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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net income $ 1,024 $ 945 $ 2,256 $ 1,980
Cumulative translation adjustment [1] (97) 197 73 (992)
Additions and revaluations of derivatives designated as cash flow hedges [2] 21 8 37 (14)
Clearance of hedge results to earnings 7 5 18 12
Net revaluation and clearance of cash flow hedges to earnings 28 13 55 (2)
Net unrealized gain on securities 14 0 6 0
Other comprehensive (loss) income, before tax (1,210) 326 (2,167) (603)
Income tax benefit (expense) related to items of other comprehensive loss 404 (50) 806 (136)
Other comprehensive (loss) income, net of tax (806) 276 (1,361) (739)
Comprehensive income 218 1,221 895 1,241
Less: comprehensive income attributable to noncontrolling interests 4 5 10 9
Comprehensive income attributable to DuPont 214 1,216 885 1,232
Pension Plans [Member]        
Net loss [2] (1,281) (2) (2,472) (6)
Effect of foreign exchange rates [2] 31 (62) 32 38
Amortization of prior service benefit [3] (1) (1) (3) (3)
Amortization of loss [3] 204 210 376 419
Curtailment / settlement loss (gain), net 54 4 104 9
Benefit plans, net (993) 149 (1,963) 457
Other Long-Term Employee Benefit Plans [Member]        
Net loss [2] (141) 0 (265) 0
Amortization of prior service benefit [3] (36) (52) (75) (104)
Amortization of loss [3] 18 19 35 38
Curtailment / settlement loss (gain), net (3) 0 (33) 0
Benefit plans, net $ (162) $ (33) $ (338) $ (66)
[1] The currency translation loss for the three months ended June 30, 2016 is primarily driven by the strengthening of the U.S. dollar (USD) against the European Euro (EUR), partially offset by further weakening of the USD against the Brazilian real (BRL). The currency translation gain for the three months ended June 30, 2015 was driven by the weakening of the USD against both the EUR and BRL. The currency translation gain for the six months ended June 30, 2016 is primarily driven by modest weakening of the USD against the EUR and BRL as compared to the currency translation loss for the six months ended June 30, 2015 which was driven by the USD strengthening against the EUR and BRL.
[2] These amounts represent changes in accumulated other comprehensive loss excluding changes due to reclassifying amounts to the interim Consolidated Income Statements. See Notes 13 and 14 for additional information.
[3] These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost of the company's pension and other long-term employee benefit plans. See Note 14 for additional information.