Accumulated Other Comprehensive Loss



($ in millions)	Unrealized Foreign Currency Translation Adjustments					Pension and Other Post- retirement Benefit Adjustments, net of tax (c)					Unrealized Gain (Loss) on Derivatives, net of tax (d)					Accumulated Other Comprehensive (Loss) Income
Balance, January 1, 2013			$	6				$	(1,597	)			$	(75	)			$	(1,666	)
Current year deferrals to AOCI (a)	36					—					—					36
Current year deferrals to AOCI, tax effected (b)	(80	)				330					19					269
Separation & Merger Transaction (e)	—					33					4					37
Reclassifications from AOCI to net income	—					77					(13	)				64
Period change			(44		)			440					10					406
Balance, December 31, 2013			$	(38	)			$	(1,157	)			$	(65	)			$	(1,260	)
Current year deferrals to AOCI (a)	(442	)				—					—					(442	)
Current year deferrals to AOCI, tax effected (b)	(148	)				(377	)				34					(491	)
Reclassifications from AOCI to net income	—					42					35					77
Period change			(590		)			(335		)			69					(856		)
Balance, December 31, 2014			$	(628	)			$	(1,492	)			$	4				$	(2,116	)
Current year deferrals to AOCI (a)	(630	)				—					—					(630	)
Current year deferrals to AOCI, tax effected (b)	(74	)				9					41					(24	)
Reclassifications from AOCI to net income						104					(36	)				68
Period change			(704		)			113					5					(586		)
Balance, December 31, 2015			$	(1,332	)			$	(1,379	)			$	9				$	(2,702	)

(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 undistributed earnings of non-U.S. subsidiaries because they are deemed to be reinvested for an indefinite period of time.

(b) - The tax cost related to unrealized foreign currency translation adjustments on tax inter-branch transactions and net investment hedges for the years ended December 31, 2015, 2014 and 2013 was $(84) million, $(33) million and $(35) million, respectively. In 2015 and 2014, the balance includes a remeasurement of the tax cost on the foreign proceeds from the sale of the Company’s interest in Transitions Optical which have not been permanently reinvested. Refer to Note 2, “Acquisitions and Dispositions” for additional information.

(c) - The tax benefit (cost) related to the adjustment for pension and other postretirement benefits for the years ended December 31, 2015, 2014 and 2013 was $(51) million, $162 million and $(392) million, respectively. Reclassifications from AOCI are included in the computation of net periodic benefit costs (See Note 12, “Employee Benefit Plans”). The cumulative tax benefit related to the adjustment for pension and other postretirement benefits at December 31, 2015 and 2014 was approximately $679 million and $730 million, respectively.

(d) - The tax cost related to the change in the unrealized gain (loss) on derivatives for the years ended December 31, 2015, 2014 and 2013 was $(2) million, $(40) million and $(8) million, respectively. Reclassifications from AOCI are included in the gain or loss recognized on cash flow hedges (See Note 9 “Financial Instruments, Hedging Activities and Fair Value Measurements”).

(e) - Amounts in AOCI related to the commodity chemicals business were removed from the balance sheet in connection with recording the gain on the separation and merger of this business (See Note 2, “Acquisitions and Dispositions”).