ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2015

ACCUMULATED OTHER COMPREHENSIVE LOSS.

ACCUMULATED OTHER COMPREHENSIVE LOSS

9)ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss (“AOCL”), net of tax at March 31, 2015 and December 31, 2014, were as follows:

(in millions)	Foreign Currency Translation Adjustments			Unrecognized Pension and Other Post- Retirement Benefit Costs			Unrealized loss on available for sale securities			Total
As of December 31, 2014	$	(86	)	$	(306	)	$	(5	)	$	(397	)
Other comprehensive income (loss) before reclassifications	(43		)	(5		)	4			(44		)
Amounts reclassified from AOCL	5			5			—			10
Net current period other comprehensive loss	(38		)	—			4			(34		)
As of March 31, 2015	$	(124	)	$	(306	)	$	(1	)	$	(431	)

The following table summarizes the reclassifications from AOCL to the Consolidated Statement of Operations for the quarters ended March 31, 2015 and 2014:

	Amount Reclassified from AOCL						Affected line item in the
	Quarters ended March 31,						consolidated statement of
(in millions)	2015			2014			operations
Foreign currency translation items:
Loss on sale of business (a)	$	(5	)	$	—		Loss on sale of business
Net of tax	(5		)	—
Defined benefit pension plan items:
Amortization of prior-service costs (b)	1			1			Primarily SG&A
Amortization of actuarial losses (b)	(7		)	(4		)	Primarily SG&A
Total before tax	(6		)	(3		)
Total tax	1			—			Income Tax Expense
Net of tax	(5		)	(3		)
Total reclassifications	$	(10	)	$	(3	)

(a) Sale of the Chemtura AgroSolutions business (see Note 2 - Divestitures).

(b) These items are included in the computation of net periodic benefit pension cost (see Note 12 - Pension and other Post-Retirement Benefit Plans for additional information).