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Accumulated Other Comprehensive Income (AOCI) (Tables)
 6 Months Ended
Jun. 30, 2016
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 three and six months ended June 30, 2016 and the reclassifications out of AOCI for the three and six months ended June 30, 2016 and 2015:
 
Three months ended June 30, 2016
 
Foreign Currency Translation Adjustment
 
Deferred Gain (Loss) on Hedging Activities
 
Pension Liability Adjustment
 
Unrealized Gain (Loss) on Investments
 
Total
 
(In millions)
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2016
$
(1,401
)
 
$
(7
)
 
$
(522
)
 
$
(17
)
 
$
(1,947
)
Other comprehensive income (loss) before reclassifications
(145
)
 
(40
)
 
3

 
45

 
(137
)
Amounts reclassified from AOCI
(73
)
 
19

 
12

 
—

 
(42
)
Tax effect
(10
)
 
2

 
(3
)
 
(1
)
 
(12
)
Net current period other comprehensive income
(228
)
 
(19
)
 
12

 
44

 
(191
)
Balance at June 30, 2016
$
(1,629
)
 
$
(26
)
 
$
(510
)
 
$
27

 
$
(2,138
)
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2016
 
Foreign Currency Translation Adjustment
 
Deferred Gain (Loss) on Hedging Activities
 
Pension Liability Adjustment
 
Unrealized Gain (Loss) on Investments
 
Total
 
(In millions)
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2015
$
(1,626
)
 
$
(15
)
 
$
(523
)
 
$
18

 
$
(2,146
)
Other comprehensive income before reclassifications
57

 
(62
)
 
(6
)
 
12

 
1

Amounts reclassified from AOCI
(73
)
 
51

 
22

 
—

 
—

Tax effect
13

 
—

 
(3
)
 
(3
)
 
7

Net current period other comprehensive income
(3
)
 
(11
)
 
13

 
9

 
8

Balance at June 30, 2016
$
(1,629
)
 
$
(26
)
 
$
(510
)
 
$
27

 
$
(2,138
)


The current period change in foreign currency translation adjustment is primarily due to U.S. dollar depreciation, 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,
2016
 
June 30,
2015
 
June 30
2016
 
June 30
2015
 
Affected line item in the consolidated statement of earnings
 
 
(In millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
 
 
 
 
 
 
 
 
 
 
 
 
(73
)
 
—

 
(73
)
 
—

 
Other income/expense
 
 
—

 
—

 
—

 
—

 
Tax
 
 
(73
)
 
—

 
(73
)
 
—

 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Deferred loss (gain) on hedging activities
 
 
 
 
 
 
 
 
 
 
 
 
$
5

 
$
17

 
$
24

 
$
17

 
Cost of products sold
 
 
8

 
(4
)
 
22

 
(21
)
 
Other income/expense
 
 
6

 
2

 
5

 
(45
)
 
Revenues
 
 
19

 
15

 
51

 
(49
)
 
Total before tax
 
 
(8
)
 
(6
)
 
(19
)
 
18

 
Tax
 
 
$
11

 
$
9

 
$
32

 
$
(31
)
 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Pension liability adjustment
 
 
 
 
 
 
 
 
 
 
Amortization of defined benefit pension items:
 
 
 
 
 
 
 
 
 
 
Prior service credit
 
$
(3
)
 
$
(11
)
 
$
(7
)
 
$
(13
)
 
 
Actuarial losses
 
15

 
15

 
29

 
42

 
 
 
 
12

 
4

 
22

 
29

 
Total before tax
 
 
(2
)
 
—

 
(3
)
 
(17
)
 
Tax
 
 
$
10

 
$
4

 
$
19

 
$
12

 
Net of tax