Other Comprehensive Income

6 Months Ended

Jun. 30, 2015

Other Comprehensive Income

Other Comprehensive Income

Note 4 — Changes in Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss), net of income taxes, are as follows:

	Three Months Ended June 30
	Cumulative Foreign Currency Translation Adjustments						Net Actuarial Losses and Prior Service Costs and Credits						Cumulative Unrealized Gains on Marketable Equity Securities						Cumulative Gains on Derivative Instruments Designated as Cash Flow Hedges
(in millions)	2015			2014			2015			2014			2015			2014			2015			2014
Balance at March 31	$	(3,727	)	$	(656	)	$	(2,179	)	$	(1,296	)	$	174		$	13		$	125		$	5
Other comprehensive income (loss) before reclassifications	84			(19		)	—			—			660			1			5			—
Amounts reclassified from accumulated other comprehensive income	—			—			22			12			(138		)	(5		)	(30		)	(7		)
Net current period comprehensive income	84			(19		)	22			12			522			(4		)	(25		)	(7		)
Balance at June 30	$	(3,643	)	$	(675	)	$	(2,157	)	$	(1,284	)	$	696		$	9		$	100		$	(2	)
	Six Months Ended June 30
	Cumulative Foreign Currency Translation Adjustments						Net Actuarial Losses and Prior Service Costs and Credits						Cumulative Unrealized Gains on Marketable Equity Securities						Cumulative Gains on Derivative Instruments Designated as Cash Flow Hedges
(in millions)	2015			2014			2015			2014			2015			2014			2015			2014
Balance at December 31, 2014 and 2013	$	(2,924	)	$	(718	)	$	(2,229	)	$	(1,312	)	$	1		$	13		$	99		$	5
Impact of business dispositions	108			—			19			—			—			—			—			—
Other comprehensive income (loss) before reclassifications	(827		)	43			—			—			833			2			48			(1		)
Amounts reclassified from accumulated other comprehensive income	—			—			53			28			(138		)	(6		)	(47		)	(6		)
Net current period comprehensive income	(827		)	43			53			28			695			(4		)	1			(7		)
Balance at June 30	$	(3,643	)	$	(675	)	$	(2,157	)	$	(1,284	)	$	696		$	9		$	100		$	(2	)

Reclassified amounts for foreign currency translation are recorded in the Condensed Consolidated Statement of Earnings as Net foreign exchange loss (gain); gains on marketable equity securities as Other (income) expense, net and cash flow hedges as Cost of products sold.  Net actuarial losses and prior service cost are included as a component of net periodic benefit plan costs; see Note 11 for additional details.