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Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income

Accumulated other comprehensive income consists of foreign currency translation adjustments, unrealized losses on cash flow hedges executed in previous years associated with the issuance of long-term debt, and changes in the net actuarial gains and losses associated with pension and other postretirement benefit plans. The following table summarizes the activity within the components of accumulated other comprehensive income.
Changes in accumulated other comprehensive income (loss) by component is shown on the below:
 
Three Months Ended June 30, 2016(1)
In millions
Foreign Currency
 
Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefits
 
Total
Balance, March 31, 2016
$
(147
)
 
$
(6
)
 
$
(186
)
 
$
(339
)
     Other comprehensive income before
reclassifications
22

 

 

 
22

     Amounts reclassified from accumulated
other comprehensive income
(2)

 

 

 

Net other comprehensive income
22

 

 

 
22

Balance, June 30, 2016
$
(125
)
 
$
(6
)
 
$
(186
)
 
$
(317
)
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2015(1)
 
Foreign Currency
 
Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefits
 
Total
Balance, March 31, 2015
$
(113
)
 
$
(8
)
 
$
(143
)
 
$
(264
)
     Other comprehensive income (loss) before
reclassifications
9

 

 

 
9

     Amounts reclassified from accumulated
other comprehensive income
(2)

 

 

 

Net other comprehensive income
9

 

 

 
9

Balance, June 30, 2015
$
(104
)
 
$
(8
)
 
$
(143
)
 
$
(255
)
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2016(1)
 
Foreign Currency
 
Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefits
 
Total
Balance, December 31, 2015
$
(165
)
 
$
(7
)
 
$
(186
)
 
$
(358
)
     Other comprehensive income (loss) before
reclassifications
40

 

 

 
40

     Amounts reclassified from accumulated
other comprehensive income
(2)

 
1

 

 
1

Net other comprehensive income
40

 
1

 

 
41

Balance, June 30, 2016
$
(125
)
 
$
(6
)
 
$
(186
)
 
$
(317
)
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2015(1)
 
Foreign Currency
 
Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefits
 
Total
Balance, December 31, 2014
$
(65
)
 
$
(9
)
 
$
(143
)
 
$
(217
)
     Other comprehensive income (loss) before
reclassifications
(39
)
 

 

 
(39
)
     Amounts reclassified from accumulated
other comprehensive income
(2)

 
1

 

 
1

Net other comprehensive income (loss)
(39
)
 
1

 

 
(38
)
Balance, June 30, 2015
$
(104
)
 
$
(8
)
 
$
(143
)
 
$
(255
)


(1)
All amounts are net of tax.
(2)
The amounts reclassified from accumulated other comprehensive income for losses on cash flow hedges are recorded within interest expense, net on the condensed consolidated statement of income. The amounts reclassified from accumulated other comprehensive income for pension and other postretirement benefits are included in operating expenses on the condensed consolidated statement of income.