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Accumulated Other Comprehensive Loss (Tables)
9 Months Ended
Sep. 30, 2019
Accumulated Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
($ in millions)
Unrealized Foreign Currency Translation Adjustments
 
Pension and Other Postretirement Benefit Adjustments, net of tax (c)
 
Unrealized Gain/(Loss) on Derivatives, net of tax (d)
 
Accumulated Other Comprehensive Loss
January 1, 2019
 

($1,734
)
 
 

($568
)
 
 

$2

 
 

($2,300
)
Current year deferrals to AOCI (a)
(151
)
 
 

 
 

 
 
(151
)
 
Current year deferrals to AOCI, net of tax (b)
119

 
 
(6
)
 
 
(3
)
 
 
110

 
Reclassifications from AOCI to net income

 
 
10

 
 
3

 
 
13

 
Period change
 

($32
)
 
 

$4

 
 

$—

 
 

($28
)
September 30, 2019
 

($1,766
)
 
 

($564
)
 
 

$2

 
 

($2,328
)
 
 
 
 
 
 
 
 
 
 
 
 
January 1, 2018
 

($1,567
)
 
 

($493
)
 
 

$3

 
 

($2,057
)
Current year deferrals to AOCI
(172
)
 
 

 
 

 
 
(172
)
 
Current year deferrals to AOCI, net of tax (b)
121

 
 
6

 
 
(6
)
 
 
121

 
Reclassifications from AOCI to net income

 
 
14

 
 
4

 
 
18

 
Period change
 

($51
)
 
 

$20

 
 

($2
)
 
 

($33
)
Reclassification from AOCI to Retained earnings - Adoption ASU 2018-02
 
(23
)
 
 
(84
)
 
 

 

(107
)
September 30, 2018
 

($1,641
)
 
 

($557
)
 
 

$1

 
 

($2,197
)

(a)
Except for income taxes of $6 million related to foreign currency impacts of certain unasserted earnings, 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 nine months ended September 30, 2019 and 2018 was $39 million and $29 million, respectively.
(c)
The tax cost/(benefit) related to the adjustment for pension and other postretirement benefits for the nine months ended September 30, 2019 and 2018 was $2 million and ($3) million, respectively. Reclassifications from AOCI are included in the computation of net periodic benefit costs (See Note 11, "Pensions and Other Postretirement Benefits").
(d)
The tax benefit related to the changes in the unrealized loss on derivatives for the nine months ended September 30, 2019 and 2018 was $1 million and $2 million, respectively. Reclassifications from AOCI are included in the gain recognized on cash flow hedges (See Note 13, "Financial Instruments, Hedging Activities and Fair Value Measurements").