Changes in Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2020

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Components of comprehensive income (loss), net of tax

Changes in Foreign Currency Translation Adjustments for the three months ended March 31, 2020 and 2019 were as follows:

2020 (Millions), net of tax	Foreign Currency Translation Adjustment Gains (Losses)
Balances as of December 31, 2019	$	(1,087)
Net translation losses of investments in foreign operations	(483)
Net gains related to hedges of investments in foreign operations	346
Net change in accumulated other comprehensive loss	(137)
Balances as of March 31, 2020	$	(1,224)

2019 (Millions), net of tax	Foreign Currency Translation Adjustment Gains (Losses)
Balances as of December 31, 2018	$	(1,060)
Net translation gains of investments in foreign operations	64
Net losses related to hedges of investments in foreign operations	(57)
Net change in accumulated other comprehensive loss	7
Balances as of March 31, 2019	$	(1,053)

Foreign currency translation adjustments - tax effect

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 expense (benefit)
	Three Months Ended March 31,
(Millions)	2020		2019
Net translation on investments in foreign operations	$	20	$	3
Net hedges of investments in foreign operations	109		(18)
Total tax impact	$	129	$	(15)