Changes in Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 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 and six months endedJune 30, 2019 and 2018 were as follows:

		Foreign
		Currency
		Translation
		Adjustments
Three Months Ended June 30, 2019 (Millions), net of tax		Gains (Losses)
Balances as of March 31, 2019	$	(1,053)
Net translation loss of investments in foreign operations		(58)
Net gains related to hedges of investment in foreign operations		36
Net change in accumulated other comprehensive loss		(22)
Balances as of June 30, 2019	$	(1,075)
		Foreign
		Currency
		Translation
		Adjustments
Six Months Ended June 30, 2019 (Millions), net of tax		Gains (Losses)
Balances as of December 31, 2018	$	(1,060)
Net translation gain of investments in foreign operations		6
Net losses related to hedges of investment in foreign operations		(21)
Net change in accumulated other comprehensive loss		(15)
Balances as of June 30, 2019	$	(1,075)
		Foreign
		Currency
		Translation
		Adjustments
Three Months Ended June 30, 2018 (Millions), net of tax		Gains (Losses)
Balances as of March 31, 2018	$	(988)
Net translation loss of investments in foreign operations		(126)
Net gains related to hedges of investment in foreign operations		105
Net change in accumulated other comprehensive loss		(21)
Balances as of June 30, 2018	$	(1,009)
		Foreign
		Currency
		Translation
		Adjustments
Six Months Ended June 30, 2018 (Millions), net of tax		Gains (Losses)
Balances as of December 31, 2017	$	(998)
Net translation loss of investments in foreign operations(a)		(73)
Net gains related to hedges of investment in foreign operations		62
Net change in accumulated other comprehensive loss		(11)
Balances as of June 30, 2018	$	(1,009)

The following table shows the tax impact for the three and six months endedJune 30 for the changes in Foreign Currency Translation Adjustments presented above:

		Tax (benefit) expense
		Three Months Ended				Six Months Ended
		June 30,				June 30,
(Millions)		2019		2018		2019		2018
Net translation on investments in foreign operations	$	―	$	(23)	$	3	$	(31)
Net hedges on investments in foreign operations		12		33		(6)		19
Total tax impact	$	12	$	10	$	(3)	$	(12)

No amounts were reclassified out of AOCI into the Consolidated Statements of Income,associated with the sale or liquidation of a business,for the three and six months endedJune 30, 2019 and 2018.