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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)

The following table summarizes changes in Accumulated other comprehensive income (loss) for the three months ended March 31, 2020 and 2019:

 
Three Months Ended
 
March 31,
In millions
2020

2019
Beginning balance
$
(1,705
)
 
$
(1,677
)
 
 
 
 
Foreign currency translation adjustments during the period
(272
)
 
43

Income taxes
(15
)
 
(12
)
Total foreign currency translation adjustments, net of tax
(287
)
 
31

 
 
 
 
Pension and other postretirement benefit adjustments reclassified to income
12

 
5

Income taxes
(3
)
 
(1
)
Total pension and other postretirement benefit adjustments, net of tax
9

 
4

 
 
 
 
Ending balance
$
(1,983
)
 
$
(1,642
)


Pension and other postretirement benefit adjustments reclassified to income related to the amortization of actuarial gains and losses and prior service cost. Refer to Note 7. Pension and Other Postretirement Benefits for additional information.

The Company designated the €1.0 billion of Euro notes issued in May 2014, the €1.0 billion of Euro notes issued in May 2015 and the €1.6 billion of Euro notes issued in June 2019 as hedges of a portion of its net investment in Euro-denominated foreign operations to reduce foreign currency risk associated with the investment in these operations. Changes in the value of this debt resulting from fluctuations in the Euro to U.S. dollar exchange rate have been recorded as foreign currency translation adjustments within Accumulated other comprehensive income (loss). The carrying values of the 2019, 2015 and 2014 Euro notes were $1.7 billion, $1.1 billion and $1.1 billion, respectively, as of March 31, 2020. The unrealized pre-tax gain recorded in Accumulated other comprehensive income (loss) related to the net investment hedge was $304 million and $239 million as of March 31, 2020 and December 31, 2019, respectively.

The ending balance of Accumulated other comprehensive income (loss) as of March 31, 2020 and 2019 consisted of cumulative translation adjustment losses, net of tax, of $1.6 billion and $1.3 billion, respectively, and unrecognized pension and other postretirement benefits costs, net of tax, of $381 million and $360 million, respectively.