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Other Comprehensive Earnings
9 Months Ended
Sep. 30, 2016
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]  
Other Comprehensive Earnings

9.

Other Comprehensive Earnings

Components of other comprehensive earnings consist of the following:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

(Millions)

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning accumulated foreign currency translation

 

$

450

 

 

$

725

 

 

$

424

 

 

$

983

 

Change in cumulative translation adjustment

 

 

(1

)

 

 

(242

)

 

 

52

 

 

 

(519

)

Income tax benefit (expense)

 

 

3

 

 

 

30

 

 

 

(24

)

 

 

49

 

Ending accumulated foreign currency translation

 

 

452

 

 

 

513

 

 

 

452

 

 

 

513

 

Pension and postretirement benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning accumulated pension and postretirement

   benefits

 

 

(185

)

 

 

(197

)

 

 

(194

)

 

 

(204

)

Recognition of net actuarial loss and prior service

   cost in earnings (1)

 

 

7

 

 

 

6

 

 

 

20

 

 

 

17

 

Income tax benefit (expense)

 

 

4

 

 

 

(1

)

 

 

 

 

 

(5

)

Ending accumulated pension and postretirement

   benefits

 

 

(174

)

 

 

(192

)

 

 

(174

)

 

 

(192

)

Accumulated other comprehensive earnings, net of tax

 

$

278

 

 

$

321

 

 

$

278

 

 

$

321

 

 

(1)

These accumulated other comprehensive earnings components are included in the computation of net periodic benefit cost, which is a component of G&A on the accompanying consolidated comprehensive statements of earnings. See Note 16 for additional details.