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Changes in Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2017
Changes In Accumulated Other Comprehensive Income Disclosure [Abstract]  
Changes In Accumulated Other Comprehensive Loss

7. Changes in Accumulated Other Comprehensive Income

AOCI is comprised of items that have not been recognized in earnings but may be recognized in earnings in the future when certain events occur. Changes in Foreign Currency Translation Adjustments for the three months ended March 31, 2017 and 2016 were as follows:

Foreign
Currency
Translation
2017 (Millions), net of taxAdjustments
Balances as of December 31, 2016$(1,263)
Net translation gain of investments in foreign operations(a)436
Net losses related to hedges of investment in foreign operations(128)
Net change in accumulated other comprehensive loss308
Balances as of March 31, 2017$(955)
(a) Includes $289 million of tax benefits recognized in the three months ended March 31, 2017 (Refer to Note 8).
Foreign
Currency
Translation
2016 (Millions), net of taxAdjustments
Balances as of December 31, 2015$(1,156)
Net translation gain of investments in foreign operations104
Net losses related to hedges of investment in foreign operations(51)
Net change in accumulated other comprehensive loss53
Balances as of March 31, 2016$(1,103)

The following table shows the tax impact for the three months ended March 31, for the changes in Foreign Currency Translation Adjustments presented above:

Tax benefit
(Millions)20172016
Foreign currency translation adjustments (a)$(318)$(30)
Total tax impact $(318)$(30)

Includes $289 million of tax benefits recognized in the three months ended March 31, 2017 (Refer to Note 8).

No amounts were reclassified out of AOCI into the Consolidated Statements of Income and Retained Earnings for the three months ended March 31, 2017 and 2016.