Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

9. Accumulated Other Comprehensive Loss

A summary of accumulated other comprehensive loss for the three months ended March 31, 2013 and 2012 is provided below:

				Deferred						Unrealized			Accumulated
	Currency			Gain/(Loss)			Pension			Loss			Other
	Translation			on Hedging			Liability			on			Comprehensive
(in millions)	Adjustment			Activities			Adjustment			Investment			Loss
Balance, December 31, 2012	$	(335	)	$	(17	)	$	(121	)	$	(2	)	$	(475	)
Losses on cash flow hedges, net of income tax effect of $4				(9		)							(9		)
Amount of gains on cash flow hedges reclassified to earnings, net of income tax effect of $6				(12		)							(12		)
Losses related to pension and other postretirement obligations reclassified to earnings, net of income tax effect							1						1
Currency translation adjustment	(22		)										(22		)
Balance, March 31, 2013	$	(357	)	$	(38	)	$	(120	)	$	(2	)	$	(517	)

				Deferred						Unrealized			Accumulated
	Currency			Gain/(Loss)			Pension			Loss			Other
	Translation			on Hedging			Liability			on			Comprehensive
(in millions)	Adjustment			Activities			Adjustment			Investment			Loss
Balance, December 31, 2011	$	(306	)	$	(35	)	$	(70	)	$	(2	)	$	(413	)
Losses on cash flow hedges, net of income tax effect of $16				(29		)							(29		)
Amount of losses on cash flow hedges reclassified to earnings, net of income tax effect of $2				5									5
Currency translation adjustment	36												36
Balance, March 31, 2012	$	(270	)	$	(59	)	$	(70	)	$	(2	)	$	(401	)

The following table provides detail pertaining to reclassifications from AOCI into net income for the periods presented:

	Amount Reclassified from AOCI						Affected Line Item in
Details about AOCI Components	Three Months ended March 31,						Condensed Consolidated Statements
(in millions)	2013			2012			of Income
Gains (losses) on cash flow hedges:
Commodity contracts	$	19		$	(6	)	Cost of sales
Interest rate contracts	(1		)	(1		)	Financing costs, net
Losses related to pension and other postretirement obligations	(2		)	—			(a)
Total before tax reclassifications	16			(7		)
Tax (expense) benefit	(5		)	2			Provision for income taxes
Total after tax reclassifications	$	11		$	(5	)

(a) This component is included in the computation of net periodic benefit cost and affects both cost of sales and operating expenses on the Condensed Consolidated Statements of Income.