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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
 3 Months Ended
Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Components of Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table summarizes the changes and after-tax balances of each component of accumulated other comprehensive loss ("AOCL") for the three months ended March 31, 2018 and 2017:

Accumulated Other Comprehensive Loss 1
Unrealized Gains (Losses) on Investments
Cumulative Translation Adj
Pension and Other Postretire Benefits
Derivative Instruments
Accum Other Comp Loss
In millions
Balance at Jan 1, 2017
$
43

$
(2,381
)
$
(7,389
)
$
(95
)
$
(9,822
)
Other comprehensive income (loss) before reclassifications
25

239

—

(42
)
222

Amounts reclassified from accumulated other comprehensive income (loss)
(8
)
—

102

(8
)
86

Net other comprehensive income (loss)
$
17

$
239

$
102

$
(50
)
$
308

Balance at Mar 31, 2017
$
60

$
(2,142
)
$
(7,287
)
$
(145
)
$
(9,514
)
 
 
 
 
 
 
Balance at Jan 1, 2018 2
$
17

$
(1,481
)
$
(6,998
)
$
(109
)
$
(8,571
)
Other comprehensive income (loss) before reclassifications
(26
)
376

—

(16
)
334

Amounts reclassified from accumulated other comprehensive income (loss)
1

—

126

22

149

Net other comprehensive income (loss)
$
(25
)
$
376

$
126

$
6

$
483

Balance at Mar 31, 2018
$
(8
)
$
(1,105
)
$
(6,872
)
$
(103
)
$
(8,088
)
1.
Prior year amounts have been updated to conform with the current year presentation.
2.
The beginning balance of "Unrealized gains (losses) on investments" was increased by $20 million to reflect the impact of the adoption of ASU 2016-01. See Notes 1 and 2 for additional information.

The tax effects on the net activity related to each component of other comprehensive income (loss) for the three months ended March 31, 2018 and 2017 were as follows:

Tax Benefit (Expense)
Three Months Ended
In millions
Mar 31, 2018
Mar 31, 2017
Unrealized gains (losses) on investments
$
(6
)
$
8

Cumulative translation adjustments
(5
)
18

Pension and other postretirement benefit plans
28

47

Derivative instruments
(3
)
(14
)
Tax benefit from income taxes related to other comprehensive income (loss) items
$
14

$
59
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income
A summary of the reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2018 and 2017 is provided as follows:

Reclassifications Out of Accumulated Other Comprehensive Loss
Three Months Ended
Consolidated Statements of Income Classification
In millions
Mar 31, 2018
Mar 31, 2017
Unrealized gains (losses) on investments
$
2

$
(12
)
See (1) below
   Tax (benefit) expense
(1
)
4

See (2) below
   After tax
$
1

$
(8
)
 
Pension and other postretirement benefit plans
$
154

$
149

See (3) below
   Tax benefit
(28
)
(47
)
See (2) below
   After tax
$
126

$
102

 
Derivative instruments
$
27

$
(7
)
See (4) below
   Tax benefit
(5
)
(1
)
See (2) below
   After tax
$
22

$
(8
)
 
Total reclassifications for the period, after tax
$
149

$
86

 
1.
"Net sales" and "Sundry income (expense) - net."
2.
"Provision for income taxes."
3.
These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost of the Company's pension and other postretirement benefit plans. See Note 14 for additional information.
4.
"Cost of sales," "Sundry income (expense) - net" and "Interest expense and amortization of debt discount."