The components of accumulated other comprehensive income (loss) are as follows:



	Currency Translation Adjustments			Net Unrealized Gains (Losses) on Cash Flow Hedges ^(a)			Net Unrealized Gains (Losses) on Available-For-Sale Securities			Minimum Pension Liability Adjustment ^(b)			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2012	$	159		$	(13	)	$	2		$	(70	)	$	78
Other comprehensive income (loss) before reclassifications	34			(1		)	2			(23		)	12
Amounts reclassified from accumulated other comprehensive income (loss)	—			14			(2		)	8			20
Net current-period other comprehensive income (loss)	34			13			—			(15		)	32
Balance, December 31, 2012	193			—			2			(85		)	110
Other comprehensive income (loss) before reclassifications	(27		)	1			—			24			(2		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			—			—			9			9
Net current-period other comprehensive income (loss)	(27		)	1			—			33			7
Balance, December 31, 2013	166			1			2			(52		)	117
Other comprehensive income (loss) before reclassifications	(115		)	(7		)	—			(24		)	(146		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			5			—			2			7
Net current-period other comprehensive income (loss)	(115		)	(2		)	—			(22		)	(139		)
Balance, December 31, 2014	$	51		$	(1	)	$	2		$	(74	)	$	(22	)

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All components of accumulated other comprehensive income (loss) are net of tax, except currency translation adjustments, which exclude income taxes related to indefinite investments in foreign subsidiaries and include a $35 million gain, net of tax, related to the Company’s hedge of its net investment in Euro-denominated foreign operations (See Note 18—Financial Instruments).


^(a)	For the year ended December 31, 2014, amounts reclassified from accumulated other comprehensive income (loss) into interest expense were $8 million ($5 million, net of tax).


^(b)	For the year ended December 31, 2014 and 2013, amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses and operating expenses were $3 million ($2 million, net of tax) and $15 million ($9 million, net of tax), respectively.