			(16	)		7			26
Net other comprehensive (loss) income		(1,138	)		68			(10	)		21			(1,059	)
Balance as of March 31, 2015	$	(3,461	)		$  (1,359	)		$  24			$      87			$  (4,709	)

(a) See table below for details about these reclassifications.

Summary of Reclassification from AOCI to Net Income

The following is a summary of the amounts reclassified from AOCI to net income during the three months ended March 31, 2016 and 2015.

	Amounts reclassified from AOCI (a)
(in millions)	Three months ended March 31, 2016			Three months ended March 31, 2015			Location of impact in income statement
Amortization of pension and other employee benefits items
Actuarial losses and other (b)		$    (33	)		$ (50	)
		(33	)		(50	)	Total before tax
		11			15		Tax benefit
		$    (22	)		$ (35	)	Net of tax
Gains on hedging activities
Interest rate contracts		$       4			$  —		Net interest expense
Foreign exchange contracts		1			25		Cost of sales
		5			25		Total before tax
		(2	)		(9	)	Tax expense
		$       3			$  16		Net of tax
Available-for-sale-securities
Gains on sale of equity securities		$3,388			$  —		Other income, net
Other-than-temporary impairment of equity securities		—			(9	)	Other income, net
		3,388			(9	)	Total before tax
		—			2		Tax benefit
		3,388			$   (7	)	Net of tax
Total reclassification for the period		$3,369			$ (26	)	Total net of tax

(a) Amounts in parentheses indicate reductions to net income.

(b) These AOCI components are included in the computation of net periodic benefit cost disclosed in Note 10.