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Accumulated Other Comprehensive Income (AOCI)
 3 Months Ended
Mar. 31, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Accumulated Other Comprehensive Income (AOCI) Accumulated Other Comprehensive Income

The following tables set forth the changes in AOCI by component for the three months ended March 31, 2020 and the reclassifications out of AOCI for the three months ended March 31, 2020 and 2019:
 
Three months ended March 31, 2020
 
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, 2019
$
(2,152
)
 
$
(12
)
 
$
(268
)
 
$
27

 
$
(2,405
)
Other comprehensive income (loss) before reclassifications
(245
)
 
(126
)
 
4

 
6

 
(361
)
Amounts reclassified from AOCI
—

 
44

 
—

 
—

 
44

Tax effect
(42
)
 
14

 
(12
)
 
(2
)
 
(42
)
Net of tax amount
(287
)
 
(68
)
 
(8
)
 
4

 
(359
)
Balance at March 31, 2020
$
(2,439
)
 
$
(80
)
 
$
(276
)
 
$
31

 
$
(2,764
)


 
Amount reclassified from AOCI
 
 
Three months ended March 31,
Affected line item in the consolidated statement of earnings
Details about AOCI components
2020
 
2019
 
(In millions)
 
Deferred loss (gain) on hedging activities
 
 
 
 
 
$
(5
)
 
$
13

Revenues
 
24

 
(5
)
Cost of products sold
 
25

 
—

Other (income) expense-net
 
44

 
8

Total before tax
 
(5
)
 
(2
)
Tax
 
$
39

 
$
6

Net of tax
 
 
 
 
 
Pension liability adjustment
 
 
 
 
Amortization of defined benefit pension items:
 
 
 
 
Prior service credit
$
(8
)
 
$
(4
)
Other (income) expense-net
Actuarial losses
8

 
1

Other (income) expense-net
 
—

 
(3
)
Total before tax
 
(11
)
 
14

Tax
 
$
(11
)
 
$
11

Net of tax


The Company’s accounting policy is to release the income tax effects from AOCI when the individual units of account are sold, terminated, or extinguished.