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Equity Activity (Tables)
 12 Months Ended
Dec. 31, 2018
Equity Activity  
Reclassifications and Taxes Related to Items of Other Comprehensive Income

 

 

($ in millions)

 

 

 

Before Tax

 

Tax (Expense)/

 

Net of Tax

 

For the year ended December 31, 2018:

 

Amount

 

Benefit

 

Amount

 

Other comprehensive income/(loss)

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

$
(730

)

$
(172

)

$
(902

)

Net changes related to available-for-sale securities

 

 

 

 

 

 

 

Unrealized gains/(losses) arising during the period

 

$
(2

)

$
1

 

$
(1

)

Reclassification of (gains)/losses to other (income) and expense

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

Total net changes related to available-for-sale securities

 

$
(2

)

$
1

 

$
(1

)

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains/(losses) on cash flow hedges

 

 

 

 

 

 

 

Unrealized gains/(losses) arising during the period

 

$
(136

)

$
43

 

$
(93

)

Reclassification of (gains)/losses to:

 

 

 

 

 

 

 

Cost of services

 
(30

)
8

 
(22

)

Cost of sales

 
(8

)
3

 
(5

)

Cost of financing

 
75

 
(19

)
56

 

SG&A expense

 
0

 
0

 
0

 

Other (income) and expense

 
341

 
(86

)
255

 

Interest expense

 
71

 
(18

)
53

 

 

 

 

 

 

 

 

 

Total unrealized gains/(losses) on cash flow hedges

 

$
313

 

$
(69

)

$
244

 

 

 

 

 

 

 

 

 

 

 

 

Retirement-related benefit plans (1)

 

 

 

 

 

 

 

Prior service costs/(credits)

 

$
(182

)

$
31

 

$
(151

)

Net (losses)/gains arising during the period

 
(2,517

)
576

 
(1,941

)

Curtailments and settlements

 
11

 
(2

)
9

 

Amortization of prior service (credits)/costs

 
(73

)
5

 
(68

)

Amortization of net (gains)/losses

 
2,966

 
(632

)
2,334

 

 

 

 

 

 

 

 

 

Total retirement-related benefit plans

 

$
204

 

$
(21

)

$
184

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income/(loss)

 

$
(215

)

$
(262

)

$
(476

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

These AOCI components are included in the computation of net periodic pension cost. (See note T, “Retirement-Related Benefits,” for additional information.)

 

($ in millions)

 

 

 

Before Tax

 

Tax (Expense)/

 

Net of Tax

 

For the year ended December 31, 2017:

 

Amount

 

Benefit

 

Amount

 

Other comprehensive income/(loss)

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

$
152

 

$
617

 

$
769

 

Net changes related to available-for-sale securities

 

 

 

 

 

 

 

Unrealized gains/(losses) arising during the period

 

$
1

 

$
(1

)

$
0

 

Reclassification of (gains)/losses to other (income) and expense

 
1

 
0

 
1

 

 

 

 

 

 

 

 

 

Total net changes related to available-for-sale securities

 

$
2

 

$
(1

)

$
1

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains/(losses) on cash flow hedges

 

 

 

 

 

 

 

Unrealized gains/(losses) arising during the period

 

$
(58

)

$
0

 

$
(58

)

Reclassification of (gains)/losses to:

 

 

 

 

 

 

 

Cost of services

 
(70

)
27

 
(43

)

Cost of sales

 
(3

)
1

 
(3

)

Cost of financing*

 
23

 
(9

)
14

 

SG&A expense

 
(11

)
3

 
(9

)

Other (income) and expense

 
(324

)
124

 
(199

)

Interest expense*

 
22

 
(8

)
13

 

 

 

 

 

 

 

 

 

Total unrealized gains/(losses) on cash flow hedges

 

$
(421

)

$
137

 

$
(284

)

 

 

 

 

 

 

 

 

 

 

 

Retirement-related benefit plans (1)

 

 

 

 

 

 

 

Prior service costs/(credits)

 
0

 
0

 
0

 

Net (losses)/gains arising during the period

 
682

 
(201

)
481

 

Curtailments and settlements

 
19

 
(5

)
14

 

Amortization of prior service (credits)/costs

 
(88

)
29

 
(58

)

Amortization of net (gains)/losses

 
2,889

 
(1,006

)
1,883

 

 

 

 

 

 

 

 

 

Total retirement-related benefit plans

 

$
3,502

 

$
(1,182

)

$
2,320

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income/(loss)

 

$
3,235

 

$
(429

)

$
2,806

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*     Reclassified to conform to 2018 presentation.

(1)

These AOCI components are included in the computation of net periodic pension cost. (See note T, “Retirement-Related Benefits,” for additional information.)

