XML 38 R31.htm IDEA: XBRL DOCUMENT v3.2.0.727
Accumulated Other Comprehensive Income (AOCI) (Tables)
 6 Months Ended
Jun. 30, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Details about AOCI Components
The following tables set forth the changes in AOCI by component for the quarter and six months ended June 30, 2015 and the reclassifications out of AOCI for the quarter and six months ended June 30, 2015 and 2014:
 
Three months ended June 30, 2015
(In millions)
Foreign Currency Translation Adjustment
 
Deferred Gain (Loss) on Hedging Activities
 
Pension Liability Adjustment
 
Unrealized Gain (Loss) on Investments
 
Total
Balance at March 31, 2015
$
(1,323
)
 
$
12

 
$
(607
)
 
$
39

 
$
(1,879
)
Other comprehensive income (loss) before reclassifications
177

 
23

 
(8
)
 
(20
)
 
172

Amounts reclassified from AOCI
—

 
15

 
4

 
—

 
19

Tax effect
(6
)
 
(9
)
 
—

 
(2
)
 
(17
)
Net current period other comprehensive income
171

 
29

 
(4
)
 
(22
)
 
174

Balance at June 30, 2015
$
(1,152
)
 
$
41

 
$
(611
)
 
$
17

 
$
(1,705
)
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2015
(In millions)
Foreign Currency Translation Adjustment
 
Deferred Gain (Loss) on Hedging Activities
 
Pension Liability Adjustment
 
Unrealized Gain (Loss) on Investments
 
Total
Balance at December 31, 2014
$
(654
)
 
$
47

 
$
(630
)
 
$
(4
)
 
$
(1,241
)
Other comprehensive income before reclassifications
(524
)
 
31

 
9

 
23

 
(461
)
Amounts reclassified from AOCI
—

 
(49
)
 
29

 
—

 
(20
)
Tax effect
26

 
12

 
(19
)
 
(2
)
 
17

Net current period other comprehensive income
(498
)
 
(6
)
 
19

 
21

 
(464
)
Balance at June 30, 2015
$
(1,152
)
 
$
41

 
$
(611
)
 
$
17

 
$
(1,705
)


The six-month period change in foreign currency translation adjustment is primarily due to U.S. dollar appreciation, mainly impacting the Euro-denominated equity of the Company’s foreign subsidiaries
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
 
 
Amount reclassified from AOCI
 
 
 
 
Three months ended
 
Six months ended
 
 
Details about AOCI components
 
June 30,
2015
 
June 30,
2014
 
Jun 30
2015
 
Jun 30
2014
 
Affected line item in the consolidated statement of earnings
 
 
(In millions)
 
 
Deferred loss (gain) on hedging activities
 
 
 
 
 
 
 
 
 
 
 
 
$
2

 
$
58

 
$
(45
)
 
$
85

 
Revenues
 
 
17

 
(11
)
 
17

 
(7
)
 
Cost of products sold
 
 
(4
)
 
—

 
(21
)
 
—

 
Other income/expense
 
 
15

 
47

 
(49
)
 
78

 
Total before tax
 
 
(6
)
 
(18
)
 
18

 
(29
)
 
Tax
 
 
$
9

 
$
29

 
$
(31
)
 
$
49

 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Pension liability adjustment
 
 
 
 
 
 
 
 
 
 
Amortization of defined benefit pension items:
 
 
 
 
 
 
 
 
 
 
Prior service credit
 
$
(11
)
 
$
(4
)
 
$
(13
)
 
$
(8
)
 
 
Actuarial losses
 
15

 
9

 
42

 
18

 
 
 
 
4

 
5

 
29

 
10

 
Total before tax
 
 
—

 
(1
)
 
(17
)
 
(3
)
 
Tax
 
 
$
4

 
$
4

 
$
12

 
$
7

 
Net of tax