Changes in Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2019

Changes In Accumulated Other Comprehensive Income Disclosure [Abstract]

Changes In Accumulated Other Comprehensive Income

6. 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 endedMarch 31, 2019 and 2018 were as follows:

		Foreign Currency
		Translation
		Adjustments
2019 (Millions), net of tax		Gains (Losses)
Balances as of December 31, 2018	$	(1,060)
Net translation gain of investments in foreign operations		64
Net losses related to hedges of investment in foreign operations		(57)
Net change in accumulated other comprehensive loss		7
Balances as of March 31, 2019	$	(1,053)
		Foreign Currency
		Translation
		Adjustments
2018 (Millions), net of tax		Gains (Losses)
Balances as of December 31, 2017	$	(998)
Net translations gain of investments in foreign operations		53
Net losses related to hedges of investments in foreign operations		(43)
Net change in accumulated other comprehensive loss		10
Balances as of March 31, 2018	$	(988)

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

		Tax (benefit) expense
		Three Months Ended
		March 31,
(Millions)		2019		2018
Net translation on investments in foreign operations	$	3	$	(8)
Net hedges of investments in foreign operations		(18)		(14)
Total tax impact	$	(15)	$	(22)

No amounts were reclassified out of AOCI into the Consolidated Statements of Income for the three months endedMarch 31, 2019 and 2018.