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, 2014	$	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		)
Other comprehensive income (loss) before reclassifications	(131		)	(6		)	(2		)	6			(133		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			5			—			3			8
Net current-period other comprehensive income (loss)	(131		)	(1		)	(2		)	9			(125		)
Balance, December 31, 2015	(80		)	(2		)	—			(65		)	(147		)
Other comprehensive income (loss) before reclassifications	41			—			1			(57		)	(15		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			4			—			4			8
Net current-period other comprehensive income (loss)	41			4			1			(53		)	(7		)
Balance, December 31, 2016	$	(39	)	$	2		$	1		$	(118	)	$	(154	)

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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 an $83 million gain, net of tax, related to the Company’s hedge of its investment in Euro-denominated foreign operations (See Note 18-Financial Instruments).

^(a)

For the years ended December 31, 2016, 2015 and 2014, the amounts reclassified from accumulated other comprehensive income (loss) into corporate interest expense were $6 million ($4 million, net of tax), $7 million ($4 million, net of tax) and $8 million ($5 million, net of tax), respectively. For the years ended December 31, 2016 and 2015, amounts reclassified from accumulated comprehensive income (loss) into vehicle interest expense were $1 million ($0 million, net of tax) and $1 million ($1 million, net of tax), respectively.


^(b)	For the years ended December 31, 2016, 2015 and 2014, amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $6 million ($4 million, net of tax), $5 million ($3 million, net of tax) and $3 million ($2 million, net of tax), respectively