ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2017

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Comprehensive Income (Loss) Note [Text Block]

The following table summarizes the changes and after-tax balances of each component of accumulated other comprehensive loss for the nine months ended September 30, 2017 and 2016:



Accumulated Other Comprehensive Loss ¹	Unrealized Gains on Investments			Cumulative Translation Adj			Pension and Other Postretire Benefits			Derivative Instruments			Accum Other Comp Loss
In millions	Unrealized Gains on Investments			Cumulative Translation Adj			Pension and Other Postretire Benefits			Derivative Instruments			Accum Other Comp Loss
Balance at Jan 1, 2016	$	47		$	(1,737	)	$	(6,769	)	$	(208	)	$	(8,667	)
Other comprehensive income (loss) before reclassifications	63			329			—			(50		)	342
Amounts reclassified from accumulated other comprehensive income (loss)	(21		)	(4		)	640			29			644
Net other comprehensive income (loss)	$	42		$	325		$	640		$	(21	)	$	986
Balance at Sep 30, 2016	$	89		$	(1,412	)	$	(6,129	)	$	(229	)	$	(7,681	)

Balance at Jan 1, 2017	$	43		$	(2,381	)	$	(7,389	)	$	(95	)	$	(9,822	)
Other comprehensive income (loss) before reclassifications	50			827			—			(52		)	825
Amounts reclassified from accumulated other comprehensive income (loss)	(93		)	(8		)	308			(5		)	202
Net other comprehensive income (loss)	$	(43	)	$	819		$	308		$	(57	)	$	1,027
Balance at Sep 30, 2017	$	—		$	(1,562	)	$	(7,081	)	$	(152	)	$	(8,795	)


1.	Prior year amounts have been updated to conform with the current year presentation.

The tax effects on the net activity related to each component of other comprehensive income (loss) for the three and nine months ended September 30, 2017 and 2016 were as follows:



Tax Benefit (Expense)	Three Months Ended					Nine Months Ended
In millions	Sep 30, 2017			Sep 30, 2016		Sep 30, 2017			Sep 30, 2016
Unrealized gains on investments	$	(28	)	$	5	$	(24	)	$	23
Cumulative translation adjustments	23			9		49			33
Pension and other postretirement benefit plans	48			46		143			136
Derivative instruments	(19		)	10		2			(7		)
Tax benefit from income taxes related to other comprehensive income (loss) items	$	24		$	70	$	170		$	185

A summary of the reclassifications out of accumulated other comprehensive loss for the three and nine months ended September 30, 2017 and 2016 is provided as follows:



Reclassifications Out of Accumulated Other Comprehensive Loss In millions	Three Months Ended						Nine Months Ended						Consolidated Statements of Income Classification
	Sep 30, 2017			Sep 30, 2016			Sep 30, 2017			Sep 30, 2016			Consolidated Statements of Income Classification
Unrealized gains on investments	$	(96	)	$	(10	)	$	(143	)	$	(32	)	See (1) below
Tax expense	33			3			50			11			See (2) below
After-tax	$	(63	)	$	(7	)	$	(93	)	$	(21	)
Cumulative translation adjustments	$	(2	)	$	—		$	(8	)	$	(4	)	See (3) below
Pension and other postretirement benefit plans	$	153		$	139		$	451		$	776		See (4) below
Tax benefit	(48		)	(46		)	(143		)	(136		)	See (2) below
After-tax	$	105		$	93		$	308		$	640
Derivative instruments	$	14		$	(3	)	$	(1	)	$	35		See (5) below
Tax expense (benefit)	(3		)	3			(4		)	(6		)	See (2) below
After-tax	$	11		$	—		$	(5	)	$	29
Total reclassifications for the period, after-tax	$	51		$	86		$	202		$	644


1.	"Net sales" and "Sundry income (expense) - net."


2.	"Provision for income taxes."


3.	"Sundry income (expense) - net."

These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost of the Company's pension and other postretirement plans. See Note 16 for additional information. In the nine months ended September 30, 2016, $360 million was included in “Sundry income (expense) - net” (zero impact to "Provision for income taxes") related to the DCC transaction. See Note 4 for additional information.


5.	"Cost of sales" and "Sundry income (expense) - net."

Accumulated Other Comprehensive Loss Note [Text Block]

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table summarizes the changes and after-tax balances of each component of accumulated other comprehensive loss for the nine months ended September 30, 2017 and 2016:



Accumulated Other Comprehensive Loss ¹	Unrealized Gains on Investments			Cumulative Translation Adj			Pension and Other Postretire Benefits			Derivative Instruments			Accum Other Comp Loss
In millions	Unrealized Gains on Investments			Cumulative Translation Adj			Pension and Other Postretire Benefits			Derivative Instruments			Accum Other Comp Loss
Balance at Jan 1, 2016	$	47		$	(1,737	)	$	(6,769	)	$	(208	)	$	(8,667	)
Other comprehensive income (loss) before reclassifications	63			329			—			(50		)	342
Amounts reclassified from accumulated other comprehensive income (loss)	(21		)	(4		)	640			29			644
Net other comprehensive income (loss)	$	42		$	325		$	640		$	(21	)	$	986
Balance at Sep 30, 2016	$	89		$	(1,412	)	$	(6,129	)	$	(229	)	$	(7,681	)

Balance at Jan 1, 2017	$	43		$	(2,381	)	$	(7,389	)	$	(95	)	$	(9,822	)
Other comprehensive income (loss) before reclassifications	50			827			—			(52		)	825
Amounts reclassified from accumulated other comprehensive income (loss)	(93		)	(8		)	308			(5		)	202
Net other comprehensive income (loss)	$	(43	)	$	819		$	308		$	(57	)	$	1,027
Balance at Sep 30, 2017	$	—		$	(1,562	)	$	(7,081	)	$	(152	)	$	(8,795	)


1.	Prior year amounts have been updated to conform with the current year presentation.

The tax effects on the net activity related to each component of other comprehensive income (loss) for the three and nine months ended September 30, 2017 and 2016 were as follows:



Tax Benefit (Expense)	Three Months Ended					Nine Months Ended
In millions	Sep 30, 2017			Sep 30, 2016		Sep 30, 2017			Sep 30, 2016
Unrealized gains on investments	$	(28	)	$	5	$	(24	)	$	23
Cumulative translation adjustments	23			9		49			33
Pension and other postretirement benefit plans	48			46		143			136
Derivative instruments	(19		)	10		2			(7		)
Tax benefit from income taxes related to other comprehensive income (loss) items	$	24		$	70	$	170		$	185