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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT (NET OF TAX) (Tables)
6 Months Ended
Jun. 30, 2016
Changes In Accumulated Other Comprehensive Income Loss By Component [Abstract]  
Changes in AOCI By Components
The following represents the Company’s changes in accumulated other comprehensive loss ("AOCL") by component for the six months ended June 30, 2016:
 
 
Three Months Ended June 30
 
Six Months Ended June 30
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
Foreign currency translation adjustments and other
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
(675
)
 
$
(599
)
 
$
(714
)
 
$
(482
)
Other comprehensive income (loss) before reclassification adjustment, net of tax
 
(58
)
 
22

 
(18
)
 
(95
)
Reclassification from other comprehensive income (loss)
 

 

 
(1
)
 

Other comprehensive loss, net of tax
 
(58
)
 
22

 
(19
)
 
(95
)
Balance at end of period
 
$
(733
)
 
$
(577
)
 
$
(733
)
 
$
(577
)
 
 
 
 
 
 
 
 
 
Pensions and postretirement benefits
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
(583
)
 
$
(622
)
 
$
(587
)
 
$
(643
)
Other comprehensive income (loss) before reclassifications
 

 
(3
)
 

 
11

Reclassification from other comprehensive income (loss)(a)
 
3

 
4

 
7

 
11

Other comprehensive income (loss), net of tax
 
3

 
1

 
7

 
22

Balance at end of period
 
$
(580
)
 
$
(621
)
 
$
(580
)
 
$
(621
)
 
 
 
 
 
 
 
 
 
Hedge instruments
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
(17
)
 
$
(16
)
 
$
(17
)
 
$
(17
)
Other comprehensive income (loss) before reclassifications
 

 
(3
)
 
(1
)
 
(2
)
Reclassification from other comprehensive income (loss)(b)
 
1

 
1

 
2

 
1

Other comprehensive income (loss), net of tax
 
1

 
(2
)
 
1

 
(1
)
Balance at end of period
 
$
(16
)
 
$
(18
)
 
$
(16
)
 
$
(18
)
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) attributable to noncontrolling interests, net of tax(c)
 
$
1

 
$

 
$
4

 
$
(2
)
 
 
 
 
 
 
 
 
 
(a) Includes amortization of prior service costs/credits and actuarial gains/losses which are included in cost of products sold, and selling, general, and administrative. Refer to Note 13 for additional information.
(b) Includes commodity contacts which are included in cost of products sold. Refer to Note 7 for additional information.
(c) Consists of foreign currency translation adjustments.