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Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2014
Accumulated Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Loss
($ in millions)
Unrealized Foreign
Currency
Translation Adjustments
 
Pension and Other Postretirement Benefit Adjustments, net of tax
 
Unrealized Gain (Loss) on Derivatives, net of tax
 
Accumulated
Other Comprehensive
(Loss) Income
Balance, January 1, 2013
 
 
$
6

 
 
 
$
(1,597
)
 
 
 
$
(75
)
 
 
$
(1,666
)
Current year deferrals to AOCI
36

 
 
 

 
 
 

 
 
 
36

 
Current year deferrals to AOCI, tax effected
(80
)
 
 
 
330

 
 
 
19

 
 
 
269

 
Separation & Merger Transaction

 
 
 
33

 
 
 
4

 
 
 
37

 
Reclassifications from AOCI to net income

 
 
 
77

 
 
 
(13
)
 
 
 
64

 
Net change
 
 
(44
)
 
 
 
440

 
 
 
10

 
 
406

Balance, December 31, 2013
 
 
$
(38
)
 
 
 
$
(1,157
)
 
 
 
$
(65
)
 
 
$
(1,260
)
Current year deferrals to AOCI
(17
)
(a) 
 
 

 
 
 

 
 
 
(17
)
 
Current year deferrals to AOCI, tax effected
33

(b) 
 
 
(4
)
(c) 
 
 
4

(d) 
 
 
33

 
Reclassifications from AOCI to net income

 
 
 
15

(c) 
 
 
(1
)
(d) 
 
 
14

 
Net change
 
 
16

 
 
 
11

 
 
 
3

 
 
30

Balance, March 31, 2014
 
 
$
(22
)
 
 
 
$
(1,146
)
 
 
 
$
(62
)
 
 
$
(1,230
)
(a) - Unrealized foreign currency translation adjustments related to translation of foreign denominated balance sheets are not presented net of tax given that no deferred U.S. income taxes have been provided on the undistributed earnings of non-U.S. subsidiaries because they are deemed to be reinvested for an indefinite period of time.
(b) - The tax benefit related to unrealized foreign currency translation adjustments on tax inter-branch transactions and net investment hedges for the period ended March 31, 2014 was $40 million.
(c) - The tax cost related to the adjustment for pension and other postretirement benefits for the period ended March 31, 2014 was insignificant. Reclassifications from AOCI are included in the computation of net periodic pension cost (See Note 10, "Pension and Other Postretirement Benefits").
(d) - The tax cost related to the change in the unrealized gain on derivatives for the period ended March 31, 2014 was insignificant. Reclassifications from AOCI are included in the gain or loss recognized on cash flow hedges (See Note 14, "Financial Instruments and Hedging Activities").