 

($ in millions)

 

 

 

 

Before Tax

 

Tax (Expense)/

 

Net of Tax

 

For the year ended December 31, 2016:

 

Amount

 

Benefit

 

Amount

 

Other comprehensive income/(loss)

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

$
(20

)

$
(120

)

$
(140

)

Net changes related to available-for-sale securities

 

 

 

 

 

 

 

Unrealized gains/(losses) arising during the period

 

$
(38

)

$
14

 

$
(23

)

Reclassification of (gains)/losses to other (income) and expense

 
34

 
(13

)
21

 

 

 

 

 

 

 

 

 

Total net changes related to available-for-sale securities

 

$
(3

)

$
1

 

$
(2

)

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains/(losses) on cash flow hedges

 

 

 

 

 

 

 

Unrealized gains/(losses) arising during the period

 

$
243

 

$
(80

)

$
163

 

Reclassification of (gains)/losses to:

 

 

 

 

 

 

 

Cost of services

 
8

 
(3

)
5

 

Cost of sales

 
5

 
(5

)
1

 

Cost of financing*

 
12

 
(4

)
7

 

SG&A expense

 
(4

)
(2

)
(7

)

Other (income) and expense

 
68

 
(26

)
42

 

Interest expense*

 
13

 
(5

)
8

 

 

 

 

 

 

 

 

 

Total unrealized gains/(losses) on cash flow hedges

 

$
345

 

$
(126

)

$
219

 

 

 

 

 

 

 

 

 

 

 

 

Retirement-related benefit plans (1)

 

 

 

 

 

 

 

Net (losses)/gains arising during the period

 

$
(2,490

)

$
924

 

$
(1,566

)

Curtailments and settlements

 
(16

)
1

 
(15

)

Amortization of prior service (credits)/costs

 
(107

)
34

 
(74

)

Amortization of net (gains)/losses

 
2,764

 
(976

)
1,788

 

 

 

 

 

 

 

 

 

Total retirement-related benefit plans

 

$
150

 

$
(19

)

$
132

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income/(loss)

 

$
472

 

$
(263

)

$
209

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*     Reclassified to conform to 2018 presentation.

(1)

These AOCI components are included in the computation of net periodic pension cost. (See note T, “Retirement-Related Benefits,” for additional information.)
Accumulated Other Comprehensive Income/(Loss) (net of tax)

 

($ in millions)

 

 

 

 

 

 

 

 

 

Net Unrealized

 

 

 

 

 

Net Unrealized

 

Foreign

 

Net Change

 

Gains/(Losses)

 

Accumulated

 

 

 

Gains/(Losses)

 

Currency

 

Retirement-

 

on Available-

 

Other

 

 

 

on Cash Flow

 

Translation

 

Related

 

For-Sale

 

Comprehensive

 

 

 

Hedges

 

Adjustments*

 

Benefit Plans

 

Securities

 

Income/(Loss)

 

December 31, 2015

 

$
100

 

$
(3,463

)

$
(26,248

)

$
5

 

$
(29,607

)

Other comprehensive income before reclassifications

 
163

 
(140

)
(1,581

)
(23

)
(1,581

)

Amount reclassified from accumulated other comprehensive income

 
56

 
0

 
1,714

 
21

 
1,791

 

 

 

 

 

 

 

 

 

 

 

 

 

Total change for the period

 
219

 
(140

)
132

 
(2

)
209

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 
319

 
(3,603

)
(26,116

)
2

 
(29,398

)

Other comprehensive income before reclassifications

 
(58

)
769

 
495

 
0

 
1,206

 

Amount reclassified from accumulated other comprehensive income

 
(226

)
0

 
1,825

 
1

 
1,599

 

 

 

 

 

 

 

 

 

 

 

 

 

Total change for the period

 
(284

)
769

 
2,320

 
1

 
2,806

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 
35

 
(2,834

)
(23,796

)
3

 
(26,592

)

Cumulative effect of a change in accounting principle**

 
5

 
46

 
(2,471

)
(2

)
(2,422

)

Other comprehensive income before reclassifications

 
(93

)
(902

)
(2,092

)
(1

)
(3,089

)

Amount reclassified from accumulated other comprehensive income

 
337

 

—

 
2,276

 

—

 
2,612

 

 

 

 

 

 

 

 

 

 

 

 

 

Total change for the period

 
244

 
(902

)
184

 
(1

)
(476

)

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

$
284

 

$
(3,690

)

$
(26,083

)

$
0

 

$
(29,490

)

 

 

*Foreign currency translation adjustments are presented gross except for any associated hedges which are presented net of tax.

**        Reflects the adoption of the FASB guidance on stranded tax effects, hedging and financial instruments. Refer to note B, “Accounting Changes.”