Accumulated Other Comprehensive Income (AOCI)

The following tables set forth the changes in AOCI by component for the three and six months ended June 30, 2018 and the reclassifications out of AOCI for the three and six months ended June 30, 2018 and 2017:



	Three months ended June 30, 2018
	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, 2018	$	(1,145	)	$	(2	)	$	(322	)	$	18		$	(1,451	)
Other comprehensive income (loss) before reclassifications	(402		)	(98		)	6			(2		)	(496		)
Amounts reclassified from AOCI	—			34			7			—			41
Tax effect	(19		)	15			(1		)	—			(5		)
Net of tax amount	(421		)	(49		)	12			(2		)	(460		)
Balance at June 30, 2018	$	(1,566	)	$	(51	)	$	(310	)	$	16		$	(1,911	)

	Six months ended June 30, 2018
	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, 2017	$	(1,353	)	$	17		$	(321	)	$	20		$	(1,637	)
Other comprehensive income before reclassifications	(191		)	(115		)	—			(4		)	(310		)
Amounts reclassified from AOCI	—			26			15			—			41
Tax effect	(22		)	21			(4		)	—			(5		)
Net current period other comprehensive income	(213		)	(68		)	11			(4		)	(274		)
Balance at June 30, 2018	$	(1,566	)	$	(51	)	$	(310	)	$	16		$	(1,911	)



	Amount reclassified from AOCI
	Three months ended						Six months ended
Details about AOCI components	Jun 30 2018			Jun 30 2017			Jun 30 2018			Jun 30 2017			Affected line item in the consolidated statement of earnings
	(In millions)
Deferred loss (gain) on hedging activities
	$	34		$	6		$	28		$	5		Cost of products sold
	(1		)	—			(1		)	—			Interest expense
	—			—			—			2			Other (income) expense - net
	1			(1		)	(1		)	—			Revenues
	34			5			26			7			Total before tax
	(8		)	(2		)	(6		)	(3		)	Tax
	$	26		$	3		$	20		$	4		Net of tax

Pension liability adjustment
Amortization of defined benefit pension items:
Prior service credit	$	(9	)	$	(3	)	$	(17	)	$	(6	)	Other (income) expense - net
Actuarial losses	16			16			32			34			Other (income) expense - net
	7			13			15			28			Total before tax
	1			(4		)	(3		)	(10		)	Tax
	$	8		$	9		$	12		$	18		Net of tax