Accumulated Other Comprehensive Income (AOCI)

3 Months Ended

Mar. 31, 2017

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 months ended March 31, 2017 and the reclassifications out of AOCI for the three months ended March 31, 2017 and 2016:

	Three months ended March 31, 2017
	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, 2016	$	(2,102	)	$	6		$	(521	)	$	19		$	(2,598	)
Other comprehensive income (loss) before reclassifications	21			1			(3		)	(6		)	13
Amounts reclassified from AOCI	—			2			15			—			17
Tax effect	3			(3		)	(6		)	—			(6		)
Net current period other comprehensive income	24			—			6			(6		)	24
Balance at March 31, 2017	$	(2,078	)	$	6		$	(515	)	$	13		$	(2,574	)

	Amount reclassified from AOCI
	Three months ended
Details about AOCI components	March 31, 2017			March 31, 2016			Affected line item in the consolidated statement of earnings
	(In millions)
Deferred loss (gain) on hedging activities
	$	(1	)	$	19		Cost of products sold
	2			14			Other income/expense
	1			(1		)	Revenues
	2			32			Total before tax
	(1		)	(11		)	Tax
	$	1		$	21		Net of tax
Pension liability adjustment
Amortization of defined benefit pension items:
Prior service credit	$	(3	)	$	(4	)	Selling, general, and administrative expenses
Actuarial losses	18			14			Selling, general, and administrative expenses
	15			10			Total before tax
	(6		)	(1		)	Tax
	$	9		$	9		Net of tax