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, 2014			$	(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	)
Current year deferrals to AOCI (a)	(299	)				—					—					(299	)
Current year deferrals to AOCI, tax effected (b)	(167	)				29					3					(135	)
Reclassifications from AOCI to net income	—					779					1					780
Period change			$	(466	)			$	808				$	4				$	346
Balance, December 31, 2016			$	(1,798	)			$	(571	)			$	13				$	(2,356	)

(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, 2016, 2015 and 2014 was $(34) million, $(84) million and $(33) 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 Divestitures” for additional information.

(c) - The tax (cost) benefit related to the adjustment for pension and other postretirement benefits for the years ended December 31, 2016, 2015 and 2014 was $(403) million, $(51) million and $162 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, 2016 and 2015 was $276 million and $679 million, respectively.

(d) - The tax cost (benefit) related to the change in the unrealized gain on derivatives for the years ended December 31, 2016, 2015 and 2014 was $2 million, $(2) million and $(40) 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”).