Accumulated Other Comprehensive Income (AOCI)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2017 and the reclassifications out of AOCI for the three and nine months ended September 30, 2017 and 2016:

	Three months ended September 30, 2017
	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, 2017	$	(1,684	)	$	39		$	(510	)	$	14	$	(2,141	)
Other comprehensive income (loss) before reclassifications	244			(41		)	160			6		369
Amounts reclassified from AOCI	—			15			14			—		29
Tax effect	(40		)	6			(66		)	—		(100		)
Net current period other comprehensive income	204			(20		)	108			6		298
Balance at September 30, 2017	$	(1,480	)	$	19		$	(402	)	$	20	$	(1,843	)
	Nine months ended September 30, 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 before reclassifications	626			(10		)	151			1		768
Amounts reclassified from AOCI	—			22			42			—		64
Tax effect	(4		)	1			(74		)	—		(77		)
Net current period other comprehensive income	622			13			119			1		755
Balance at September 30, 2017	$	(1,480	)	$	19		$	(402	)	$	20	$	(1,843	)

	Amount reclassified from AOCI
	Three months ended						Nine months ended
Details about AOCI components	Sep 30 2017			Sep 30 2016			Sep 30 2017			Sep 30 2016			Affected line item in the consolidated statement of earnings
	(In millions)
Foreign currency translation adjustment
	$	—		$	(2	)	$	—		$	(75	)	Other income/expense
	—			—			—			—			Tax
	$	—		$	(2	)	$	—		$	(75	)	Net of tax
Deferred loss (gain) on hedging activities
	$	15		$	37		$	20		$	61		Cost of products sold
	—			2			—			2			Interest expense
	—			3			2			25			Other income/expense
	—			9			—			14			Revenues
	15			51			22			102			Total before tax
	(5		)	(19		)	(8		)	(38		)	Tax
	$	10		$	32		$	14		$	64		Net of tax
Pension liability adjustment
Amortization of defined benefit pension items:
Prior service credit	$	(2	)	$	(5	)	$	(8	)	$	(12	)	Selling, general, and administrative expenses
Actuarial losses	16			15			50			44			Selling, general, and administrative expenses
	14			10			42			32			Total before tax
	(5		)	(4		)	(15		)	(7		)	Tax
	$	9		$	6		$	27		$	25		Net of tax
Unrealized loss on investments
	$	—		$	6		$	—		$	6		Asset impairment, exit, and restructuring costs
	—			—			—			—			Tax
	$	—		$	6		$	—		$	6		Net of tax