Accumulated Other Comprehensive Income (AOCI)

9 Months Ended

Sep. 30, 2016

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Accumulated Other Comprehensive Income (AOCI)

Accumulated Other Comprehensive Income (AOCI)

The following tables set forth the changes in AOCI by component for the three and nine months ended September 30, 2016 and the reclassifications out of AOCI for the three and nine months ended September 30, 2016 and 2015:

	Three months ended September 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 June 30, 2016	$	(1,629	)	$	(26	)	$	(510	)	$	27		$	(2,138	)
Other comprehensive income (loss) before reclassifications	(39		)	(50		)	1			(22		)	(110		)
Amounts reclassified from AOCI	(2		)	51			10			(6		)	53
Tax effect	5			3			(4		)	1			5
Net current period other comprehensive income	(36		)	4			7			(27		)	(52		)
Balance at September 30, 2016	$	(1,665	)	$	(22	)	$	(503	)	$	—		$	(2,190	)
	Nine months ended September 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	18			(112		)	(5		)	(10		)	(109		)
Amounts reclassified from AOCI	(75		)	102			32			(6		)	53
Tax effect	18			3			(7		)	(2		)	12
Net current period other comprehensive income	(39		)	(7		)	20			(18		)	(44		)
Balance at September 30, 2016	$	(1,665	)	$	(22	)	$	(503	)	$	—		$	(2,190	)

	Amount reclassified from AOCI
	Three months ended						Nine months ended
Details about AOCI components	Sep 30, 2016			Sep 30, 2015			Sep 30, 2016			Sep 30, 2015			Affected line item in the consolidated statement of earnings
	(In millions)
Foreign currency translation adjustment
	$	(2	)	$	(29	)	$	(75	)	$	(29	)	Other income/expense
	—			—			—			—			Tax
	$	(2	)	$	(29	)	$	(75	)	$	(29	)	Net of tax
Deferred loss (gain) on hedging activities
	$	37		$	(2	)	$	61		$	15		Cost of products sold
	2			—			2			—			Interest expense
	3			(6		)	25			(27		)	Other income/expense
	9			(4		)	14			(49		)	Revenues
	51			(12		)	102			(61		)	Total before tax
	(19		)	5			(38		)	23			Tax
	$	32		$	(7	)	$	64		$	(38	)	Net of tax
Pension liability adjustment
Amortization of defined benefit pension items:
Prior service credit	$	(5	)	$	(4	)	$	(12	)	$	(17	)
Actuarial losses	15			19			44			61
Settlement charges	—			15			—			15			Asset impairment, exit, and restructuring costs
	10			30			32			59			Total before tax
	(4		)	(7		)	(7		)	(24		)	Tax
	$	6		$	23		$	25		$	35		Net of tax
Unrealized loss on investments
	$	6		$	—		$	6		$	—		Asset impairment, exit, and restructuring costs
	—			—			—			—			Tax
	$	6		$	—		$	6		$	—		Net of tax